Investors are showing a strong interest in Caesars Entertainment CZR. Recent options trading data reveals a distinct move that market watchers should pay attention to. While we don’t know who these investors are, such activity often hints at upcoming changes for CZR.
Today, our options scanner detected 8 unusual activities related to Caesars. This volume is noteworthy and suggests potential shifts in the stock’s future.
Investors appear to be split in their outlook: 37% have a bullish view, while another 37% are bearish. The options data shows a mix of puts and calls, with $335,085 in puts and $130,913 in calls.
Looking at the potential price movements, major investors are targeting a price range between $30.00 to $42.00 for Caesars over the next three months.
Currently, the average open interest for Caesars options stands at 3,474, with a total trading volume of about 6,440. The chart below illustrates the trends in call and put option volumes for trades within the target price range over the last 30 days.
Significant Options Trades:
| 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 operates nearly 50 gaming properties across the U.S., mostly in Las Vegas. It has grown significantly since 2020, thanks to its merger with Eldorado. Caesars encompasses well-known brands like Caesars, Harrah’s, and Tropicana, and it also includes a digital sports betting platform.
Current Market Status
- Today’s trading volume is 3,250,241 with CZR priced at $33.74, a 1.66% increase.
- RSI indicators suggest the stock may be trending towards overbought conditions.
- Earnings are expected in 41 days.
Analyst Views:
Recent analyst ratings suggest optimism for Caesars Entertainment. Analysts from different firms have set target prices ranging from $43 to $57, indicating a positive outlook for the stock’s future performance.
Options trading can be risky but has the potential for high rewards. Keeping up with market trends and understanding different strategies can help traders navigate these risks. For real-time updates on Caesars options, you can stay connected to Benzinga’s insights.
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