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 14,919 calls trading, 1.4x expected, and implied vol increasing almost 10 points to 68.15%. Jul-24 19 calls and Aug-24 20 calls are the most active options, with total volume in those strikes near 2,800 contracts. The Put/Call Ratio is 0.07. Earnings are expected on August 8th.

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