PENN Entertainment Inc. (PENN)
NASDAQ: PENN
· Real-Time Price · USD
18.52
-0.16 (-0.83%)
At close: Aug 19, 2025, 3:59 PM
18.46
-0.33%
Pre-market: Aug 20, 2025, 08:35 AM EDT
PENN Gamma Exposure By Expiry
The total Gamma Exposure (GEX) for PENN across all expirations is 156,191.08 shares per 1% move, with 217,915.61 from calls and 61,724.53 from puts. The put-call GEX ratio of 0.28 shows call-heavy positioning, potentially creating volatility as market makers hedge by selling into strength and buying weakness. The highest gamma concentration is at the Sep 19, 25 expiration with 84,604.28 net GEX, which may act as a magnet point for price action. Near-term exposure for Aug 22, 25 suggests potential support from positive gamma hedging flows.
PENN GEX Table
| Expiry Date | Call GEX | Put GEX | Net GEX | P/C GEX |
|---|---|---|---|---|
| Aug 22, 25 | 11,368.06 | -1,788.85 | 9,579.21 | 0.16 |
| Aug 29, 25 | 3,372.55 | -2,383.81 | 988.74 | 0.71 |
| Sep 5, 25 | 835.96 | -917.62 | -81.66 | 1.10 |
| Sep 12, 25 | 369.54 | -171.73 | 197.81 | 0.46 |
| Sep 19, 25 | 110,159.63 | -25,555.35 | 84,604.28 | 0.23 |
| Sep 26, 25 | 225.58 | -7,327.39 | -7,101.81 | 32.48 |
| Oct 17, 25 | 53,508.82 | -11,749.29 | 41,759.53 | 0.22 |
| Dec 19, 25 | 11,554.29 | -2,356.2 | 9,198.09 | 0.20 |
| Jan 16, 26 | 21,369.9 | -5,798.29 | 15,571.61 | 0.27 |
| Mar 20, 26 | 99.37 | -53.87 | 45.5 | 0.54 |
| Apr 17, 26 | 5.34 | -2.16 | 3.18 | 0.40 |
| Jun 18, 26 | 45.59 | -95.36 | -49.77 | 2.09 |
| Sep 18, 26 | 10.88 | -46.98 | -36.1 | 4.32 |
| Jan 15, 27 | 4,990.1 | -3,477.63 | 1,512.47 | 0.70 |