Current overall GPA - 94
SAT - 1530 (retaking this one)
Math 2- 800
Physics - 750
Literature - 740
Oh and I take the most rigorous course my school offers.
Yes you’re a shoo-in for Penn State!!
On re-reading your post, I am confused. By “Penn” do you mean Penn State, or U. of Penn?
If the latter (more likely), apply but definitely have a plan B. An average of 94 is very good, but isn’t going to blow away the really top schools. 750 on Physics doesn’t blow away the people that I know that studied math or CS or engineering at the really top schools.
And run the NPC and verify that you can afford it.