PENN Entertainment Inc
PENN Entertainment Inc (PENN) Expected Move
PENN expected move through Oct 16, 2026 is 9.5%, with 24 days to expiration. The implied range is $14.59 to $17.67, based on the previous trading day's options prices.
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Tracking the PENN expected move helps you see how far PENN Entertainment Inc's options market is pricing the stock to travel over a given period — whether that's the next day, week, or earnings cycle. PENN Entertainment Inc's expected move is derived directly from option premiums and gives you an objective range to plan trades, set strikes, and manage risk. Use our scanner to monitor the PENN expected move for this week's options, in real time.
The expected move is typically calculated from at-the-money straddle prices (or a blend of straddles and strangles) and represents roughly a one-standard-deviation range over the chosen timeframe. For PENN, comparing the implied expected move to actual realized moves over similar windows tells you whether the options market has historically overestimated or underestimated volatility. The PENN expected move for this week's options pricing is especially useful for short-dated traders, earnings players, and anyone selling premium who needs to know where the market thinks PENN Entertainment Inc is unlikely to go.
PENN Entertainment, Inc., together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences in North America. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates 44 properties in 20 states; online sports betting in 13 jurisdictions; and iCasino in five under a portfolio of brands, including Hollywood Casino, L'Auberge, Barstool Sportsbook, and theScore Bet. The company was formerly known as Penn National Gaming, Inc. and changed its name to PENN Entertainment, Inc. in August 2022. PENN Entertainment, Inc.
was founded in 1972 and is based in Wyomissing, Pennsylvania.
Iron condors, weekly premium sales, directional swing trades — they all live or die by where the market thinks the stock won't go. Our scanner tracks the PENN expected move across every expiration, benchmarks it against realized moves, and shows you when implied ranges are out of line with history. The PENN Entertainment Inc expected move for this week's options is the fastest read on short-term risk, which gives you a quick way to interpret what the options market thinks about PENN.
PENN Price
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| Expiration | DTE | Expected move (USD) | Expected move (%) | Upper price | Lower price |
|---|---|---|---|---|---|
| Oct 16, 2026 | 24 | $1.54 | 9.5% | $17.67 | $14.59 |
| Nov 20, 2026 | 59 | $2.59 | 16.0% | $18.72 | $13.54 |
| Jan 15, 2027 | 115 | $3.21 | 19.9% | $19.34 | $12.92 |
| Apr 16, 2027 | 206 | $4.54 | 28.1% | $20.67 | $11.59 |
As of September 18, 2026
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