384 contracts traded for PENN $120 strike calls for expiration 01/20/23 with open interest of (606) when the shares were trading at 56.74.
PENN $120 strike calls for 01/20/23 expiration
Option Flow Order Summary
- Size: 384
- Sentiment: BEARISH
- Estimated Cost Per Contract: 119,078.40
- Estimated Premium Value: $119K
- Volume: 384
- Open Interest: 606
- Contract Close Price: 58.25
- Stock Price at Trade: 56.74
- Market Action Score: 73.33% Bearish
Why is this an Unusual Option Activity?
- The order flow was detected as a sweep.
Stock Technical Information
- Stock Levels: Last Close: 58.25 , Points Change: -1.51, % Change: ⬇️ -2.59%
- Today’s Volume: 3.31M (10 Days average: 8.97M)
Price Levels to consider for tomorrow:
- Resistance 2: 59.80
- Resistance 1: 59.29
- Pivot Point: 58.54
- Support 1: 57.51
- Support 2: 57.13
- Stock is below 10 SMA: 63.05
- Stock is below 20 SMA: 69.25
- Stock is below 50 SMA: 73.31
- Stock is below 100 SMA: 72.91
- 52 Week High: 142
Stock chart for PENN (1 day)
How is options trade sentiment calculated?
Bullish: Options trades are considered having a “bullish sentiment” when a “call option” is purchased at/near ask price or a “put option” is sold at/near bid price. The buyer or seller of the options is expecting the option, or any financial instrument, will increase in price.
Bearish: Options are “bearish sentiment” when a call option is sold at/near bid price or a put option is bought at/near ask price. The buyer or seller of the options is expecting the option, or any financial instrument, will decrease in price.
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