Whales with a lot of money to spend have taken a noticeably bullish stance on Caesars Entertainment.
Looking at options history for Caesars Entertainment CZR we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 55% of the investors opened trades with bullish expectations and 33% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $59,972 and 7, calls, for a total amount of $592,126.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $25.0 and $50.0 for Caesars Entertainment, spanning the last three months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Caesars Entertainment's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Caesars Entertainment's substantial trades, within a strike price spectrum from $25.0 to $50.0 over the preceding 30 days.
Caesars Entertainment 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CZR | CALL | TRADE | NEUTRAL | 01/17/25 | $3.65 | $3.55 | $3.6 | $30.00 | $180.0K | 706 | 1.0K |
| CZR | CALL | SWEEP | BULLISH | 01/17/25 | $3.6 | $3.5 | $3.6 | $30.00 | $179.8K | 706 | 3 |
| CZR | CALL | SWEEP | BEARISH | 01/17/25 | $0.85 | $0.67 | $0.72 | $35.00 | $76.9K | 18.5K | 2.0K |
| CZR | CALL | SWEEP | BULLISH | 01/17/25 | $0.7 | $0.69 | $0.7 | $35.00 | $64.4K | 18.5K | 935 |
| CZR | CALL | TRADE | BEARISH | 01/17/25 | $1.3 | $1.15 | $1.15 | $34.00 | $34.5K | 1.1K | 764 |
About Caesars Entertainment
Caesars Entertainment includes about 50 domestic gaming properties across Las Vegas (49% of 2023 EBITDAR before corporate expenses) and regional (48%) markets. Additionally, the company hosts managed properties and digital assets, the later of which produced marginal EBITDA in 2023. Caesars' US presence roughly doubled with the 2020 acquisition by Eldorado, which built its first casino in Reno, Nevada, in 1973 and expanded its presence through prior acquisitions to over 20 properties before merging with legacy Caesars. Caesars' brands include Caesars, Harrah's, Tropicana, Bally's, Isle, and Flamingo. Also, the company owns the US portion of William Hill (it sold the international operation in 2022), a digital sports betting platform.
Caesars Entertainment's Current Market Status
- Currently trading with a volume of 2,413,670, the CZR's price is up by 1.43%, now at $33.36.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 56 days.
What Analysts Are Saying About Caesars Entertainment
In the last month, 2 experts released ratings on this stock with an average target price of $56.0.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from JMP Securities has decided to maintain their Market Outperform rating on Caesars Entertainment, which currently sits at a price target of $57. * Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Caesars Entertainment, targeting a price of $55.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Caesars Entertainment options trades with real-time alerts from Benzinga Pro.
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