Tour v346
PENN
PENN ENTMT INC
$20.57 -3.29%
$20.50 (-0.34%)🌙
as of 07/17 07:09 PM
7/17 19:09

Option Volume

Detail
Current (07/17) 1,943
Calls: 1,061 (55%)
Puts: 882 (45%)
Prior (07/16) 1,284
Calls: 1,208 (94%)
Puts: 76 (6%)
Current vs Prior +51.32%
Calls: -12.17% (Calls)
Puts: +1060.53% (Puts)
Prior 7-Day Total 5,421
Calls: 4,740 (87%)
Puts: 681 (13%)
Prior 7-Day Average 774
Calls: 677 (87%)
Puts: 97 (13%)
Current vs Prior 7-Day Avg +150.89%
Calls: +56.69%
Puts: +806.61%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/17) $209.1K
Calls: $162.8K (78%)
Puts: $46.3K (22%)
Prior (07/16) $218.2K
Calls: $212.2K (97%)
Puts: $6.0K (3%)
Current vs Prior -4.17%
Calls: -23.28%
Puts: +674.06%
Prior 7-Day Total $804.5K
Calls: $709.1K (88%)
Puts: $95.4K (12%)
Prior 7-Day Average $114.9K
Calls: $101.3K (88%)
Puts: $13.6K (12%)
Current vs Prior 7-Day Avg +81.91%
Calls: +60.69%
Puts: +239.62%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/17) 0.83
Prior (07/16) 0.06
Current vs Prior +1221.32%
Prior 7-Day Average 0.29
Current vs Prior 7-Day Avg +186.85%
Sentiment NEUTRAL

Open Interest

Detail
Current (07/17) 18,975
Calls: 18,454 (97%)
Puts: 521 (3%)
Prior (07/16) 26,905
Calls: 24,549 (91%)
Puts: 2,356 (9%)
Current vs Prior -29.47%
Prior 7-Day Total 137,710
Calls: 123,545 (90%)
Puts: 14,165 (10%)
Prior 7-Day Average 19,672
Calls: 17,649 (90%)
Puts: 2,023 (10%)
Current vs Prior 7-Day Avg -3.55%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/17) | Next (08/21)Expiry (07/17) | Next (08/21)
Current 4.28% | 16.77%4.28% | 16.77%
Prior 5.17% | 16.46%5.17% | 16.46%
Current vs Prior +224.31% | +27.33%-17.28% | +1.93%
Prior 7-Day Avg 7.76% | 16.81%7.76% | 16.81%
Current vs 7-Day Avg +116.15% | +24.67%-44.87% | -0.21%
Prior 7-Day Eod 5.17% | 16.46%5.17% | 16.46%
Current vs 7-Day Eod +224.31% | +27.33%-17.28% | +1.93%
Sentiment BEARISHBULLISH

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 78% of dollar volume in calls ($162.8K) vs puts ($46.3K). Dollar volume significantly above 7-day average (82% higher). Above-average activity with volume up 51% vs prior. Volume explosion - 151% above 7-day average (1,943 vs avg 774).

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 NEUTRAL
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
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. 12 found (avg delta 0.80, highest 0.94)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$19.00Jul 170.503.30$1.90147.4%420.94--
$17.00Aug 213.804.90$4.3525.3%80.863
$17.00Jul 172.654.50$3.5851.7%390.85559
$18.00Aug 212.953.50$3.2317.0%50.82--
$18.00Jul 172.304.00$3.1554.0%450.80429
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$22.00Jul 170.552.25$1.40121.4%20.93--
$23.00Jul 171.103.50$2.30104.3%20.92--
$21.00Jul 170.000.75$0.38197.4%50.87376

Most actively traded options today. High liquidity = easy entry/exit. 22 active (total vol 1.8K, top 800)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$20.00Jul 170.200.80$0.50120.0%4670.702.3K
$21.00Jul 170.000.05$0.03166.7%1610.134.8K
$18.00Jul 172.304.00$3.1554.0%450.80429
$19.00Jul 170.503.30$1.90147.4%420.94--
$17.00Jul 172.654.50$3.5851.7%390.85559
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$18.00Aug 210.250.60$0.4381.4%8000.195
$20.00Aug 210.901.10$1.0020.0%530.3872
$21.00Jul 170.000.75$0.38197.4%50.87376
$22.00Jul 170.552.25$1.40121.4%20.93--
$23.00Jul 171.103.50$2.30104.3%20.92--

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 8 strikes (avg 1662.4%, max 3886.5%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$18.00Jul 17Aug 212364.6%59.3%3886.5%50429
$17.00Jul 17Aug 212750.4%69.9%3835.6%47562
$23.00Jul 17Aug 21994.7%58.2%1608.2%121.6K
$20.00Jul 17Aug 21748.2%54.9%1263.6%5002.6K
$19.00Jul 17Aug 21673.9%51.5%1207.6%6635
PUTS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$21.00Jul 17Aug 21240.3%64.0%275.7%7420

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 10 found (best R:R 7.33, avg 2.23)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$20.00$21.00Aug 21$0.22$0.78$0.223.55$20.22
$22.00$23.00Aug 21$0.22$0.78$0.223.55$22.22
$23.00$24.00Aug 21$0.28$0.72$0.282.57$23.28
$17.00$18.00Jul 17$0.43$0.57$0.431.33$17.43
$20.00$21.00Jul 17$0.47$0.53$0.471.13$20.47
BEAR PUT (3)
BuySellExpiryDebitMax GainMax LossR:RBE
$19.00$18.00Aug 21$0.12$0.88$0.127.33$18.88
$20.00$19.00Aug 21$0.45$0.55$0.451.22$19.55
$21.00$20.00Aug 21$0.65$0.35$0.650.54$20.35

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 12 found (best R:R 9.00, avg 1.79)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$18.00$19.00Aug 21$0.78$0.78$0.223.55$18.78
$19.00$20.00Aug 21$0.65$0.65$0.351.86$19.65
$21.00$22.00Aug 21$0.63$0.63$0.371.70$21.63
$20.00$21.00Jul 17$0.47$0.47$0.530.89$20.47
$17.00$18.00Jul 17$0.43$0.43$0.570.75$17.43
BULL PUT (4)
SellBuyExpiryCreditMax GainMax LossR:RBE
$23.00$22.00Jul 17$0.90$0.90$0.109.00$22.10
$21.00$20.00Aug 21$0.65$0.65$0.351.86$20.35
$20.00$19.00Aug 21$0.45$0.45$0.550.82$19.55
$19.00$18.00Aug 21$0.12$0.12$0.880.14$18.88

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 8 found (avg debit $0.89, cheapest $0.08)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$18.00Jul 17Aug 21$0.082364.6%59.3%
$19.00Jul 17Aug 21$0.55673.9%51.5%
$23.00Jul 17Aug 21$0.68994.7%58.2%
$17.00Jul 17Aug 21$0.772750.4%69.9%
$22.00Jul 17Aug 21$0.92575.9%55.0%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$21.00Jul 17Aug 21$1.27240.3%64.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 7 found (cheapest 1.99% of stock, avg 11.72%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$21.00Jul 17$0.03$0.38$0.41$20.59$21.411.99%
$22.00Jul 17$0.03$1.40$1.43$20.57$23.436.95%
$23.00Jul 17$0.05$2.30$2.35$20.65$25.3511.42%
$20.00Aug 21$1.80$1.00$2.80$17.20$22.8013.61%
$19.00Aug 21$2.45$0.55$3.00$16.00$22.0014.58%
$21.00Aug 21$1.58$1.65$3.23$17.77$24.2315.70%
$18.00Aug 21$3.23$0.43$3.66$14.34$21.6617.79%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 12 found (cheapest 4.28% of stock, avg 7.86%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$24.00$18.00Aug 21$0.45$0.43$0.88$17.12$24.88
$24.00$19.00Aug 21$0.45$0.55$1.00$18.00$25.00
$23.00$18.00Aug 21$0.73$0.43$1.16$16.84$24.16
$23.00$19.00Aug 21$0.73$0.55$1.28$17.72$24.28
$22.00$18.00Aug 21$0.95$0.43$1.38$16.62$23.38
$24.00$20.00Aug 21$0.45$1.00$1.45$18.55$25.45
$22.00$19.00Aug 21$0.95$0.55$1.50$17.50$23.50
$23.00$20.00Aug 21$0.73$1.00$1.73$18.27$24.73
$22.00$20.00Aug 21$0.95$1.00$1.95$18.05$23.95
$24.00$21.00Aug 21$0.45$1.65$2.10$18.90$26.10

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 7 found (best R:R 6.69, avg credit $0.59)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
20/2122/23Aug 21$0.87$0.136.69$20.13$22.87
18/1921/22Aug 21$0.75$0.253.00$18.25$21.75
19/2023/24Aug 21$0.73$0.272.70$19.27$23.73
19/2022/23Aug 21$0.67$0.332.03$19.33$22.67
18/1923/24Aug 21$0.40$0.600.67$18.60$23.40
18/1920/21Aug 21$0.34$0.660.52$18.66$20.34
18/1922/23Aug 21$0.34$0.660.52$18.66$22.34

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 8 found (best R:R 6.69, cheapest $0.13)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$18.00$19.00$20.00Aug 21$0.13$0.876.69
$17.00$18.00$19.00Aug 21$0.34$0.661.94
$21.00$22.00$23.00Aug 21$0.41$0.591.44
$19.00$20.00$21.00Aug 21$0.43$0.571.33
$20.00$21.00$22.00Jul 17$0.47$0.531.13
PUTS (2)
LowMidHighExpiryDebitMax GainR:R
$19.00$20.00$21.00Aug 21$0.20$0.804.00
$18.00$19.00$20.00Aug 21$0.33$0.672.03

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 12 found (best net $-0.07, 9 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$22.00$23.001:2Jul 17-$0.07$0.93
$23.00$24.001:2Aug 21-$0.17$0.83
$21.00$22.001:2Aug 21-$0.32$0.68
$22.00$23.001:2Aug 21-$0.51$0.49
$18.00$19.001:2Jul 17-$0.65$0.35
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$20.00$19.001:2Aug 21-$0.10$0.90
$19.00$18.001:2Aug 21-$0.31$0.69
$21.00$20.001:2Aug 21-$0.35$0.65
$23.00$22.001:2Jul 17-$0.50$0.50
$22.00$21.001:2Jul 17$0.64$0.36

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 3 found (best yield 5.10%, avg 3.00%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$21.00Aug 21$1.050.532.1%5.10%7.19%22754
$22.00Aug 21$0.600.417.0%2.92%9.87%10404
$24.00Aug 21$0.200.2416.7%0.97%17.65%1--

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 1,061
Total Puts 882
Put/Call Ratio 0.83
Net Difference 179

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 4,740
Total Puts 681
Average Put/Call Ratio 0.29
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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