mohegan sun casino bingoTraders 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. The company’s last four quarterly reports featured just two upside surprises. They’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 perblack bear casino smoke freecent 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. vegas casino beside the bellagio nyt crobwordMore than 1,800 of their machines are more than a decade old. The company’s last four quarterly reports featured just two upside surprises. (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. fanduel casino wv app

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