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Message
re: $PENN at $14 right now
Posted on 3/24/20 at 1:08 pm to EarlyCuyler3
Posted on 3/24/20 at 1:08 pm to EarlyCuyler3
quote:
I really want to buy puts against this stock but the IV is insane. How is this company worth anything with the shutdown? It was skyrocketing before the fed began pumping.
Barstool can still generate revenue for them which a lot of other casino stocks can't say but yes I have a hard time seeing how any revenue from sports/gambling is generated anytime soon. Casinos may be able to open late April/May but large sports events are not happening anytime soon.
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