Zacks
Zacks Equity Research
ZacksOctober 31, 2018
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Investors need to pay close attention to Caesars Entertainment (CZR) stock based on the movements in the options market lately.
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Investors in Caesars Entertainment Corporation CZR need to pay close attention to the stock based on moves in the options market lately. That is because the Nov 2, 2018 $8.00 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?
Clearly, options traders are pricing in a big move for Caesars Entertainment shares, but what is the fundamental picture for the company? Currently, Caesars Entertainment is a Zacks Rank #4 (Sell) in the Gaming industry that ranks in the Bottom 7% of our Zacks Industry Rank. Over the last 60 days, one analyst has increased the earnings estimates for the current quarter, while two have revised the estimates downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from a loss of 4 cents per share to a loss of 3 cents in that period.
Given the way analysts feel about Caesars Entertainment right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
Recent CZR News
- Caesars Sportsbook Launches Mobile Wagering at Harrah’s Gulf Coast in Mississippi • Business Wire • 04/10/2024 03:00:00 PM
- Caesars Entertainment, Inc. to Report 2024 First Quarter Results on April 30, 2024 • Business Wire • 04/01/2024 11:30:00 AM
- Caesars Sportsbook Recognized for Responsible Gaming Practices with Top Accreditation by Responsible Gambling Council’s RG Check Program • Business Wire • 03/28/2024 03:00:00 PM
- Caesars Sportsbook Expands Mobile Wagering Statewide in North Carolina • Business Wire • 03/11/2024 04:11:00 PM
- Caesars Entertainment Partners with Michelin-Starred Chef Rick Bayless • Business Wire • 03/07/2024 03:00:00 PM
- Caesars Sportsbook and National Hockey League Renew Partnership • Business Wire • 03/07/2024 01:30:00 PM
- Caesars Sportsbook Accepts Legalized Mobile Sports Wagers on Eastern Band of Cherokee Indians Tribal Lands in North Carolina; First Within State Borders • Business Wire • 03/01/2024 06:09:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/22/2024 10:28:51 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/22/2024 10:27:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/22/2024 10:26:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/22/2024 10:26:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/22/2024 10:22:44 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/20/2024 10:03:33 PM
- Caesars Entertainment Partners with Sault Ste. Marie Tribe of Chippewa Indians; Acquires Michigan iGaming Operations from Wynn Resorts • Business Wire • 02/20/2024 09:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/20/2024 09:12:00 PM
- Caesars Entertainment, Inc. Reports Fourth Quarter and Full Year 2023 Results • Business Wire • 02/20/2024 09:01:00 PM
- RoyalFlush.com, the Crown Jewel of Online Real Estate, Hits the Auction Block on Sedo.com • PR Newswire (US) • 02/20/2024 01:44:00 PM
- Market Cautiousness Ahead of Retail Giants’ Earnings; Oil Prices Dip • IH Market News • 02/20/2024 10:37:35 AM
- Caesars Digital and AGS Interactive Celebrate Exclusive Omnichannel Launch of Rakin’ Bacon Odyssey in New Jersey • Business Wire • 02/19/2024 07:21:00 PM
- World Series of Poker Reveals Full 2024 WSOP Daily Event Schedule • Business Wire • 02/16/2024 04:00:00 PM
- Donny Osmond Extends Las Vegas Residency at Harrah’s Las Vegas • Business Wire • 02/08/2024 03:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/07/2024 10:24:34 PM
- Caesars Entertainment, Inc. Announces Satisfaction and Discharge and Related Redemption of 6.250% Senior Secured Notes Due 2025 • Business Wire • 02/07/2024 09:26:00 PM
- Caesars Entertainment, Inc. Announces Full Redemption of 5.750% Senior Secured Notes Due 2025 • Business Wire • 02/06/2024 09:01:00 PM
- Caesars Sportsbook Unveils Super Bowl LVIII Prop Betting Menu • Business Wire • 02/01/2024 08:01:00 PM
VPR Brands LP Reports Record Annual Financial Performance for Fiscal Year 2023 • VPRB • Apr 19, 2024 11:24 AM
Coinllectibles' Subsidiary, Grand Town Development Limited, Acquires Rare Song Dynasty Ceramics Worth Over USD28million • COSG • Apr 18, 2024 8:03 AM
ILUS Provides Form 10-K Filing Update • ILUS • Apr 17, 2024 9:54 AM
Glucotrack Announces Expansion of Its Continuous Glucose Monitoring Technology to Epidural Glucose Monitoring • GCTK • Apr 17, 2024 8:00 AM
Maybacks Global Entertainment To Fire Up 24 New Stations in Louisiana • AHRO • Apr 16, 2024 1:30 PM
Cannabix Technologies Begins Certification of Contactless Alcohol Breathalyzer, Re-Brands product series to Breath Logix • BLOZF • Apr 16, 2024 8:52 AM