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  1. Home
  2. / Investing
  3. / Options

I Like the Setup for a Bearish Call Spread for Penn National Gaming

I'm not bearish PENN in the long-term, but shares are trading 50% above their 50-day simple moving average.
By TIMOTHY COLLINS
Sep 18, 2020 | 02:42 PM EDT
Stocks quotes in this article: PENN, DKNG
We know the gambling market will be huge, but it seems a market where the barrier to entry include finding a partner and some savvy marketingI expect to see Robinhood style of apps becoming commonplace over the next few yearsWith so few publicly traded sports books and iGaming companies, it seems every day the group is climbing by 3% to 5%. At som...
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