Check Out What Whales Are Doing With CZR

6 hours ago

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Financial giants have made a conspicuous bullish move on Caesars Entertainment. Our analysis of options history for Caesars Entertainment CZR revealed 8 unusual trades.

Delving into the details, we found 75% of traders were bullish, while 25% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $425,453, and 2 were calls, valued at $142,656.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $25.0 to $50.0 for Caesars Entertainment over the recent three months.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for Caesars Entertainment options trades today is 1077.14 with a total volume of 1,210.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Caesars Entertainment's big money trades within a strike price range of $25.0 to $50.0 over the last 30 days.

Caesars Entertainment 30-Day Option Volume & Interest Snapshot

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
CZR PUT SWEEP BULLISH 01/15/27 $23.25 $22.9 $22.9 $50.00 $155.7K 509 0
CZR PUT SWEEP BULLISH 01/16/26 $8.1 $7.9 $7.9 $33.00 $102.7K 1.1K 130
CZR CALL SWEEP BEARISH 03/21/25 $1.97 $1.93 $1.94 $25.00 $99.0K 45 712
CZR PUT SWEEP BULLISH 09/19/25 $12.2 $12.15 $12.15 $39.00 $88.6K 3 103
CZR CALL SWEEP BEARISH 05/16/25 $3.3 $3.25 $3.25 $26.00 $43.5K 8 143

About Caesars Entertainment

Caesars Entertainment includes about 50 domestic gaming properties across the Las Vegas (49% of 2024 EBITDAR before corporate expenses) and regional (46%) markets. Additionally, the company hosts managed properties and digital assets that produced marginal EBITDA in 2024. 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.

Following our analysis of the options activities associated with Caesars Entertainment, we pivot to a closer look at the company's own performance.

Caesars Entertainment's Current Market Status

  • With a trading volume of 2,456,873, the price of CZR is down by -2.38%, reaching $26.67.
  • Current RSI values indicate that the stock is may be oversold.
  • Next earnings report is scheduled for 47 days from now.

What Analysts Are Saying About Caesars Entertainment

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $46.6.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Citizens Capital Markets downgraded its action to Market Outperform with a price target of $53. * Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Caesars Entertainment, targeting a price of $54. * An analyst from Wells Fargo has decided to maintain their Overweight rating on Caesars Entertainment, which currently sits at a price target of $50. * In a positive move, an analyst from Susquehanna has upgraded their rating to Neutral and adjusted the price target to $30. * An analyst from Macquarie persists with their Outperform rating on Caesars Entertainment, maintaining a target price of $46.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Caesars Entertainment with Benzinga Pro for real-time alerts.

Stock Score Locked: Want to See it?

Benzinga Rankings give you vital metrics on any stock – anytime.

Reveal Full Score

Momentum16.10

Growth7.77

Quality-

Value39.31

Market News and Data brought to you by Benzinga APIs

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