PENN Entertainment (PENN) Options Chain

NASDAQ: PENNConsumer DiscretionaryHotels/ResortsUSD

15.76+0.04 (+0.25%)

At close: Oct 8, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Oct 16, 2026
Days to expiration: 8
Share price: $15.76
Put/call ratio (OI): 0.71
Put/call ratio (volume): 0.65
ATM implied volatility: 63.1%
Expected move: ±$1.47
Open interest (C / P): 5.82K / 4.14K

PENN options summary

The PENN options chain for the October 16, 2026 expiration lists 19 call and 21 put contracts, with 8 days until expiration. Open interest stands at 5,822 calls and 4,143 puts, a put/call ratio of 0.71, which is fairly balanced between calls and puts. At-the-money implied volatility near the $16.00 strike is 63.1%, which implies the market expects a move of about ±$1.47 (9.3%) in PENN Entertainment stock by expiration.

The most open interest sits at the $16.00 call (899 contracts) and the $15.00 put (2.02K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

PENN options chain · October 16, 2026

PENN calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
—	—	—	—	—	—	4.00	0.00	0.75	0.08	728.1%	2	4
—	—	—	—	—	—	5.00	0.00	0.75	0.12	616.4%	2	4
—	—	—	—	—	—	7.00	0.00	0.00	0.31	50.0%	—	0
—	—	—	—	—	—	8.00	0.00	0.55	0.14	357.8%	2	2
—	—	—	—	—	—	10.00	0.00	0.40	0.25	236.7%	50	50
—	—	—	—	—	—	11.00	0.00	0.65	0.38	228.1%	10	21
0	—	—	4.05	0.00	0.00	12.00	0.00	0.75	0.14	196.9%	1	57
3	1	478.5%	7.95	4.40	6.60	13.00	0.00	0.40	0.15	124.2%	5	35
625	26	111.7%	1.30	1.25	2.10	14.00	0.00	0.25	0.15	75.8%	3	264
551	11	52.5%	0.80	0.75	1.15	15.00	0.05	0.25	0.20	60.4%	9	2,017
PENN $15.76
899	62	49.0%	0.32	0.25	0.35	16.00	0.25	0.85	0.92	77.2%	3	834
305	9	50.6%	0.10	0.00	0.20	17.00	1.10	1.75	1.90	63.7%	1	251
764	3	78.9%	0.05	0.00	0.25	18.00	1.75	3.20	3.08	97.7%	1	121
375	24	114.5%	0.01	0.00	0.40	19.00	2.90	4.10	4.21	125.0%	1	24
597	1	84.4%	0.03	0.00	0.05	20.00	3.90	5.10	3.65	145.7%	11	62
657	1	98.4%	0.05	0.00	0.05	21.00	0.00	0.00	2.00	—	2	0
275	1	135.9%	0.15	0.00	0.15	22.00	2.80	4.50	2.67	—	1	242
265	1	220.3%	0.07	0.00	0.75	23.00	1.25	4.40	3.10	—	13	132
129	2	211.3%	1.08	0.00	0.50	24.00	2.15	5.30	3.80	—	4	22
237	5	145.3%	0.02	0.00	0.05	25.00	2.95	6.90	4.10	—	—	1
0	38	50.0%	0.05	0.00	0.00	26.00	8.30	10.80	6.15	297.7%	5	0
33	5	257.0%	0.45	0.00	0.55	27.00	—	—	—	—	—	—
61	2	218.0%	0.70	0.00	0.20	28.00	—	—	—	—	—	—
35	1	256.3%	0.11	0.00	0.30	30.00	—	—	—	—	—	—
11	1	332.4%	0.13	0.00	0.50	35.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the PENN put/call ratio?

For the October 16, 2026 expiration, the PENN put/call ratio based on open interest is 0.71 (4,143 puts vs 5,822 calls), and 0.65 based on today's volume. A ratio above 1 means more puts than calls.

What is PENN's implied volatility?

At-the-money implied volatility for PENN options expiring October 16, 2026 is about 63.1%, an annualized estimate of how much the market expects PENN Entertainment stock to move.

How many PENN option expiration dates are there?

PENN has 6 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.