tiprankstipranks
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 8,533 calls trading, 1.7x expected, and implied vol increasing over 5 points to 78.73%. 8/2 weekly 19.5 puts and Oct-24 25 calls are the most active options, with total volume in those strikes near 3,200 contracts. The Put/Call Ratio is 0.33. Earnings are expected on August 8th.

Don't Miss our Black Friday Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App