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Wednesday, December 6, 2023

Caesars Entertainment’s Recent Unusual Options Activity – Caesars Entertainment (NASDAQ: CZR )


A whale with a lot of money to spend has taken a decidedly bullish stance Caesars Entertainment.

Check out Caesars Entertainment Corp (NASDAQ:Czech Republic) We detected 12 strange transactions.

If we consider the specifics of each trade, it can be accurately stated that 66% of investors opened trades with bullish expectations and 33% with bearish expectations.

Of the total discovery trades, there were 2 puts for a total of $67,453 and 10 calls for a total of $571,728.

What is the target price?

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Given the volume and open interest in these contracts, whales appear to have been targeting a price range of $39.0 to $70.0 for Caesars Entertainment over the past 3 months.

Volume and Open Interest Development

Looking at trading volume and open interest is an insightful way to do due diligence on a stock.

This data can help you track the liquidity and interest of Caesars Entertainment options at a given strike price.

Below, we can observe how call and put option volume and open interest have changed over the past 30 days for all whale activity on Caesars Entertainment, with strike prices ranging from $39.0 to $70.0.

Caesars Entertainment Options Volume and Open Interest Last 30 Days

Largest selection found:

the symbolput/calltrade typemoodExpired.datestrike pricetotal transaction priceopen interestvolume
Czech Republiccallsweepbullish1/17/25$70.00$132,0002.8K300
Czech Republiccallsweepbullish12/15/23$39.00$965,0002108
Czech Republiccallsweepbearish9/15/23$45.00$83,0006.1K0
Czech Republiccalltradingneutral9/15/23$45.00$425,0006.1K800
Czech Republiccalltradingbearish9/15/23$45.00$425,0006.1K700

Where is Caesars Entertainment now?

  • CZR saw a volume of 4,616,705 and the price fell -2.56% to $45.21.
  • The RSI indicator suggests that the underlying stock may be close to overbought.
  • The next earnings report is expected in 39 days.

What experts say about Caesars Entertainment:

  • Susquehanna upgraded its rating to Neutral with a $39 price target
  • Morgan Stanley decided to maintain an equal weight rating on Caesars Entertainment, with a current target price of $54.

Options are a riskier asset than just trading stocks, but they have higher profit potential. Serious options traders manage this risk by educating themselves on a daily basis, scaling trades up and down, following multiple indicators, and keeping tabs on the market.

If you want to know about the latest options deals from Caesars Entertainment, BenzingaPro Provide you with real-time options trading alerts.

© 2023 Benzinga.com. Benzinga does not provide investment advice. all rights reserved.


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