2024.07.18
admiral casino.biz loginThat’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. The company’s last four quarterly reports featured just two upside surprises. compared to machines from the state’s two other VLT vendors. kansas city star casino mulvaneThey’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. compared to machines from the state’s two other VLT vendors. 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. tachi palace casino food viejas casino news todaysunset station hotel and casino movie theaterBryant University Professor of Economics Edi Tebaldi carried out the review, and concluded that IGT will generate 9.5 million in economic activity in the state this year.“IGT supports 2,445 jobs (direct, indirect and induced), produces 6.1 million in labor income, and generates 9.5 million in value for Rhode Island’s economy annually,” Tebaldi said. compared to machines from the state’s two other VLT vendors. While PENN doesn’t have a tradition of buoyant earnings updates, some analysts are enthusiastic about the stock over the long-term.Last week, researchblack bear casino smoke free 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.borgata casino chipsThat is less than half the 8 percent returned this year by Red Rock Resorts, Inc. “There’s upside call activity. Their competition, Scientific Games, has made considerably more investment,” Twin River opines.IGT naturally disagrees. morongo casino jobs available cache creek casino winnersyoutube slots brian christophercompared to machines from the state’s two other VLT vendors. 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. Bryant University Professor of Economics Edi Tebaldi carried out the review, and concluded that IGT will generate 9.5 million in economic activity in the state this year.“IGT supports 2,445 jobs (direct, indirect and induced), produces 6.1 million in labor income, and generates 9.5 million in value for Rhode Island’s economy annually,” Tebaldi said. Chicago Mayor Lori Lightfoot (D) is asking city residents through an online survey for their input on where a casino resort should be located and what amenities it should feature. “There’s upside call activity. 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. thunder valley casino and covid four winds casino free spins |