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lroman90
Jun 10, 2020 10:13 PM

Should See 25ish soon. Short

PENN Entertainment, Inc.NASDAQ

Description

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.
Comments
Ed_NY
what do you think about bounce back up?
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