Penn Entertainment (PENN) shares of the gaming company are curling up from a very tightly coiled wedge formed the past month and this week held a test of the lower monthly value support near 18.50 as it now looks poised to breakout above 20 ahead of its earnings report coming next month on 11/7. PENN has seen massive bullish bets in the options market recently accumulated with 20,000 April $20/$27.50 call spreads bought on 10/9 as well as over 10,000 January $17.50 short puts sold to open at $1.50 to $1.60. PENN also saw insider buying in early September from 3 different insiders buying stock near $18.40 including the CEO who purchased $1 million worth.