25 may be a good entry point for PENN. Became way overbought during the casino rally and is finally correcting. Should see a bounce off the daily trend line which is also a support zone from Dec-January. This also may be around the time we get more confirmation on sports opening up and potential Barstool Gambling info.
I currently own July expiration 30 puts and plan to start a long position around 25 if this is confirmed.
Note: I don't know what I am talking about, so do your own due diligence and good luck.
I currently own July expiration 30 puts and plan to start a long position around 25 if this is confirmed.
Note: I don't know what I am talking about, so do your own due diligence and good luck.