Caesars Entertainment (CZR) – A look at Caesars Entertainment’s latest whale trades

A whale with plenty of money to spend took a noticeably bearish stance Caesars Entertainment.

Viewing Caesars Entertainment Options History CZR we found 34 odd deals.

If we consider the specifics of each trade, it is correct to say that 47% of investors opened trades with bullish expectations and 52% with bears.

Of the total trades observed, 32 were puts for a total of $2,061,042 and 2 were calls for a total of $86,656.

What is the target price?

Taking into account the volume and open interest on these contracts, it appears that the whales have been targeting a price range of $39.0 to $100.0 for Caesars Entertainment over the past 3 months.

Volume development and open interest

In terms of liquidity and interest, the average open interest for Caesars Entertainment options trades today is 761.5 with a total volume of 7,672.00.

In the following chart, we can track the volume and open interest of Caesars Entertainment’s big money call and put options within a strike price range of $39.0 to $100.0 over the past 30 days.

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

Biggest Options Spotted:

Symbol PUT/CALL Trade type moods Exp. Date Strike Price Total trade price Open interest Sound volume
CZR I PUT TRADE BEARS 19.01.24 $100.00 $493.0K 477 85
CZR I PUT TRADE WHIP 09/09/22 $42.00 $193.0K 15 1.2K
CZR I PUT SWEEP BEARS 16.09.22 $39.00 74.9 thousand dollars 244 753
CZR I PUT TRADE NEUTRAL 19.01.24 $100.00 $58.0K 477 220
CZR I PUT TRADE NEUTRAL 19.01.24 $100.00 $58.0K 477 260
Symbol PUT/CALL Trade type moods Exp. Date Strike Price Total trade price Open interest Sound volume
CZR I PUT TRADE BEARS 19.01.24 $100.00 $493.0K 477 85
CZR I PUT TRADE WHIP 09/09/22 $42.00 $193.0K 15 1.2K
CZR I PUT SWEEP BEARS 16.09.22 $39.00 74.9 thousand dollars 244 753
CZR I PUT TRADE NEUTRAL 19.01.24 $100.00 $58.0K 477 220
CZR I PUT TRADE NEUTRAL 19.01.24 $100.00 $58.0K 477 260

Where is Caesars Entertainment located now?

  • With a volume of 2,673,808, CZR price decreased -2.32% to $42.12.
  • RSI indicators suggest that major stocks may be approaching oversold.
  • The next earnings are expected to be published in 61 days.

What the experts say about Caesars Entertainment:

  • Wells Fargo decided to maintain their Overweight rating on Caesars Entertainment, which currently has a price target of $64.

Options are a riskier asset compared to just trading stocks, but have a higher potential for profit. Serious options traders manage this risk by learning daily, expanding and exiting trades, following more than one indicator, and watching the markets closely.

If you want to stay up to date with the latest options trades for Caesars Entertainment, Benzinga Pro gives you real-time option trade alerts.

Leave a Comment