PENN Entertainment Option Alert: Fri $22.5 Calls Sweep (46) near the Ask: 1989 @ $0.397 vs 431 OI; Earnings 11/2 Before Open [est] Ref=$22.65
Portfolio Pulse from Charles Gross
An options alert has been issued for PENN Entertainment, with a sweep of 1989 calls at $0.397 for Friday $22.5, compared to an open interest of 431. The company's earnings are expected to be announced on 11/2 before the market opens. The reference price is $22.65.

September 06, 2023 | 2:25 pm
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NEUTRAL IMPACT
Increased options activity in PENN Entertainment could indicate investor anticipation of a significant price movement. The earnings announcement on 11/2 may also impact the stock's price.
The increased options activity suggests that investors are anticipating a significant price movement in PENN Entertainment's stock. However, it's unclear whether this movement will be positive or negative. The upcoming earnings announcement could also influence the stock's price, depending on whether the company's financial performance meets, exceeds, or falls short of expectations.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100