Tour v344
PENN
PENN ENTMT INC
$21.27 +0.71%
$21.61 (+1.60%)🌙
as of 07/16 06:52 PM
7/16 18:52

Option Volume

Detail
Current (07/16) 1,284
Calls: 1,208 (94%)
Puts: 76 (6%)
Prior (07/15) 1,324
Calls: 1,268 (96%)
Puts: 56 (4%)
Current vs Prior -3.02%
Calls: -4.73% (Calls)
Puts: +35.71% (Puts)
Prior 7-Day Total 5,349
Calls: 4,594 (86%)
Puts: 755 (14%)
Prior 7-Day Average 764
Calls: 656 (86%)
Puts: 107 (14%)
Current vs Prior 7-Day Avg +68.03%
Calls: +84.07%
Puts: -29.54%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/16) $218.2K
Calls: $212.2K (97%)
Puts: $6.0K (3%)
Prior (07/15) $227.9K
Calls: $218.0K (96%)
Puts: $9.9K (4%)
Current vs Prior -4.27%
Calls: -2.67%
Puts: -39.61%
Prior 7-Day Total $779.8K
Calls: $674.4K (86%)
Puts: $105.4K (14%)
Prior 7-Day Average $111.4K
Calls: $96.3K (86%)
Puts: $15.1K (14%)
Current vs Prior 7-Day Avg +95.82%
Calls: +120.23%
Puts: -60.29%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/16) 0.06
Prior (07/15) 0.04
Current vs Prior +42.46%
Prior 7-Day Average 0.30
Current vs Prior 7-Day Avg -79.10%
Sentiment BULLISH

Open Interest

Detail
Current (07/16) 26,905
Calls: 24,549 (91%)
Puts: 2,356 (9%)
Prior (07/15) 23,621
Calls: 21,845 (92%)
Puts: 1,776 (8%)
Current vs Prior +13.90%
Prior 7-Day Total 126,528
Calls: 112,801 (89%)
Puts: 13,727 (11%)
Prior 7-Day Average 18,075
Calls: 16,114 (89%)
Puts: 1,961 (11%)
Current vs Prior 7-Day Avg +48.85%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/17) | Next (08/21)Expiry (07/17) | Next (08/21)
Current 5.17% | 16.46%5.17% | 16.46%
Prior 8.29% | 16.86%8.29% | 16.86%
Current vs Prior -37.59% | -2.38%-37.59% | -2.38%
Prior 7-Day Avg 8.45% | 17.06%8.45% | 17.06%
Current vs 7-Day Avg -38.80% | -3.52%-38.80% | -3.52%
Prior 7-Day Eod 8.29% | 16.86%8.29% | 16.86%
Current vs 7-Day Eod -37.59% | -2.38%-37.59% | -2.38%
Sentiment BULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 21.05% | 16.55%
Calls: 10.53% | 14.29%
Puts: 31.58% | 18.80%
Prior 21.05% | 16.55%
Calls: 10.53% | 14.29%
Puts: 31.58% | 18.80%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 21.05% | 16.55%
Calls: 10.53% | 14.29%
Puts: 31.58% | 18.80%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
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🤖 AI Insights

Strong bullish conviction with 97% of dollar volume in calls ($212.2K) vs puts ($6.0K). Dollar volume significantly above 7-day average (96% higher). Extreme bullish P/C ratio of 0.06 - heavy call buying (1,208 calls vs 76 puts). P/C ratio rising 42% - increased hedging/bearish positioning.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH

📈 Options Analysis

🎯 Tightest Spreads
💰 Best Value Under $1
📊 High Delta (ITM)
🔥 High Volume
Backwardation
📈 Debit Spreads
📉 Credit Spreads
📅 Calendar Spreads
Straddles
🔀 Strangles
🦅 Iron Condors
🦋 Butterflies
⚖️ Ratio Spreads
🛡️ Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top -- of results (avg --%, best --%)

No options available for this category

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. -- found (avg $--, cheapest $--)

No options available for this category

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 9 found (avg delta 0.84, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$15.00Jul 176.107.50$6.8020.6%31.00468
$16.00Jul 175.106.00$5.5516.2%151.00452
$17.00Jul 173.905.50$4.7034.0%61.00559
$18.00Jul 172.953.80$3.3825.1%21.00--
$20.00Jul 171.201.45$1.3318.8%2620.952.2K
PUTS (0)
No puts meet the criteria

Most actively traded options today. High liquidity = easy entry/exit. 20 active (total vol 1.1K, top 262)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$20.00Jul 171.201.45$1.3318.8%2620.952.2K
$21.00Jul 170.350.65$0.5060.0%2170.635.0K
$22.00Aug 211.051.25$1.1517.4%2090.47257
$23.00Aug 210.601.20$0.9066.7%1110.3891
$21.00Aug 211.551.85$1.7017.6%910.59698
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$20.00Aug 210.600.95$0.7745.5%350.31--
$20.00Jul 170.000.20$0.10200.0%200.161.7K
$21.00Aug 211.001.35$1.1829.7%100.42--
$15.00Jul 170.000.10$0.05200.0%20.03364
$19.00Aug 210.002.70$1.35200.0%10.2930

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 5 strikes (avg 88.3%, max 120.9%)

CALLS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$23.00Jul 17Aug 21123.6%56.0%120.9%1171.5K
$20.00Jul 17Aug 21109.1%53.3%104.8%2712.5K
$22.00Jul 17Aug 2192.8%51.9%78.9%2784.9K
$21.00Jul 17Aug 2169.0%52.2%32.1%3085.7K
PUTS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$20.00Jul 17Aug 21109.1%53.3%104.8%551.7K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 8 found (best R:R 7.33, avg 2.08)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$24.00$25.00Aug 21$0.12$0.88$0.127.33$24.12
$22.00$23.00Aug 21$0.25$0.75$0.253.00$22.25
$21.00$22.00Jul 17$0.40$0.60$0.401.50$21.40
$23.00$24.00Aug 21$0.50$0.50$0.501.00$23.50
$20.00$21.00Aug 21$0.55$0.45$0.550.82$20.55
BEAR PUT (1)
BuySellExpiryDebitMax GainMax LossR:RBE
$21.00$20.00Aug 21$0.41$0.59$0.411.44$20.59

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 10 found (best R:R 5.67, avg 1.72)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$16.00$17.00Jul 17$0.85$0.85$0.155.67$16.85
$20.00$21.00Jul 17$0.83$0.83$0.174.88$20.83
$19.00$20.00Aug 21$0.58$0.58$0.421.38$19.58
$20.00$21.00Aug 21$0.55$0.55$0.451.22$20.55
$21.00$22.00Aug 21$0.55$0.55$0.451.22$21.55
BULL PUT (1)
SellBuyExpiryCreditMax GainMax LossR:RBE
$21.00$20.00Aug 21$0.41$0.41$0.590.69$20.59

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 5 found (avg debit $0.94, cheapest $0.67)

CALLS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$23.00Jul 17Aug 21$0.85123.6%56.0%
$20.00Jul 17Aug 21$0.92109.1%53.3%
$22.00Jul 17Aug 21$1.0592.8%51.9%
$21.00Jul 17Aug 21$1.2069.0%52.2%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$20.00Jul 17Aug 21$0.67109.1%53.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 5 found (cheapest 6.72% of stock, avg 17.26%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$20.00Jul 17$1.33$0.10$1.43$18.57$21.436.72%
$21.00Aug 21$1.70$1.18$2.88$18.12$23.8813.54%
$20.00Aug 21$2.25$0.77$3.02$16.98$23.0214.20%
$19.00Aug 21$2.83$1.35$4.18$14.82$23.1819.65%
$15.00Jul 17$6.80$0.05$6.85$8.15$21.8532.20%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 14 found (cheapest 0.71% of stock, avg 7.30%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$23.00$20.00Jul 17$0.05$0.10$0.15$19.85$23.15
$22.00$20.00Jul 17$0.10$0.10$0.20$19.80$22.20
$25.00$20.00Aug 21$0.28$0.77$1.05$18.95$26.05
$24.00$20.00Aug 21$0.40$0.77$1.17$18.83$25.17
$25.00$21.00Aug 21$0.28$1.18$1.46$19.54$26.46
$24.00$21.00Aug 21$0.40$1.18$1.58$19.42$25.58
$25.00$19.00Aug 21$0.28$1.35$1.63$17.37$26.63
$23.00$20.00Aug 21$0.90$0.77$1.67$18.33$24.67
$24.00$19.00Aug 21$0.40$1.35$1.75$17.25$25.75
$22.00$20.00Aug 21$1.15$0.77$1.92$18.08$23.92

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 2 found (best R:R 1.94, avg credit $0.59)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
20/2122/23Aug 21$0.66$0.341.94$20.34$22.66
20/2124/25Aug 21$0.53$0.471.13$20.47$24.53

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 6 found (best R:R 2.33, cheapest $0.30)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$21.00$22.00$23.00Aug 21$0.30$0.702.33
$21.00$22.00$23.00Jul 17$0.35$0.651.86
$23.00$24.00$25.00Aug 21$0.38$0.621.63
$15.00$16.00$17.00Jul 17$0.40$0.601.50
$20.00$21.00$22.00Jul 17$0.43$0.571.33
PUTS (1)
LowMidHighExpiryDebitMax GainR:R
$19.00$20.00$21.00Aug 21$0.99$0.010.01

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 10 found (best net $--, 6 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$22.00$23.001:2Jul 17$0.00$1.00
$24.00$25.001:2Aug 21-$0.16$0.84
$21.00$22.001:2Aug 21-$0.60$0.40
$22.00$23.001:2Aug 21-$0.65$0.35
$18.00$20.001:2Jul 17$0.72$1.28
PUTS (2)
Buy KSell KRatioExpiryNetMax Gain
$20.00$15.001:2Jul 17$0.00$5.00
$21.00$20.001:2Aug 21-$0.36$0.64

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 4 found (best yield 4.94%, avg 2.35%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$22.00Aug 21$1.050.473.4%4.94%8.37%209257
$23.00Aug 21$0.600.388.1%2.82%10.95%11191
$24.00Aug 21$0.200.2412.8%0.94%13.78%968
$25.00Aug 21$0.150.1717.5%0.71%18.24%2--

Current 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Prior's 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Current Put/Call Breakdown

Total Calls 1,208
Total Puts 76
Put/Call Ratio 0.06
Net Difference 1,132

Prior's Put/Call Breakdown

Total Calls 1,268
Total Puts 56
Put/Call Ratio 0.04
Net Difference 1,212

Prior 7-Day Put/Call Summary

Total Calls 4,594
Total Puts 755
Average Put/Call Ratio 0.30
Ratio Trend Rising

Daily Put/Call History (Last 7 Days)

Date Calls Puts Ratio Net Diff
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Upcoming Earnings - 2 Weeks Prior

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Upcoming Earnings - 1 Week Prior

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Earnings This Week

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Earnings - Day Before / Day After

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Options Activity Around Earnings

Ticker Earnings Date Days Away Call Volume Put Volume IV Rank
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Chart Title

Price — Past 7 Days

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