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"Expect Our Market Share To Bump Up In The First Few Weeks Of NFL Season""Audience Is ~3M Users In US. Wants To Transfer That Audience Over To @barstoolsports"EXCLUSIVE: $PENN CEO Jay Snowden Notes @theScoreEpisode Summary:A record options expiration todayA huge ETF merger? IVZ STTLCID stock continues to rallyGuests:Penn National Gaming CEO Jay Snowden 28:00https://www.pngaming.com/Penn National Gaming, North America’s largest regional gaming operator, is a highly innovative provider of retail and online gaming, sports betting, live entertainment, parimutuel racing and hospitality.BENZINGA CANNABIS CAPITAL CONFERENCEThe premier gathering of cannabis entrepreneurs and investors in North America returns for a 2-Day Hybrid Event on October 14-15.Speakers will include $SNDL and other major Cannabis Companies, for more information visit https://www.benzinga.com/events/cannabis/MEET THE HOSTS:Dennis DickTwitter: https://twitter.com/TripleDTraderMitch HochTwitter: https://twitter.com/STORYInvestorsJoel ElconinTwitter: https://twitter.com/Spushttps://www.premarketprep.com/Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.Subscribe to all Benzinga Podcasts at https://www.benzinga.com/podcastsUnedited Transcript Coming to you live from downtown Detroit. This has been is pre-market prep with your host Joel Kahn. And this is a vowel tile puppy here. Isn't it. And Dennis Dick I've. I will buy the stock per pen. Everything that you need to start your tradinggood morning, everybody. Happy Friday. Welcome to pre-market prep. Spencer, Israel go out Khan and Dennis. Oh man. Do we have a show today? I am so excited. I forgot to wear my glasses. That's how excited I am. We've got the CEO of Penn national gaming, Jay Snowden on his DRO about a half hour from now, actually.So very excited for that. We also have an options expiration and not just any ox, any option expiration, a record options expiration. You want to know how much money is an option to set to expire. Today. I'll tell you $3.4 trillion worth of equity options. Set to expire today. $720 billion of single stock options set to expire today.It is gonna be a day. It's gonna be a show strapping, buckle up, hit the like button. Joel, let's get those charts up and tell us how we're doing. And then after you do that, I want to hear about your incredible evening hanging out with. In synchronization. Okay, man, Spencer, you can't, you can't leave fire it up, man.I smell I heard up now to never fired up, but I'm fired up. I know this may be a, this may be an epic show. This might be one of the best ones ever. Because we all come below that. So don't do that. No tangents only information. Oh, well, if we set them on a wall, we can, we can, we can beat it. Anyway, we got the charts up.Joel, how are we doing with this one? Choppy we're down eight half handles, 55, 75. We couldn't get to yesterday's high where we got a triple top and we really couldn't get to yesterday's low in that area, kind of a triple bottom. And we just have a thrashing area right now about 30, 40 handles. So be careful today, it looks like it's going to be at chop fast, screwed down 66 cents.It's 7,195. Gold takes a haircut day. I'm gone way away from 1800 now up three 20 at 1760 on silver in the green by 13 cents at 2292. Ooh, got a to handle that a Bitcoin down one 15 at 47 38 theory. I'm getting hit a little bit more on a percentage basis. That's down 136 bucks. Add up 4 30, 4 36. So there's a look at the commodities and futures.Well, what'd you do yesterday? Joel, we missed you on your day off. Well, I got to hear about this dinner cause Joel actually invited the keyboard from Benzinga to his house for dinner. He didn't invite me. We're going to be enough bite me either. The other people get invited to hear about this. Okay. First of all, uh, do you want, do you want to have, uh, can you do a little breaking news?I have a new favorite person at Benzinga Mitch. You had a week was off debt, uh, while it was. But now you guys have been knocked down to third. Uh, young Erin came over, uh, Missou graduate. He's a producer, a B man. He came in, I invited him fit in right with the family, no sports Spencer. That guy is a sports encyclopedia and he knows horse racing.Uh, oh, I see you. As soon as he started talking to horse racing out, we around Spencer, we cannot compete when we didn't get the joke that he said about the horse, you know, two weeks ago we were dead. We're dead in the water. Yeah. Oh man. He even shaved and combed his hair. Well, I'm really, really out. I don't know horses.I hardly ever shave, although I did shave actually. And I never, I don't even own a coal man anyway. Uh, what to services, both services that way in the back, uh, way away from everybody. And it was fine. No one, I taught at people there and then we did the break fast and, uh, boy, it was fun. Um, and just a good lease.It just cooked up an incredible storm, but people don't want to hear about that. Um, They want to hear about exploration and shop fast the whole week, right? Uh, has been, this is like the week. If you're using stops, you are getting stopped out of everything because it goes up and it goes down and it goes up and it goes down and it goes up.And if you're fading, you're trading this week, if you're just playing, I'm sure in the reps and I'm buying the depths, you could have played this fire range. The last look at this, Joel had a day like this with this big of a range. And the ranges are very, very eerily similar. I know we get down to 4 44 on the spine.Now we got down 4 43, 4 44, and it's abide. You get up to 4 47, 4 48. Four days in a row that has worked in a row. I had no eight dye. It, you know, you tested the double bottom, so you thought you were good, right? It's 25 and a quarter 27. And then if I would have been trading yesterday, I would have been looking for that level, like, okay, we're going down, we're going to take it out.And it goes to 33 and a quarter. I am absolutely. I had no level at 33 and a quarter. Then it comes all the way back up and you trade in the 70 handles. So it's, you know, we'll see. I mean, I like consolidation periods because. You know, they give you, you know, uh, the key to the next move and all that. I don't do this very often.I just draw some lines on here. I mean, this is just simple, stupid, I mean, come on. Here's the bottom of the range. You hit it a couple times. And then, uh, you made that high on Monday at 83 50. I don't know what the, you know, the spike, uh, equates out to, but I mean, look at that. I mean, that is. This is either the buy the dip.We're going to bus you 44, 83 50 and Spencer's get a win 20 bucks. Or, yeah, I really needed to take out this week slow. I really need it. And then I think we can tach stop. You know, now I think we could touch 43 50 after that, and then special would be toast on that bat. But you're going to be tell us on the Microsoft that too, because you look at the relative strength and Microsoft market goes down.Microsoft kind of goes down, but they buy it right back up. We were just hanging out here at the meet a victory three 10 is the price to beat roll. Once again, this is that's stocked by, but unless the market rolls over, that's the only chance I have. I need a market role already. That's why my back is screwed here underneath it created this whole much of underneath the man.We talk about overhead supply. It's got all this underneath the man every time. People are in there because of the buyer. And they don't understand that, uh, you know, they may see impending doom in the market or something and there they want to be prepared. I don't think they're buying it at 3 0 5 folks.If you think they're buying it at 3 0 5. They're not, I can tell you that 3 0 5, 10, 3 0 5. I'll tell you. Oh yeah, that must be a bill gates directive. He's out anyways, but, uh, I'm in bad shape on now. You got lucky. I mean, have you ever beat me out of bed? I don't know. I don't know. Glad you moved to Canada.There's your resistance? Resistances to musicians. So it's taken out. So it's going to have a hard time, you know what stock I was trading last night and I'm out of it now. So I just freely talk about it. Did you see this whole BLI saga Spencer? And we had the short seller given the shirt salary report and saying that this company, you know, saying a lot of negative things about this company, CNBC last night, BLI Joel BLI, we're talking Berkeley lights, a big Kathy holding the short seller.Who's the short seller. It was a affirmative, it was, hold on a score, scorpion capital. I got to say, when he went on CNBC, I was expecting, you know, cause he used to like sit Tron, Andrew left and talk, man, you know, agree with them or don't agree with them. Can you just kept going on how they called all the companies that all, all the customers of BLI and they don't like the.I'm like, this is the big research that knocked this thing this much. I'm like looking at it thinking really I'm like you call the customers and they don't like the product. That's the big, negative thing that makes us BLI as screaming short to zero. And then we had a Melissa Lee, uh, on there last night and she's asking, did you cover any?And he beats around the question, man, the report he beats around and he's like, it's still a long-term, you know, short for us. But he never said, did you cover, you never answered. You didn't cover any I'm like, oh yeah, he covered some. So you can just tell, you could read between the lines like this guy was covering into this report, the stock dumps, and then he covers into it.I mean, anyways, I know this has been going on for years, but the research, I thought, you know, at least from the interview, I didn't read the reports. Maybe it was more than the report, but from that interview, it was weak. So I like screw this. And my buddy at bright was saying the same thing. I'm buying it on this because one, it really sold off hard on it.And two, I think Kathy will load up. Did she buy any last night? I was like, you know, here's the one of her holdings. So I don't know. I never looked at the ERC report from last night, but I was just, you know, imagining Kathy saying, yeah, you know what it wants to tank like that we'll buy more. And so, yeah, she loaded BLI last night.So, and that was from my buddy. Just saying he's like, I bet you Kathy loads up too, because whenever something goes down big, she loads up. Yeah. She bought 479,000 shares yesterday in our main fund. So, and then another 178,000 and the arc G funds. So she did load up yesterday. That was a big. So anyways, I already sold it this morning, cause it's already trading up.I bought around 22, 80 or something or $23 last night, it was down 80 cents on the interview. And I didn't, it was already trading up and I sold some last night and I sold the rest of it earlier this morning, just for the quick snap back. So I'm already out of it, but you know, a couple bucks on it. It's a good trade, obviously $20 stock.But my, my thinking this was one, it, the interview didn't come off. He didn't come off strong in the interview. So I thought that might buy back. And then two, um, my buddy making the point that Kathy might actually buy this, you know, like by Maura, she buys it if she might load up and I'm like, yeah, that's right.She probably will. So anyways, low-hanging fruit there last night, BLI does snap back 7% here this morning, but I thought that the, you know, the interview is really weak from, from that. Uh, twenty-five 14, uh, that is your current price. Uh, just big volume day yesterday on the down day, the thing has been getting beaten up, uh, 25 91 though.I mean that, I see, you know, air up to 25 91 on this one, because that was a hide from yesterday. So I don't know the longer it takes to get up there. Take that out. You got some room above that, but, uh, it could roll over again. The closes that way down there at 2363. So, you know, just at the highs of the pre-market session, I not getting to yesterday's high that's my only, the target price is zero.It's going to say they call lights. What kind of lights and I, and all agree. You know, some of the analysis that the end part of this interview is better. Some people defending the person, you know, the end part of the interview is better because then he started to get fundamental and he started to say, it's trained 27 times.You know, here are the customers don't like and always putting it all together. But there was this in the beginning of the first five minutes, the interview, it was this focus on unsatisfied. I'm like, well, it's not illegal to have unsatisfied customers. So I don't know if he was saying there's anything illegal if you're just saying, you know, um, I'm not sure exactly, because I didn't read the report, but it just came off that it just didn't come off.Like it was like, whoa, you know, this company's doing a whole bunch of stuff and yes, they have called some stuff, right? Yes. QS, they got, you know, rate scorpion did on that. But overall, I just thought the interview is weak. So sorry. It was my opinion titled to my opinion, I thought it was weak. I think the rally is stock rallied.It did rally right after the interview on it. So obviously other traders had the same opinion I did. I wasn't the only trader that bought it. And then I know Kathy loading up last night, which was predictable. That was predictable because she buys she's buying it all the time. And now you get a real tank yesterday.And I mean, it died yesterday morning going from 25 91 down in 1921. So you're talking about a 20% fall, highly predictable. That the ultimate by the dipper was probably going to buy the dip on beyond. So now I don't know, like going forward, the low-hanging fruit, I think was buying it last night. Okay. All right.That's the answer, your question. They don't, they don't do lights. They're like a cell biology comp. I have no idea what that yeah. Biology company and I'm not, it's not going to my long-term portfolio. I'm not, I'm already out. I already sold. So I'm like I just telling you about the trade and showing you different opportunities and different edges, you know, and that's a Cathy edge combined with just watching the analysis on CNBC, you know, and analyzing and saying they just knocked this thing down 20%, you know, on this report, you know, and is it, you know, overdone sometimes, but you know, the, the interview just didn't come off strong.That's why we got it. We got a triple D set up.I want to hear about it anymore. My wife and myself a lot too. You want to talk about options expiration for a second, because it's going to be a big, a big one today. There also is a very small P rebalance. The only stock being added. To the S and P 500 today is ticker tech, T C H it's replacing analog is analog is getting bought.So, so ADI is off the board. So they're bringing in the news, a new stock to replace that TCH has going in. But in addition to that, we have often expiration, as I said, um, it's…
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