PENN Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: PENN's implied volatility is high (around 88.4%), indicating strong bullish sentiment and potential for upward price movement. Historical mean reversion suggests a bounce back toward recent highs.




Bearish Case: Despite recent bullish sentiment, PENN's history shows significant price drops due to volatility spikes. With uncertainties around market events, a downtrend could ensue, keeping prices under pressure.




Potential Outcomes:

1. Price rises above $23 (35% probability) due to increased demand from sports betting.

2. Stabilizes around $20 (40% probability) as earnings projections remain flat.

3. Falls below $18 (25% probability) driven by negative market sentiment and economic factors.




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October 29, 2024


Penn National Gaming Forecast

PENN        Penn National Gaming











Correlated Assets

Assets that tend to move strongly with PENN



AUPH Forecast + Options Trading Strategies   AUPH  Aurinia Pharmaceuticals (0.87)


ADBE Forecast + Options Trading Strategies   ADBE  Adobe (0.84)


RIVN Forecast + Options Trading Strategies   RIVN  Rivian Automotive (0.83)


EXTR Forecast + Options Trading Strategies   EXTR  Extreme Networks (0.82)


CHTR Forecast + Options Trading Strategies   CHTR  Charter Communications (0.8)



Uncorrelated Assets

Assets with little price relationship to PENN



NTR Forecast + Options Trading Strategies   NTR  Nutrien (0.0)


LUV Forecast + Options Trading Strategies   LUV  Southwest Airlines (-0.0)


ARE Forecast + Options Trading Strategies   ARE  Alexandria Real Estate (-0.0)


PSNL Forecast + Options Trading Strategies   PSNL  Personalis (0.0)


BEPC Forecast + Options Trading Strategies   BEPC  Brookfield Renewable (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against PENN



MPC Forecast + Options Trading Strategies   MPC  Marathon Petroleum (-0.77)


VLO Forecast + Options Trading Strategies   VLO  Valero Energy (-0.77)


SM Forecast + Options Trading Strategies   SM  SM Energy (-0.78)


ESTA Forecast + Options Trading Strategies   ESTA  Establishment Labs (-0.81)


APH Forecast + Options Trading Strategies   APH  Amphenol (-0.81)


PENN News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.










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