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Penn National call volume above normal and directionally bullish

Bullish option flow detected in Penn National with 10,577 calls trading, 2x expected, and implied vol increasing over 1 point to 73.60%. 10/27 weekly 19 calls and 11/10 weekly 19.5 calls are the most active options, with total volume in those strikes near 4,600 contracts. The Put/Call Ratio is 0.11. Earnings are expected on November 2nd.

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