Deep-pocketed investors have taken a bullish approach toward Caesars Entertainment CZRand it is something that market players should not ignore. Our monitoring of public options filings on Benzinga revealed this important move today. The identity of these investors remains unknown, but such a substantial move in CZR usually suggests that something big is about to happen.
We got 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.
Overall sentiment among these heavyweight investors is divided, with 37% leaning bullish and 37% leaning bearish. Among these featured options, 4 are put options, for a total of $335,085, and 4 are call options, worth $130,913.
Expected price range
Based on trading activity, it appears that major investors are targeting price territory ranging between $30.0 and $42.0 for Caesars Entertainment over the past three months.
Volume development and open interest
In the current trading environment, the average open interest for Caesars Entertainment options stands at 3,474.33, with total volume of 6,440.00. The accompanying chart outlines the progression of put and call volume and open interest for high value trades on Caesars Entertainment, situated within the $30.0 to $42.0 strike price range, over the last 30 days.
Caesars Entertainment options volume and open interest over the last 30 days
Major Options Trades Spotted:
| Symbol | SET/CALL | Type of trade | Feeling | Exp. Date | Ask | Tender | 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 | $63.8 thousand | 237 | 69 |
| CZR | PUT | SWEEP | BEARISH | 06/20/25 | $8.4 | $8.25 | $8.4 | $41.00 | $43.6 thousand | 49 | 52 |
| CZR | CALL | TRADE | BULLISH | 01/17/25 | $1.29 | $1.17 | $1.26 | $32.50 | $41.9 thousand | 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 national gaming properties in Las Vegas (49% of 2023 EBITDAR before corporate expenses) and regional markets (48%). Additionally, the company is home to managed properties and digital assets, the latter of which produced marginal EBITDA in 2023. Caesars’ U.S. presence roughly doubled with the 2020 acquisition by Eldorado, which built its first casino in Reno, Nevada, in 1973 and expanded its presence. through previous acquisitions of more than 20 properties before merging with legacy Caesars. Caesars brands include Caesars, Harrah’s, Tropicana, Bally’s, Isle and Flamingo. Additionally, the company owns the US part 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 is now appropriate to focus on the company itself. Our goal is to explore your current performance.
Caesars Entertainment Current Market Status
- The trading volume amounts to 3,250,241, and the price of CZR rose by 1.66% to $33.74.
- The RSI indicators show that the stock may be approaching overbought.
- The announcement of results is expected in 41 days.
What analysts say about Caesars Entertainment
In the last month, 3 experts published ratings on this stock with an average price target of $49.333333333333336.
Unusual options activity detected: smart money on the move
Benzinga Edge’s Unusual Options dashboard spots potential market drivers before they happen. See what positions are taking big money in your favorite stocks. Click here to access. * Maintaining his stance, a JP Morgan analyst continues to maintain an Overweight rating on Caesars Entertainment, with a price target of $57. * Consistent with his assessment, a Jefferies analyst maintains a Buy rating on Caesars Entertainment with a $43 price target. * Consistent with his assessment, a Truist Securities analyst maintains a Buy rating on Caesars Entertainment with a $48 price target.
Options trading presents greater 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 on the latest Caesars Entertainment options trades with real-time alerts from Benzinga Pro.
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