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.

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