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 8,891 calls trading, 3x expected, and implied vol increasing over 1 point to 54.79%. Sep-24 20 puts and Jan-25 22.5 calls are the most active options, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 0.35. Earnings are expected on October 31st.

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