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Penn National call volume above normal and directionally bullish

Bullish option flow detected in Penn National with 21,280 calls trading, 4x expected, and implied vol increasing over 3 points to 47.64%. Dec-23 25.5 calls and Dec-23 26 calls are the most active options, with total volume in those strikes near 13,200 contracts. The Put/Call Ratio is 0.11. Earnings are expected on February 1st.

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