PENN Entertainment (PENN) Options Chain

NASDAQ: PENNConsumer DiscretionaryHotels/ResortsUSD

15.48-0.28 (-1.78%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Jan 15, 2027
Days to expiration: 96
Share price: $15.48
Put/call ratio (OI): 0.46
Put/call ratio (volume): 10.28
ATM implied volatility: 55.3%
Expected move: ±$4.39
Open interest (C / P): 15.78K / 7.20K

PENN options summary

The PENN options chain for the January 15, 2027 expiration lists 21 call and 20 put contracts, with 96 days until expiration. Open interest stands at 15,775 calls and 7,197 puts, a put/call ratio of 0.46, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $15.00 strike is 55.3%, which implies the market expects a move of about ±$4.39 (28.3%) in PENN Entertainment stock by expiration.

The most open interest sits at the $20.00 call (2.51K contracts) and the $15.00 put (2.24K contracts).

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

PENN options chain · January 15, 2027

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
2	2	—	17.30	17.10	17.75	2.50	0.00	0.05	0.03	162.5%	1	2
0	5	—	15.50	0.00	0.00	5.00	0.00	0.75	0.05	175.4%	1	2
3	8	210.2%	9.25	5.65	9.60	7.50	0.00	0.75	0.31	119.1%	1	185
0	1	—	9.28	0.00	0.00	10.00	0.00	0.75	0.13	79.9%	2	1,819
11	10	80.7%	5.10	4.50	5.70	11.00	0.05	0.75	0.30	68.3%	2	14
914	1	73.0%	3.25	3.30	4.50	12.50	0.30	0.50	0.45	54.5%	1	400
45	30	65.4%	2.22	2.20	3.40	14.00	0.85	1.05	0.85	52.3%	2	266
1,686	71	60.1%	1.40	1.75	2.50	15.00	1.20	1.50	1.05	50.5%	1,410	2,244
PENN $15.48
858	50	53.4%	1.65	1.15	1.80	16.00	1.75	2.05	2.10	50.4%	3	586
1,037	4	54.4%	0.95	0.85	1.15	17.50	2.20	3.10	2.40	57.0%	13	624
1,466	78	52.5%	0.65	0.50	0.70	19.00	3.00	4.20	2.50	55.6%	17	189
2,513	3	50.9%	0.40	0.25	0.55	20.00	3.60	5.00	4.79	54.4%	6	173
481	1	56.6%	0.30	0.05	0.75	21.00	0.00	0.00	3.10	—	22	0
1,787	25	54.7%	0.13	0.05	0.40	22.50	6.00	7.50	7.09	68.3%	1,993	692
88	20	53.5%	0.13	0.00	0.25	24.00	4.10	5.60	4.42	—	—	1
1,863	10	54.7%	0.09	0.00	0.10	25.00	8.40	10.10	9.16	84.6%	1	0
358	5	59.6%	0.05	0.00	0.15	27.50	10.40	12.80	10.02	103.9%	1	0
1,215	5	92.2%	0.05	0.00	0.75	30.00	15.05	15.95	15.87	121.6%	10	0
162	4	99.7%	0.10	0.00	0.75	32.50	14.80	16.10	12.50	—	—	0
901	1	67.2%	0.03	0.00	0.05	35.00	0.00	0.00	16.85	—	10	0
385	6	78.9%	0.08	0.00	0.10	37.50	—	—	—	—	—	—

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 January 15, 2027 expiration, the PENN put/call ratio based on open interest is 0.46 (7,197 puts vs 15,775 calls), and 10.28 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 January 15, 2027 is about 55.3%, 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.