What move does the options market price into PENN Entertainment's report?

Implied ±9.0%, either direction.

PENNNasdaqHotels & Motels

PENN Entertainment, Inc. (PENN) earnings date, market-implied expected move, and options open interest by expiry

16.92

+1.03 · +6.48%

Regular session14:43 ET

Open17.30Volume3.8MMkt cap$2.1BEPS-6.21

Day16.92 – 17.300%52-wk11.65 – 22.3649%

PENN

PENN Entertainment, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±9.0%implied · report alone

8Q avg ±6.9%·×1.31·rich

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

Next report

Nov 5

before open · in 3 days

est.Q3 FY26

Calendar

Next report

Last report

+2.60%

vs ±13.1% implied · ×0.20

shaded = implied · ▲▼ = realized

Aug 6 '26 · confirmed

Implied vs realized

Linked news

1hAAPL · customerApple reports after the bell. Options traders expect a big move
1dGOOGL · customerWhy AI is boosting Meta's ad business while hurting Google search
3dGLPI · supplierGaming & Leisure Properties posts third-quarter revenue $435.4 million, AFFO $311.7 million

News

Largest filed tie

13F top-10 QoQ

+21.28%

shares held · 10 largest managers

13F · Jun 30 '26125d lag

381 managers

Top fund weight

0.09%

PENN weight · IWM

N-PORTJun 30 '26

4 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

PENN Entertainment (PENN) is expected to report on Nov 5 before open (estimated date).

Implied vs realized

8 reports

—≥ implied

Nov 7 '24Nov 7 '24confirmed—▲+5.15%—

Feb 27 '25Feb 27 '25confirmed—▼−0.10%—

May 8 '25May 8 '25confirmed—▼−2.67%—

Aug 7 '25Aug 7 '25confirmed—▼−0.59%—

Q3 FY25Nov 6 '25confirmed—▼−10.40%—

Feb 26 '26Feb 26 '26confirmed—▲+16.75%—

Q1 FY26Apr 23 '26confirmed—▲+16.86%—

Q2 FY26Aug 6 '26confirmed±13.1%▲+2.60%×0.20

quarterimplied−20%0+20%realized×

Q2 FY26±13.1%▲+2.60%×0.20

Q1 FY26—▲+16.86%

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

Implied vs realized

Positioning

OI · 4 expiries · Oct 30 close

0.35OI · 4 expiries · Oct 30 closeP/C open interest · Nov 20 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

1,487+9%Nov 2018d4,244+32%

122+4%Dec 1846d1.12109+28%1.12

7,2420%Jan 1574d0.4416,544+3%0.44

854+3%Apr 16165d0.741,1540%0.74

ExpiryPutsCallsP/C

Nov 2018d1,487+9%4,244+32%0.35

Dec 1846d122+4%109+28%1.12

Jan 1574d7,2420%16,544+3%0.44

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±10.0%

Funds 4

IWM±0.0%

UWM±0.0%

VTI±0.0%

VT±0.0%

Suppliers 3

SHAK±3.3%×0.33

GLPI±1.1%×0.11

VICI±1.1%

Customers 1

AAPL±1.6%×0.15

Dashed = straddle · × = co-movement · max 500dMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

1.76%as filednet margin · revenue +4.40% QoQ · +5.24% YoY

Revenue

$1.9B+4.40% QoQ

Gross profit

$691M+7.59% QoQ

37.18% margin

Operating income

$132M+35.63% QoQ

7.09% margin

Pre-tax income

$40M+572.88% QoQ

Net income

$33M+1264.29% QoQ

1.76% margin

Cost of revenue

$1.2B+2.60% QoQ

Operating expenses

$559M+2.59% QoQ

SG&A $441M

Depreciation $118M

Other expense

$92M

Tax

$7M−18.39% QoQ

Revenue$1.9B+4.40%

Gross profit

$691M+7.59%

37.18% margin

Operating income

$132M+35.63%

7.09% margin

Pre-tax income

$40M+572.88%

Net income

$33M+1264.29%

1.76% margin

Cost of revenue

$1.2B+2.60%

Operating expenses

$559M+2.59%

SG&A $441M

Depreciation $118M

Other expense

$92M

Tax$7M−18.39%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 14:30 ET

Intraday

Event sensitivity

CPI ×1.22· ±2.9% vs ±2.4% · 10 releases

eventrelease day|move|up · n×base

CPIconsumer prices±2.9%5 of 10×1.22

FOMCrate decision±2.3%12 of 24×0.94

PPIproducer prices±2.1%4 of 10×0.86

PCEpersonal income & outlays±2.1%10 of 19×0.86

NFPjobs report±1.9%4 of 10×0.79

GDPgross domestic product±1.8%8 of 19×0.76

CPROFcorporate profits±1.8%8 of 12×0.76

Bar = avg |move| to ±3% · tick = ±2.4% avg day · ×base = |move| ÷ ±2.4% · min 6 releases

Earnings history

EPS 0.24 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 6 '26 · confirmed	0.24	—
Q1 FY26	Apr 23 '26 · confirmed	-0.02	—
Q3 FY25	Nov 6 '25 · confirmed	-6.03	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod