Penn National call volume above normal and directionally bullish
The Fly

Penn National call volume above normal and directionally bullish

Bullish option flow detected in Penn National with 24,316 calls trading, 2x expected, and implied vol increasing almost 4 points to 56.56%. 6/14 weekly 18 calls and Jun-24 16.5 calls are the most active options, with total volume in those strikes near 5,500 contracts. The Put/Call Ratio is 0.29. Earnings are expected on August 7th.

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