Penn National call volume above normal and directionally bullish

Bullish option flow detected in Penn National with 11,333 calls trading, 6x expected, and implied vol increasing over 6 points to 50.74%. 7/28 weekly 23 puts and 7/28 weekly 27 calls are the most active options, with total volume in those strikes near 4,500 contracts. The Put/Call Ratio is 0.55. Earnings are expected on August 3rd.