Notable Put Options Activity in Penn National Gaming

Shares of Penn National Gaming (NASDAQ: PENN) are higher on the session by 0.23%, currently trading at $39.94. The stock has been moving largely higher over the past three weeks and is currently trading above the 50-day moving average.

Options traders are focusing on puts today. A short while ago the October 2011 $37 put traded 1,400 times on open interest of 41 contracts.

Put volume is dominating call volume 30 to 1.

Penn National Gaming, Inc. is a diversified, multi-jurisdictional owner and manager of gaming and pari-mutuel properties.