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: Apr 16, 2027
Days to expiration: 187
Share price: $15.48
Put/call ratio (OI): 0.59
Put/call ratio (volume): 3.13
ATM implied volatility: 57.5%
Expected move: ±$6.38
Open interest (C / P): 1.06K / 620

PENN options summary

The PENN options chain for the April 16, 2027 expiration lists 14 call and 11 put contracts, with 187 days until expiration. Open interest stands at 1,056 calls and 620 puts, a put/call ratio of 0.59, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $15.00 strike is 57.5%, which implies the market expects a move of about ±$6.38 (41.2%) in PENN Entertainment stock by expiration.

The most open interest sits at the $16.00 call (700 contracts) and the $14.00 put (228 contracts).

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

PENN options chain · April 16, 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
—	—	—	—	—	—	10.00	0.05	0.95	0.37	63.4%	1	1
—	—	—	—	—	—	11.00	0.05	1.05	0.70	55.2%	20	22
1	—	60.9%	3.75	3.60	5.40	12.00	0.05	1.25	0.80	68.0%	1	17
—	—	—	—	—	—	13.00	0.35	1.45	1.10	61.9%	2	14
2	—	60.7%	2.80	2.70	4.00	14.00	0.85	1.75	1.55	57.8%	96	228
129	3	58.9%	2.87	2.10	3.50	15.00	1.30	2.20	2.10	56.1%	85	162
PENN $15.48
700	1	54.7%	2.40	1.70	2.70	16.00	1.80	2.65	2.65	53.2%	23	36
41	1	51.6%	1.65	1.55	1.85	17.00	2.50	3.30	2.75	53.4%	5	31
28	5	56.3%	1.25	1.20	2.00	18.00	—	—	3.90	—	—	—
12	11	55.3%	1.07	0.95	1.65	19.00	4.10	4.50	4.50	47.6%	5	109
92	21	54.5%	1.05	0.70	1.40	20.00	—	—	—	—	—	—
6	1	56.6%	0.78	0.50	1.40	21.00	—	—	—	—	—	—
30	28	52.5%	0.45	0.15	1.15	22.00	—	—	—	—	—	—
4	3	53.9%	0.20	0.05	1.10	23.00	—	—	—	—	—	—
6	1	54.0%	0.40	0.05	0.90	24.00	—	—	—	—	—	—
4	—	50.2%	0.40	0.10	0.50	25.00	8.30	10.20	10.10	64.0%	—	0
1	1	58.2%	0.35	0.05	0.80	26.00	—	—	—	—	—	—

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 April 16, 2027 expiration, the PENN put/call ratio based on open interest is 0.59 (620 puts vs 1,056 calls), and 3.13 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 April 16, 2027 is about 57.5%, 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.