Here’s What Whales Bet On Caesars Entertainment – Caesars Entertainment (NASDAQ:CZR)

A whale with plenty of money to spend has adopted a noticeably bearish stance Caesar’s entertainment.

View option history for Caesars Entertainment CZR We spotted 17 weird trades.

If we look at the specifics of each trade, it is correct to note that 29% of investors opened trades with bullish expectations and 70% with bearish expectations.

Of the total trades detected, 6 are puts for a total of $155,600 and 11 are calls for a total of $1,083,918.

What is the course objective?

Considering the volume and open interest in these contracts, it appears that whales have been targeting a price range of $47.0 to $60.0 for Caesars Entertainment over the last 3 months.

Volume and open interest development

In terms of liquidity and interest rates, the median open interest for Caesars Entertainment options trades today is 2737.67 with a total volume of 10,576.00.

In the chart below, we can track the volume and open interest of call and put options for Caesars Entertainment’s big money trades within a strike price range of $47.0 to $60.0 over the last 30 days.

Caesars Entertainment Option volume and open interest over the last 30 days

Biggest options discovered:

symbol PUT/CALL commercial type feeling Ext. date exercise price total commercial price open interest volume
CZR CALL ACT NEUTRAL 12/16/22 $50.00 $247,500 5.6K 839
CZR CALL ACT NEUTRAL 12/16/22 $50.00 $246,000 5.6K 1.3K
CZR CALL SWEEP BEARY 11/18/22 $55.00 $158,500 547 2.0K
CZR CALL SWEEP BULLISH 11/11/22 $52.00 $85,100 76 951
CZR CALL SWEEP NEUTRAL 12/16/22 $50.00 $83,400 5.6K 227

Where is Caesars Entertainment right now?

  • With a volume of 754,406, the price of CZR is up 2.73% to $52.0.
  • RSI indicators are suggesting that the underlying stock may be overbought.
  • The next earnings are expected to be released in 102 days.

What the experts say about Caesars Entertainment:

  • Truist Securities has chosen to maintain its Buy rating on Caesars Entertainment, which currently has a $70 target price.
  • Wells Fargo decided to maintain its overweight position in Caesars Entertainment, which currently has a price target of $72.

Options are a riskier asset compared to pure stock trading, but they have higher profit potential. Reputable options traders manage this risk by educating themselves daily, entering and exiting trades, following more than one indicator, and following the markets closely.

If you want to stay up to date on the latest options trades for Caesars Entertainment, Benzaga Pro will give you real-time options trading alerts.


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