Penn National Gaming Inc (PENN) Options

15.64 ↑0.35 (2.29%)

As of December 31, 1969, 7:00pm EST.

PENN Max Pain

The max pain for PENN on May 16th, 2025 is $13.

Penn National Gaming is currently $15.64 which is 20.31% higher than its max pain. According to the max pain theory, Penn National Gaming will likely gravitate lower closer to $13 by May 16th.

Outlook: Negative

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PENN Max Pain Distribution Chart

Option Chain

The option chain for Penn National Gaming on May 16th.

Calls

Strike	Last Price	Breakeven	Bid	Ask	Volume	Open Interest	IV	Delta	Gamma	Theta	Vega	Theoretical Value
2.5	20.3	45.78%	16.9	19	0	0	0	0	0	0	0	0
5	20.08	60.36%	14.4	16.3	0	0	946.75	0.9581	0.0037	-0.1739	0.0022	15.35
7.5	16.83	55.56%	11.9	13.9	0	12	701.21	0.9354	0.0071	-0.1826	0.0032	12.9
10	7.95	14.77%	9.4	10.8	0	16	441.93	0.9297	0.012	-0.1227	0.0034	10.1
12.5	7.1	25.32%	7.1	7.3	600	99	235.63	0.9504	0.0172	-0.049	0.0026	7.3
15	5.16	28.90%	4.6	4.8	1	557	116.71	0.9706	0.0227	-0.0153	0.0017	4.7
17.5	2.1	25.32%	2.15	2.55	1262	344	92.02	0.8524	0.0993	-0.0436	0.0058	2.35
20	0.45	30.75%	0.25	0.7	2976	554	59.49	0.4268	0.2614	-0.0486	0.0099	0.45
22.5	0.08	44.37%	0	0.15	13	673	76.48	0.0925	0.0859	-0.0265	0.0042	0.08
25	0.05	60.17%	0	0.05	3	1073	107.36	0.0469	0.0362	-0.0221	0.0025	0.05
30	0.19	93.03%	0	0.1	0	1448	168.51	0.0323	0.017	-0.0256	0.0018	0.05
35	0.03	123.98%	0	0.05	0	1207	196.6	0.0153	0.0078	-0.0159	0.001	0.03

Puts

Strike	Last Price	Breakeven	Bid	Ask	Volume	Open Interest	IV	Delta	Gamma	Theta	Vega	Theoretical Value
2.5	0	N/A	0	0.75	0	0	1207.57	-0.0176	0.0014	-0.11	0.0011	0.38
5	0	N/A	0	0.75	0	0	790.62	-0.0316	0.0036	-0.1179	0.0018	0.38
7.5	0	N/A	0	0.75	0	0	571.9	-0.0463	0.0067	-0.1166	0.0024	0.38
10	0.16	-35.04%	0	0.25	0	203	324.14	-0.0332	0.0091	-0.0505	0.0019	0.13
12.5	0.18	-18.93%	0	0.05	0	72	171.75	-0.0151	0.0088	-0.0138	0.001	0.03
15	0.05	-3.77%	0	0.1	2	1406	124.26	-0.0376	0.0261	-0.0214	0.0021	0.05
17.5	0.15	12.85%	0.05	0.1	24	594	69.78	-0.0888	0.0913	-0.0237	0.0041	0.08
20	0.75	32.67%	0.75	1	19	298	55.88	-0.579	0.2772	-0.0464	0.0099	0.75
22.5	4	69.44%	2.7	3.8	0	140	130.22	-0.7646	0.0934	-0.0844	0.0077	3.25
25	10.35	126.02%	5.2	6.1	0	35	168.08	-0.8421	0.0567	-0.0851	0.0061	5.65
30	12.1	169.18%	10	11.6	0	0	273.82	-0.8473	0.0341	-0.1351	0.0059	10.8
35	0	N/A	15.1	17	0	0	379.35	-0.8264	0.0267	-0.2031	0.0064	16.05