Consumer Discretionary · Meme Stocks
PENN Implied Volatility, IV Rank & Options Chain
Penn Entertainment Inc. (PENN) options data: IV rank, options chain, GEX and Greeks. Comprehensive options market data for Penn Entertainment Inc.
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PENN options trade with implied volatility typically in the 40% - 85% range, averaging N/A in daily volume with good liquidity. Next earnings: See earnings calendar. Weekly options and LEAPS are available.
PENN implied volatility
As of 2026-10-26As of 2026-10-26, PENN's 30-day implied volatility is 59.7%, placing its 1-year IV percentile at 92.0 — above 92.0% of the past year's daily IV readings, an elevated, premium-selling regime favoring credit spreads, iron condors and short strangles.
PENN live chain, Greeks and GEX
TerminalEvery figure above is reference data. The live PENN chain, its Greeks, the gamma profile and the flow tape update through the session inside the Terminal.
PENN options at a glance
- Daily volume
- N/A
- IV range
- 40% - 85%
- Bid-ask spread
- N/A
- Expirations
- Weekly, monthly, LEAPS
- Open interest
- N/A
- Next earnings
- See earnings calendar
About Penn Entertainment Inc. (PENN)
Penn Entertainment operates casinos and online gaming through its ESPN Bet partnership. The company bridges traditional gaming with digital sports betting platforms.
Company profile
- Sector
- Consumer Discretionary
- Industry
- Gambling
- Market cap
- $3B+
- Exchange
- NASDAQ
Key dates
- Next earnings
- See earnings calendar
- Earnings frequency
- Quarterly
- Dividend schedule
- See company page
- Fiscal year end
- December
Penn Entertainment Inc. operates in the Consumer Discretionary sector.
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Options analytics, live.
Chains, IV rank, expected move and dealer positioning for 5,500+ US stocks and ETFs.
- Live chains and Greeks
- IV rank and percentile
- Expected move and GEX
- Screener and strategy P&L
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PENN options market overview
PENN options provide good liquidity for options traders.
- Average daily volume
- N/A
- Total open interest
- N/A
- Put/call ratio
- N/A
- Typical ATM spread
- N/A
- Weekly options
- Available
- LEAPS available
- Yes
Liquidity assessment: Good
PENN options are available for trading across multiple expirations.
PENN implied volatility and IV rank
PENN implied volatility is highly elevated due to its speculative nature and retail trading activity. IV can spike dramatically during social media-driven rallies.
Earnings impact
IV typically expands before earnings and contracts after the announcement.
The post-earnings volatility drop is known as IV crush. Holders of short PENN options should also understand early assignment risk around dividends and expiration.
Historical volatility vs IV
PENN IV generally trades near historical volatility, with premiums expanding around earnings.
Term structure
Typically upward sloping under normal conditions.
The smile, the term structure and the cone for PENN, on today's chain.
Open PENN in IV IntelligencePENN gamma exposure (GEX)
Gamma Exposure analysis for PENN reveals dealer hedging dynamics at key strike levels.
- Typical GEX profile. PENN tends to operate in a positive gamma environment during normal conditions.
- Key levels.
- Dealer hedging.
Where the gamma sits on PENN right now, strike by strike.
See live PENN GEXCommon PENN options strategies
These are strategies commonly used by traders on PENN options, based on typical market characteristics. This is not investment advice.
Key considerations for PENN options
- PENN options liquidity varies by expiration - prefer near-term and monthly expirations for tighter spreads
- Monitor earnings dates for IV expansion/contraction patterns
- Consider the stock's beta when sizing positions
PENN key events
Earnings months. January, April, July, October
PENN options data by API, or in Claude
Every number on this page is one request away. The implied volatility API returns PENN's IV rank and percentile, the gamma exposure API its dealer positioning by strike, and the chain API every strike with Greeks. Connected to the ApexVol MCP server, Claude, Cursor or ChatGPT can ask for them in plain English.
curl -H "Authorization: Bearer avmcp_YOUR_TOKEN" \
"https://apexvol.com/api/mcp/data/iv-rank/PENN"What is PENN's IV rank right now, and where is its gamma flip?
Claude calls get_iv_rank and get_gexTry GEX on PENN in the console, more prompts for PENN, or set the server up in Claude Desktop, Claude Code, Cursor or ChatGPT.
- Written by
- ApexVol Research Team
Quantitative options research. All calculations use live institutional-grade data — the same source professional volatility desks use. - Reviewed by
- Ryan Silk, ApexVol Founder
Reviewed for technical accuracy. 10+ years trading options; built ApexVol's pricing engine, Greeks model and IV-rank methodology.
Revised as market conditions and institutional data change. Last revised 2026-10-26. How we research →
Track this name's volatility weekly. The week's biggest IV movers and the expected earnings moves, straight from the data.
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Questions
Frequently asked
about PENN options.
What is PENN's typical implied volatility?
PENN implied volatility typically ranges from 40% - 85%.
Does PENN have weekly options?
PENN offers weekly options.
What is PENN's options trading profile?
PENN (Penn Entertainment Inc.) options trade with good liquidity, averaging N/A in daily volume, typical bid-ask spreads of N/A. Implied volatility typically falls in the 40% - 85% range. The position sits in the Consumer Discretionary category for portfolio diversification and options strategy design.
How does PENN implied volatility behave around earnings?
IV typically expands before earnings and contracts after the announcement. Next scheduled earnings: See earnings calendar. Traders often size short premium positions for the post-earnings IV crush, while long premium buyers should be aware that the IV decline can outweigh small directional moves.
What options strategies work well on PENN?
Popular strategies on PENN options include Covered Calls, Vertical Spreads, Iron Condors. Strategy selection depends on the current IV environment versus the 40% - 85% typical range, days to next earnings, and the trader's directional outlook. Higher IV regimes favour premium-selling strategies; lower IV regimes favour directional debit spreads or long premium plays.
What is PENN's gamma exposure (GEX)?
Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence PENN's intraday price action. PENN tends to operate in a positive gamma environment during normal conditions. Positive GEX tends to dampen volatility and create mean-reverting moves, while negative GEX can amplify swings. View live PENN GEX levels and the gamma-flip point on ApexVol.
What is PENN's IV rank?
PENN's IV rank shows where PENN's current implied volatility sits within its trailing 1-year range, scored 0–100. A reading near 100 means IV is near its yearly high — options are relatively expensive, which favors premium-selling strategies like credit spreads and iron condors. A reading near 0 means IV is near its yearly low, favoring premium-buying. PENN implied volatility typically ranges from 40% - 85%. Check PENN's live IV rank and percentile on ApexVol's IV analytics.
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