This Is What Whales Are Betting On Caesars Entertainment

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Deep-pocketed investors have adopted a bullish approach towards Caesars Entertainment CZR, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CZR usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Caesars Entertainment. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 37% leaning bullish and 37% bearish. Among these notable options, 4 are puts, totaling $335,085, and 4 are calls, amounting to $130,913.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $42.0 for Caesars Entertainment over the recent three months.

Volume & Open Interest Development

In today's trading context, the average open interest for options of Caesars Entertainment stands at 3474.33, with a total volume reaching 6,440.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Caesars Entertainment, situated within the strike price corridor from $30.0 to $42.0, throughout the last 30 days.

Caesars Entertainment Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
CZR PUT SWEEP NEUTRAL 02/28/25 $1.41 $1.25 $1.33 $32.00 $198.9K 2 1.5K
CZR PUT SWEEP BEARISH 06/20/25 $9.25 $9.15 $9.25 $42.00 $63.8K 237 69
CZR PUT SWEEP BEARISH 06/20/25 $8.4 $8.25 $8.4 $41.00 $43.6K 49 52
CZR CALL TRADE BULLISH 01/17/25 $1.29 $1.17 $1.26 $32.50 $41.9K 1.8K 522
CZR CALL SWEEP BULLISH 01/17/25 $0.18 $0.17 $0.17 $35.00 $31.4K 17.1K 3.3K

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.

In light of the recent options history for Caesars Entertainment, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Caesars Entertainment's Current Market Status

  • Trading volume stands at 3,250,241, with CZR's price up by 1.66%, positioned at $33.74.
  • RSI indicators show the stock to be may be approaching overbought.
  • Earnings announcement expected in 41 days.

What Analysts Are Saying About Caesars Entertainment

In the last month, 3 experts released ratings on this stock with an average target price of $49.333333333333336.

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. * Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Caesars Entertainment, targeting a price of $57. * Consistent in their evaluation, an analyst from Jefferies keeps a Buy rating on Caesars Entertainment with a target price of $43. * Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on Caesars Entertainment with a target price of $48.

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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