PENN Forecast + Trading Strategies


Bullish Case: Given mean reversion tendencies and a flat term structure, PENN exhibits a 21.8% gain over 90 days, implying resilient upward momentum despite volatility discrepancies.


Bearish Case: Implied volatility and historical downside patterns suggest potential downside risks, especially with turbulence around 19.50 put volume and recent trading, down 22.9% year over year.


Potential Outcomes:

1) Stability: 40% (mean reversion)

2) Moderate gain: 30% (upside premium)

3) Substantial drop: 30% (turbulence and volatility spikes). These are probabilistic predictions calibrated from recent patterns.


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July 16, 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 (0.89)


PTON Forecast + Options Trading Strategies   PTON  Peloton Interactive (0.88)


AVXL Forecast + Options Trading Strategies   AVXL  Anavex Life Sciences (0.88)


AMWL Forecast + Options Trading Strategies   AMWL  American Well (0.87)


NOVA Forecast + Options Trading Strategies   NOVA  Sunnova Energy International (0.87)



Uncorrelated Assets

Assets with little price relationship to PENN



ABT Forecast + Options Trading Strategies   ABT  Abbott Laboratories (0.0)


PATH Forecast + Options Trading Strategies   PATH  UiPath (0.0)


JOE Forecast + Options Trading Strategies   JOE  St. Joe (0.0)


BSY Forecast + Options Trading Strategies   BSY  Bentley Systems (-0.0)


KWEB Forecast + Options Trading Strategies   KWEB  KraneShares CSI China Internet (0.01)



Anticorrelated Assets

Assets that tend to move strongly against PENN



FANG Forecast + Options Trading Strategies   FANG  Diamondback Energy (-0.82)


TDW Forecast + Options Trading Strategies   TDW  Tidewater Inc. - New (-0.82)


HQY Forecast + Options Trading Strategies   HQY  Healthequity (-0.83)


ORN Forecast + Options Trading Strategies   ORN  Orion (-0.83)


YCS Forecast + Options Trading Strategies   YCS  ProShares UltraShort Yen (-0.85)





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