downstream casino new years eveThat’s not a long road for shares of Penn National to travel because the stock trades around .60 at this writing.The August calls by far had the biggest uptick in volume today of PENN options. That is less than half the 8 percent returned this year by Red Rock Resorts, Inc. (NYSE:BYD).This one is one (Penn National) that some of the smaller gaming companies have had a lot of love lately,” said options trader Jon Najarian on CNBC earlier today. online casino visa gift card(NASDAQ:RRR) and a mere fraction of the almost 30 percent gained by Boyd Gaming Corp. Turnover in the , , and calls also set to expire this month, totaled just 969 contracts with an hour left in the session, according to Nasdaq data.Further confirming that traders are enthusiastic on PENN, at least over the short-term, there was no accompanying unusual activity in put options on the stock. That is less than half the 8 percent returned this year by Red Rock Resorts, Inc. hollywood casino pa online poker

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coushatta casino steakhouseThey’re (traders) buying August calls here.”Options market data suggest traders are wagering shares of Penn National are poised to snap out of those doldrums and bets on the operator of casinos under the Ameristar and Hollywood brands come after the stock surged 8.6 perbrian christopher slots familycent last week.Bullish Buying With about an hour left in Monday’s trading session, the August Penn National calls, the options mentioned above, had a volume of nearly 13,000 contracts, meaning buyers of those contracts are betting the stock moves above before the options expire on Aug. (Image: Booking.com)Entering Monday, Penn National was one of the worst-performing stocks in the regional gaming space with a year-to-date gain of just 3.5 percent. Traders buy call options to express a positive view on a stock while put options are employed to bet that the underlying equity will decline.Penn National, the operator of the Greektown Casino in Detroit, is expected to post earnings of 34 cents a share for the quarter ending June 30, down from 57 cents a year earlier.Analyst Chatter Over the past month, analysts revised profit estimates on Penn National higher by nearly 2 percent. black lotus asia casinoAhead of Penn National Gaming, Inc.’s (NASDAQ:PENN) second-quarter earnings report due out Thursday before the US markets open, options traders piled into the name Monday, making decidedly upside wagers on the regional gaming company. He adds that tax revenues total nearly million annually for state and local governments.Rhode Island businessman and philanthropist billionaire Alan Hassenfeld – the former chairman and CEO of his family’s Pawtucket-based Hasbro toys – is offering to pay for an independent review regarding the IGT contract extension.“I have no skin in the game with IGT or Twin River,” Hassenfeld told the Journal. That is less than half the 8 percent returned this year by Red Rock Resorts, Inc. ruby slots 100 free spins plentiful treasure

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free slots play as guestAhead of Penn National Gaming, Inc.’s (NASDAQ:PENN) second-quarter earnings report due out Thursday before the US markets open, options traders piled into the name Monday, making decidedly upside wagers on the regional gaming company. The company’s last four quarterly reports featured just two upside surprises. Ahead of Penn National Gaming, Inc.’s (NASDAQ:PENN) second-quarter earnings report due out Thursday before the US markets open, options traders piled into the name Monday, making decidedly upside wagers on the regional gaming company. The company’s last four quarterly reports featured just two upside surprises. Traders buy call options to express a positive view on a stock while put options are employed to bet that the underlying equity will decline.Penn National, the operator of the Greektown Casino in Detroit, is expected to post earnings of 34 cents a share for the quarter ending June 30, down from 57 cents a year earlier.Analyst Chatter Over the past month, analysts revised profit estimates on Penn National higher by nearly 2 percent. While PENN doesn’t have a tradition of buoyant earnings updates, some analysts are enthusiastic about the stock over the long-term.Last week, researchbrian christopher slots family firm Susquehanna initiated coverage of the casino operator with a “positive” rating, the equivalent of a “buy” and a price target, implying upside of more than 25 percent from Monday’s closing price.caesars casino merger