Penn Entertainment's stock ($PENN) saw significant activity, with a notable 9% rise following unusual options trading. The stock was halted after an 8% increase earlier in the day. Speculation suggests that the surge in trading activity and stock price may be linked to potential acquisition news involving Disney ($DIS). Traders opened new trades in large volumes, which is uncommon for $PENN, indicating a possible major development. Additionally, there was a size debit spread observed, further highlighting the unusual trading patterns.
There’s something cooking with $PENN stock and $DIS will be the main dish https://t.co/JDcv1rOvGL
Nothing to see here. Just Penn, $PENN option traders OPENING new trades RIGHT BEFORE potential acquisition news, causing the stock to rise 9%. You can see $PENN gets general little options activity, but for some reason traders opened new traders in SIZE today (the most they've… https://t.co/mp5LhXzQD5
$PENN Sweeper lucky timing no doubt.. https://t.co/1oENLdnPY7 https://t.co/WL68rJAYzR
$PENN +8% Halted
$PENN SIZE DEBIT SPREAD 🎰 https://t.co/q0AE9RLifc