PENN as of Oct 31 · 16:11 ET

PENNNasdaqHotels & Motels

PENN Entertainment, Inc. · Brief

Next report

5 days

Nov 5 · before openest.Q3 FY26

Earnings

Expected move

Inputs

±9.0%implied · report alone

14.4617.32

straddle ±10.0%

spot 15.89exp Nov 20ATM strike 16ATM straddle 1.88IV 61%

Oct 30 closereport share · term structure

Expected move

Inputs

Implied vs realized

8 reportsHistory

—≥ implied

Nov 7 '24—▲+5.15%—

Feb 27 '25—▼−0.10%—

May 8 '25—▼−2.67%—

Aug 7 '25—▼−0.59%—

Q3 FY25—▼−10.40%—

Feb 26 '26—▲+16.75%—

Q1 FY26—▲+16.86%—

Q2 FY26±13.1%▲+2.60%×0.20

quarterimplied−20%0+20%realized×

Q2 FY26±13.1%▲+2.60%×0.20

Q1 FY26—▲+16.86%—

Feb '26—▲+16.75%—

Q3 FY25—▼−10.40%—

Aug '25—▼−0.59%—

May '25—▼−2.67%—

2 older reports

Feb '25—▼−0.10%—

Nov '24—▲+5.15%—

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Bull & bear

Nov 5 report · est.

Bull1

9disclosed supplier and customer ties in SEC filings across the networkSEC filings

Bear1

8 of 24largest reporting managers cut their stake in the latest quarter13F · Jun 30 '26

AI captions · Sep 16 '26once per report · top 2 per case

Linked exposure

PENN report session

Suppliers 3

SHAKShake Shack×0.33 GLPIGaming and Leisure Properties, Inc. (Nasdaq: GLPI) ("GLPI"), a real estate investment trust ("REIT")×0.11 VICIVICI Properties, Inc. (NYSE: VICI) ("VICI")×0.11

Customers 1

AAPLApple App Store×0.15

× = co-movement · max 500dSource: SEC filings · market data

Latest changes

30 daysAll changes

Oct 22impliedImplied move: ±10.1% into Nov 5 earnings (Oct 22 close).Source

Your note

privateThesis 0 · Decisions 0 · Observations 0

No thesis.