Caesars Entertainment Option Alert: Feb 28 $40 Calls at the Bid: 8491 vs 188 OI; Earnings 2/25 After Close 

Caesars Entertainment Option Alert: Feb 28 $40 Calls at the Bid: 8491 @ $0.75 vs 188 OI; Earnings 2/25 After Close Ref=$38.075

Caesars Entertainment Stock (NASDAQ: CZR)

Caesars Entertainment (NASDAQ:CZR) Stock

Caesars Entertainment

Caesars Entertainment includes about 50 domestic gaming properties across Las Vegas (49% of 2023 EBITDAR before corporate expenses) and regional (48%) markets. Additionally, the company hosts managed properties and digital assets, the later of which produced marginal EBITDA in 2023. Caesars' US presence roughly doubled with the 2020 acquisition by Eldorado, which built its first casino in Reno, Nevada, in 1973 and expanded its presence through prior acquisitions to over 20 properties before merging with legacy Caesars. Caesars' brands include Caesars, Harrah's, Tropicana, Bally's, Isle, and Flamingo. Also, the company owns the US portion of William Hill (it sold the international operation in 2022), a digital sports betting platform.

Caesars Entertainment, Inc. - Common Stock

Caesars Entertainment Inc

CZR Resources Ltd

Caesars Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>) reported quarterly sales of $2.80 billion which missed the analyst consensus estimate of $2.82 billion by 0.55 percent. This is a 0.88 percent decrease over sales of $2.83 billion the same period last year.

Earnings

Earnings Misses

News

Caesars Entertainment Q4 Sales $2.80B Miss $2.82B Estimate

Markets fell broadly Tuesday with the S&amp;P 500 trading at five-week lows and the Nasdaq extending its three-day losing streak. The Dow Jones managed to recover midday while Wall Street digested a weaker-than-anticipated consumer confidence survey from the Conference Board, adding to concerns over the health of the U.S. <a href="https://www.benzinga.com/news/25/02/43949339/consumer-confidence-plummets-in-february-sharp-decline-marks-third-consecutive-monthly-drop">consumer and job market. </a>
Escalating trade concerns are also weighing on markets after President Donald Trump announced on Monday that tariffs on imports from Canada and Mexico "will go forward" and Bloomberg reported the White House is preparing tighter restrictions on semiconductor exports to China.&nbsp;
NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) led the Nasdaq lower as investors anticipate the company's earnings release on Wednesday and shares of Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) fell after the EV giant saw a sharp decline in European sales. 
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/02/43949800/tesla-competes-against-chinese-rivals-with-one-hand-tied-behind-its-back-analyst">Tesla Competes Against Chinese Rivals &#8216;With One Hand Tied Behind Its Back&#8217;: Analyst</a>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) fell below $88,000, its lowest since November 2024, as concerns over a slowing U.S. economy and Trump's trade policies<a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43945957/liquidity-is-disappearing-bitcoins-downturn-spells-doom-for-altcoins-analyst-warns"> weighed on </a>crypto markets. 
The yield on the U.S. 10-year Treasury note fell about 9 bps to 4.32% as investors flocked toward safe-haven assets.  The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) rose 1.49%. 
<h1 class="wp-block-heading">Tuesday's Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1 day % chg.</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,072.35</td>
<td>-1.12%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,957.58</td>
<td>-0.43%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,597.47</td>
<td>0.31%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,165.29</td>
<td>-0.59%</td>
</tr>
</tbody>
</table>
</figure>
According to Benzinga Pro data:
<ul>
<li>The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was down 0.48% to $594.36.</li>
<li>The SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) climbed 0.28% at $435.76.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) slid 0.98% to $514.78.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) eased down 0.38% to $215.41.</li>
<li>The Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) was down 0.8% to $215.84.</li>
<li>The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) fell 1.53% to $89.56.</li>
</ul>
<h1 class="wp-block-heading">Tuesday's Stock Movers </h1>
Hims &amp; Hers Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) shares plunged after<a href="https://www.benzinga.com/general/health-care/25/02/43926641/hims-hers-health-stock-drops-after-q4-report-eps-in-line-revenues-beat"> the company reported</a> a decline gross margins in the fourth-quarter added to concern over the end of the FDA-declared shortage of semaglutide.
Stocks reacting to company earnings reports included:&nbsp;
<ul>
<li>Krispy Kreme, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DNUT#NASDAQ">DNUT</a>) </li>
<li>Chegg, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) </li>
<li>Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) </li>
<li>Easterly Government Properties, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DEA#NYSE">DEA</a>) </li>
<li>Keurig Dr Pepper Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KDP#NASDAQ">KDP</a>) </li>
<li>Trip.com Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCOM#NASDAQ">TCOM</a>) </li>
</ul>
Companies reporting after Tuesday's closing bell include:&nbsp;
<ul>
<li>Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) </li>
<li>AMC Entertainment, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) </li>
<li>Workday, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) </li>
<li>Maplebear (Instacart) Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CART#NASDAQ">CART</a>) </li>
<li>First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) </li>
<li>Caesars Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>) </li>
<li>Coupang, Inc.  (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPNG#NYSE">CPNG</a>) </li>
<li>Intuit Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) </li>
<li>CAVA Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>) </li>
</ul>
Read Next:<a href="https://www.benzinga.com/news/earnings/25/02/43945252/lucid-q4-earnings-preview-production-deliveries-margins-on-watch"> </a>
<ul>
<li><a href="https://www.benzinga.com/news/earnings/25/02/43945252/lucid-q4-earnings-preview-production-deliveries-margins-on-watch">Lucid Q4 Earnings Preview: Production, Deliveries, Margins On Watch</a></li>
</ul>
Image: Shutterstock

Equities

Large Cap

Market Summary

Sector ETFs

Broad U.S. Equity ETFs

Treasuries

Markets

Movers

Tech

ETFs

General

$BTC

CART

CAVA

CHGG

CPNG

SPDR Dow Jones Industrial Average ETF Trust

DNUT

FSLR

Hims & Hers Health, Inc. Class A Common Stock

HIMS

INTU

LCID

NVDA

TCOM

iShares Trust Barclays 20+ Year Treasury Bond Fund

TSLA

WDAY

Select Sector SPDR-Consumer Discretionary

Bitcoin Plunges As Consumer Confidence Falls: What's Driving Markets Tuesday?

AHCO

ALLT

ARQT

AXGN

AXON

BASE

BGFV

BLZE

BTDR

BWIN

CBLL

CCCS

CECO

CGBD

CHRD

CIFR

CPSS

DAWN

DOCN

DRVN

ELAN

EXLS

FIHL

FLYW

FULC

GPOR

HRMY

HSIC

HURN

HYLN

IART

ICCC

IGIC

IMOS

INGN

INVX

IPAR

ITRI

IVAC

JACK

JAZZ

KEYS

KNSA

LGIH

LIVN

LMND

LXFR

MASI

MATX

MFIC

MIDD

MMSI

MPLN

MRVI

NOVT

NXRT

Earnings Scheduled For February 25, 2025

Whales with a lot of money to spend have taken a noticeably bullish stance on Caesars Entertainment.
Looking at options history for Caesars Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>) we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $376,284 and 2, calls, for a total amount of $69,480.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $30.0 to $44.0 for Caesars Entertainment over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Caesars Entertainment's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Caesars Entertainment's significant trades, within a strike price range of $30.0 to $44.0, over the past month.
<h3>Caesars Entertainment 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1740427238_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CZR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$7.9</td>
<td>$7.8</td>
<td>$7.8</td>
<td>$42.00</td>
<td>$72.5K</td>
<td>398</td>
<td align="right">94</td>
</tr>
<tr>
<td>CZR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$3.5</td>
<td>$3.4</td>
<td>$3.4</td>
<td>$38.00</td>
<td>$68.0K</td>
<td>1.2K</td>
<td align="right">2</td>
</tr>
<tr>
<td>CZR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$3.1</td>
<td>$3.05</td>
<td>$3.1</td>
<td>$35.00</td>
<td>$64.1K</td>
<td>2.6K</td>
<td align="right">359</td>
</tr>
<tr>
<td>CZR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$3.5</td>
<td>$3.4</td>
<td>$3.4</td>
<td>$38.00</td>
<td>$55.4K</td>
<td>1.2K</td>
<td align="right">365</td>
</tr>
<tr>
<td>CZR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/28/25</td>
<td>$2.06</td>
<td>$1.93</td>
<td>$2.0</td>
<td>$34.00</td>
<td>$35.4K</td>
<td>17</td>
<td align="right">181</td>
</tr>
</tbody>
</table>

<h3>About Caesars Entertainment</h3>
Caesars Entertainment includes about 50 domestic gaming properties across Las Vegas (49% of 2023 EBITDAR before corporate expenses) and regional (48%) markets. Additionally, the company hosts managed properties and digital assets, the later of which produced marginal EBITDA in 2023. Caesars' US presence roughly doubled with the 2020 acquisition by Eldorado, which built its first casino in Reno, Nevada, in 1973 and expanded its presence through prior acquisitions to over 20 properties before merging with legacy Caesars. Caesars' brands include Caesars, Harrah's, Tropicana, Bally's, Isle, and Flamingo. Also, the company owns the US portion of William Hill (it sold the international operation in 2022), a digital sports betting platform.
After a thorough review of the options trading surrounding Caesars Entertainment, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of Caesars Entertainment</h3>
<ul>
<li>Currently trading with a volume of 2,395,131, the CZR's price is down by -0.48%, now at $35.17. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 1 days.</li>
</ul>
<h3>What Analysts Are Saying About Caesars Entertainment</h3>
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $48.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from TD Cowen keeps a Buy rating on Caesars Entertainment with a target price of $48. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Caesars Entertainment with <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> for real-time alerts.

Options

This Is What Whales Are Betting On Caesars Entertainment

WIIM

ABNB

Adtalem Global Education Inc. Common Stock

ATGE

BBWI

BROS

BYON

CHWY

CVNA

DKNG

DUOL

EXPE

JAKK

LAUR

LAZR

LINC

LIND

MBLY

MULN

NTCL

NWTN

PSNY

PTON

REAL

SERV

SHAK

SPGC

WING

YOSH

YSXT

ZSPC

Shares of companies in the broader consumer discretionary sector are trading lower amid overall market weakness on US consumer and economic concerns.

In a recent shift of investment strategy,&nbsp;David Tepper&#8216;s hedge fund,&nbsp;Appaloosa LP, has made significant alterations to its portfolio. 
What Happened: The firm&#8217;s latest 13F filing reveals a reduction in semiconductor holdings, while stakes in other tech stocks, including&nbsp;Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) and the&nbsp;ARK Innovation ETF (ARKK), have been increased.
Appaloosa LP, during&nbsp;the fourth quarter of 2023,&nbsp;purchased&nbsp;1.3 million shares in Oracle&nbsp;Corp worth approximately&nbsp;$140 million and a call&nbsp;option for nearly&nbsp;2.6 million shares of the&nbsp;ARK Innovation ETF valued at over $133 million. The hedge fund also established&nbsp;new positions in FMC Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMC#NYSE">FMC</a>) and General Motors Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>).
Investments were also made&nbsp;in the home improvement, construction,&nbsp;and building materials sectors, with the acquisition of shares in firms such as Masco Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAS#NYSE">MAS</a>), Mohawk Industries Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MHK#NYSE">MHK</a>), and Owens Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>).
According to a report <a href="https://www.investopedia.com/tepper-appaloosa-13f-q4-2023-8580346">by </a>Investopedia, Appaloosa reduced its positions in&nbsp;several tech firms, including Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>),&nbsp;Alphabet Class C stock (GOOG),&nbsp;Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), Uber Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), and&nbsp;Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>).&nbsp;The largest sell-off involved&nbsp;nearly 1.7 million shares of&nbsp;Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>).
Also Read: <a href="https://www.benzinga.com/markets/equities/25/02/43746268/david-tepper-rausing-family-boost-nvidia-holdings-ahead-of-stock-volatility">David Tepper, Rausing Family Boost Nvidia Holdings Ahead Of Stock Volatility</a>
Outside of tech, the fund sold off shares in KE Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEKE#NYSE">BEKE</a>), Macy&#8217;s Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>), and PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>). On the flip side, Appaloosa added to its existing positions in Caesars Entertainment Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>), MPLX LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPLX#NYSE">MPLX</a>), Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
The hedge fund also&nbsp;exited two positions entirely in&nbsp;the fourth quarter, selling off&nbsp;shares of Arista Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>)&nbsp;and Enterprise Products Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>).
Why It Matters: Appaloosa&#8217;s portfolio reshuffle indicates a strategic shift towards diversification. The reduction in semiconductor holdings comes amidst a global chip shortage, potentially signaling a cautious approach. 
The increased stakes in other tech stocks and the home improvement sector suggest a focus on industries that have shown resilience during the pandemic. The fund&#8217;s&nbsp;new positions in FMC Corp.&nbsp;and General Motors Co. indicate a bet on the agrochemical and automotive industries, respectively. 
The sell-offs, on the other hand, might reflect an attempt to mitigate risks associated with specific stocks or sectors.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/earnings-beats/25/02/43740996/palo-alto-analysts-optimistic-on-revenue-growth-expanding-market-share" target="_blank" rel="noreferrer noopener">Palo Alto Analysts Optimistic On Revenue Growth, Expanding Market Share</a></li>
</ul>
Image: Shutterstock

AMZN

ANET

ARKK

BABA

BEKE

INTC

MPLX

MSFT

ORCL

Citigourp Global Markets 2% Protected Notes Linked To The Djia

QCOM

UBER

David Tepper's Appaloosa Revamps Portfolio, Cuts Down On Semiconductor Stocks

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/14/25</td>
<td>$350.00</td>
<td>$58.5K</td>
<td>19.8K</td>
<td>107.4K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$140.00</td>
<td>$42.6K</td>
<td>30.5K</td>
<td>20.0K</td>
</tr>
<tr>
<td>DKNG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$42.00</td>
<td>$62.0K</td>
<td>2.2K</td>
<td>2.5K</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$125.00</td>
<td>$1.1 million</td>
<td>1.0K</td>
<td>2.1K</td>
</tr>
<tr>
<td>CZR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/28/25</td>
<td>$37.00</td>
<td>$51.6K</td>
<td>54</td>
<td>1.2K</td>
</tr>
<tr>
<td>WYNN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$90.00</td>
<td>$36.2K</td>
<td>2.0K</td>
<td>849</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$225.00</td>
<td>$26.9K</td>
<td>32.5K</td>
<td>631</td>
</tr>
<tr>
<td>JD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$40.00</td>
<td>$40.8K</td>
<td>22.7K</td>
<td>630</td>
</tr>
<tr>
<td>PDD</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/19/25</td>
<td>$125.00</td>
<td>$225.7K</td>
<td>2.3K</td>
<td>620</td>
</tr>
<tr>
<td>PTON</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$8.00</td>
<td>$54.8K</td>
<td>3.7K</td>
<td>510</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bearish, expiring in 1 day(s) on February 14, 2025. This event was a transfer of 119 contract(s) at a $350.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $58.5K, with a price of $494.0 per contract. There were 19885 open contracts at this strike prior to today, and today 107492 contract(s) were bought and sold. 
• Regarding BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we observe a call option sweep with bullish sentiment. It expires in 36 day(s) on March 21, 2025. Parties traded 160 contract(s) at a $140.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $42.6K, with a price of $267.0 per contract. There were 30563 open contracts at this strike prior to today, and today 20036 contract(s) were bought and sold. 
• For DKNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), we notice a put option sweep that happens to be bullish, expiring in 8 day(s) on February 21, 2025. This event was a transfer of 1000 contract(s) at a $42.00 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $62.0K, with a price of $62.0 per contract. There were 2214 open contracts at this strike prior to today, and today 2505 contract(s) were bought and sold. 
• Regarding SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we observe a call option trade with bearish sentiment. It expires in 337 day(s) on January 16, 2026. Parties traded 1500 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $1.1 million, with a price of $745.0 per contract. There were 1085 open contracts at this strike prior to today, and today 2119 contract(s) were bought and sold. 
• For CZR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>), we notice a put option trade that happens to be bullish, expiring in 15 day(s) on February 28, 2025. This event was a transfer of 400 contract(s) at a $37.00 strike. The total cost received by the writing party (or parties) was $51.6K, with a price of $129.0 per contract. There were 54 open contracts at this strike prior to today, and today 1202 contract(s) were bought and sold. 
• Regarding WYNN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>), we observe a call option sweep with bullish sentiment. It expires in 127 day(s) on June 20, 2025. Parties traded 85 contract(s) at a $90.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $36.2K, with a price of $427.0 per contract. There were 2068 open contracts at this strike prior to today, and today 849 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a call option trade that happens to be bullish, expiring in 8 day(s) on February 21, 2025. This event was a transfer of 50 contract(s) at a $225.00 strike. The total cost received by the writing party (or parties) was $26.9K, with a price of $538.0 per contract. There were 32510 open contracts at this strike prior to today, and today 631 contract(s) were bought and sold. 
• For JD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), we notice a call option sweep that happens to be bearish, expiring in 36 day(s) on March 21, 2025. This event was a transfer of 150 contract(s) at a $40.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $40.8K, with a price of $272.0 per contract. There were 22789 open contracts at this strike prior to today, and today 630 contract(s) were bought and sold. 
• Regarding PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we observe a call option trade with neutral sentiment. It expires in 309 day(s) on December 19, 2025. Parties traded 100 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $225.7K, with a price of $2257.0 per contract. There were 2385 open contracts at this strike prior to today, and today 620 contract(s) were bought and sold. 
• For PTON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTON#NASDAQ">PTON</a>), we notice a call option sweep that happens to be bullish, expiring in 63 day(s) on April 17, 2025. This event was a transfer of 265 contract(s) at a $8.00 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $54.8K, with a price of $207.0 per contract. There were 3748 open contracts at this strike prior to today, and today 510 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

SBUX

WYNN

10 Consumer Discretionary Stocks Whale Activity In Today's Session

Deep-pocketed investors have adopted a bearish approach towards Caesars Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CZR usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for Caesars Entertainment. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 36% leaning bullish and 63% bearish. Among these notable options, 4 are puts, totaling $155,660, and 7 are calls, amounting to $353,523.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $30.0 and $38.0 for Caesars Entertainment, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Caesars Entertainment's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Caesars Entertainment's whale trades within a strike price range from $30.0 to $38.0 in the last 30 days. 
<h3>Caesars Entertainment Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1739466935_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CZR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$4.2</td>
<td>$4.15</td>
<td>$4.2</td>
<td>$35.00</td>
<td>$104.1K</td>
<td>1.4K</td>
<td>257</td>
</tr>
<tr>
<td>CZR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$4.05</td>
<td>$4.05</td>
<td>$4.05</td>
<td>$35.00</td>
<td>$69.6K</td>
<td>1.4K</td>
<td>444</td>
</tr>
<tr>
<td>CZR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$0.47</td>
<td>$0.24</td>
<td>$0.29</td>
<td>$36.00</td>
<td>$61.8K</td>
<td>97</td>
<td>3.5K</td>
</tr>
<tr>
<td>CZR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$2.25</td>
<td>$2.2</td>
<td>$2.2</td>
<td>$38.00</td>
<td>$47.9K</td>
<td>1.3K</td>
<td>727</td>
</tr>
<tr>
<td>CZR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$5.9</td>
<td>$5.8</td>
<td>$5.8</td>
<td>$35.00</td>
<td>$42.9K</td>
<td>774</td>
<td>75</td>
</tr>
</tbody>
</table>

<h3>About Caesars Entertainment</h3>
Caesars Entertainment includes about 50 domestic gaming properties across Las Vegas (49% of 2023 EBITDAR before corporate expenses) and regional (48%) markets. Additionally, the company hosts managed properties and digital assets, the later of which produced marginal EBITDA in 2023. Caesars' US presence roughly doubled with the 2020 acquisition by Eldorado, which built its first casino in Reno, Nevada, in 1973 and expanded its presence through prior acquisitions to over 20 properties before merging with legacy Caesars. Caesars' brands include Caesars, Harrah's, Tropicana, Bally's, Isle, and Flamingo. Also, the company owns the US portion of William Hill (it sold the international operation in 2022), a digital sports betting platform.
After a thorough review of the options trading surrounding Caesars Entertainment, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of Caesars Entertainment</h3>
<ul>
<li>With a trading volume of 2,861,076, the price of CZR is up by 5.53%, reaching $37.57.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 12 days from now.</li>
</ul>
<h3>Expert Opinions on Caesars Entertainment</h3>
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $50.666666666666664.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from JMP Securities keeps a Market Outperform rating on Caesars Entertainment with a target price of $53. 
&#x2A; An analyst from Stifel persists with their Buy rating on Caesars Entertainment, maintaining a target price of $51. 
&#x2A; Consistent in their evaluation, an analyst from TD Cowen keeps a Buy rating on Caesars Entertainment with a target price of $48. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Caesars Entertainment, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Analysts are weighing in on which sportsbooks stand to gain from Super Bowl LIX and whether <a href="https://www.benzinga.com/general/sports/25/02/43480342/chiefs-chase-historic-super-bowl-three-peat-and-nba-legend-stands-to-gain">a Kansas City Chiefs </a>three-peat would be a win or loss for the industry.
Super Bowl LIX Winners: Bank of America said the Chiefs winning and less than 48.5 points being scored<a href="https://www.benzinga.com/topic/super-bowl"> in Super Bowl LIX </a>could be the perfect formula for sportsbooks.
The prediction comes with most sportsbooks having the Chiefs as a 1.5-point favorite, among the low favorites in Super Bowl history, with an average of three points in the last 10 games.
Data tracked from BetMGM, which is a joint venture from MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) and Entain, shows that bettors favor the Eagles moneyline and spread based on both handle and the number of bets at 53% and 55% respectively. For the over/under, around 84% of the handle and 78% of the bets are on the over at BetMGM.
Bank of America said the caution from some sportsbooks, including BetMGM, is there is a large liability of futures bets from earlier in the season on the Chiefs winning the Super Bowl.
Overall, a total of $1.4 billion is expected to be bet on Super Bowl LIX according to the American Gaming Association, which would be in line with last year's total.
The Super Bowl is important for customer acquisition, Bank of America said in their new note. Among the companies with promotions for new customers are DraftKings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), Flutter Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NYSE">FLUT</a>) brand FanDuel, BetMGM and Caesars Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>). ESPN Bet from Penn Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EPNN#NASDAQ">EPNN</a>) is also listed in the promotions.
"Since the game is being held at the Caesars Superdome, the Caesars brand will likely get a lot of airtime, and the newly renovated New Orleans casino should benefit from increased activity around the game."
DraftKings will not have a Super Bowl LIX commercial while FanDuel will.
Bank of America also said that sportsbooks are again leaning into the Taylor Swift and Travis Kelce relationship, which may have boosted viewership for last year's Super Bowl.
Sportsbooks have Swiftie Specials bets and FanDuel even offers a Swift bingo card. In Canada, BetMGM customers can bet on if Kelce and Swift will get engaged after Super Bowl LIX at odds of +800.
Read Also: <a href="https://www.benzinga.com/general/sports/25/02/43560232/super-bowl-lix-commercials-ai-celebs-muppets-warren-buffett-linked-brand-take-the-spotlight">Super Bowl LIX Commercials: AI, Celebs, Muppets, Warren Buffett-Linked Brand Take The Spotlight</a>
Needham on DraftKings: Needham analyst Bernie McTernan reiterated a Buy rating and $60 price target on DraftKings ahead of Super Bowl LIX.
The analyst lowers fourth quarter estimates due to the already "widely known" customer-friendly outcomes for NFL games.
"For Super Bowl promos, we are seeing more jackpot promos with others following DKNG's King of the Court/King of the Endzone," McTernan said.
The analyst said DraftKings has been offering happy hour promotions that could increase betting volume in the days ahead of Super Bowl LIX.
For DraftKings, the biggest Super Bowl LIX liability could be the over 48.5 points with 84% of the handle, McTernan added.
"We do not think the winner of the game will have a major impact for the books. We note, it looks like sharps are leaning towards Chiefs ML and Eagles spread from looking at percent of handle relative to the percent of books."
DKNG Price Action: DraftKings stock is down 0.2% to $42.36 on Friday versus a 52-week trading range of $28.69 to $49.57.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/sports/25/02/43566535/super-bowl-indicator-why-wall-street-is-rooting-for-this-team-in-chiefs-vs-eagles-matchup">EXCLUSIVE: Super Bowl LIX Viewers More Excited About NFL Game, Kendrick Lamar, Commercials Or Taylor Swift? 63% Say…</a></li>
</ul>
Photo: kovop/Shutterstock.com

Analyst Color

Sports Betting

Price Target

Reiteration

Sports

Analyst Ratings

Trading Ideas

EPNN

FLUT

PENN

Why Sportsbooks Like DraftKings May Favor Low-Scoring Super Bowl LIX

TD Cowen analyst Lance Vitanza maintains Caesars Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>) with a Buy and lowers the price target from $50 to $48.

TD Cowen Maintains Buy on Caesars Entertainment, Lowers Price Target to $48

11 analysts have shared their evaluations of Caesars Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">8</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">2</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Caesars Entertainment, presenting an average target of $52.91, a high estimate of $58.00, and a low estimate of $43.00. Experiencing a 4.58% decline, the current average is now lower than the previous average price target of $55.45. 
<img src="https://www.benzinga.com/files/images/story/2025/1737662423_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The perception of Caesars Entertainment by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Steven Wieczynski</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Buy</td>
<td>$51.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Aaron Hecht</td>
<td>JMP Securities</td>
<td>Lowers</td>
<td>Market Outperform</td>
<td>$53.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Barry Jonas</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$48.00</td>
<td>$52.00</td>
</tr>
<tr>
<td>Joseph Greff</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$57.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>David Katz</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Buy</td>
<td>$43.00</td>
<td>$52.00</td>
</tr>
<tr>
<td>Brandt Montour</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$55.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Jordan Bender</td>
<td>JMP Securities</td>
<td>Lowers</td>
<td>Market Outperform</td>
<td>$57.00</td>
<td>$59.00</td>
</tr>
<tr>
<td>Chad Beynon</td>
<td>Macquarie</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$50.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Joseph Greff</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$58.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Daniel Politzer</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$53.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Brandt Montour</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$57.00</td>
<td>$59.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Caesars Entertainment. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Caesars Entertainment compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Caesars Entertainment's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
To gain a panoramic view of Caesars Entertainment's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/CZR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Caesars Entertainment analyst ratings.</a>
<h2>Get to Know Caesars Entertainment Better</h2>
Caesars Entertainment includes about 50 domestic gaming properties across Las Vegas (49% of 2023 EBITDAR before corporate expenses) and regional (48%) markets. Additionally, the company hosts managed properties and digital assets, the later of which produced marginal EBITDA in 2023. Caesars' US presence roughly doubled with the 2020 acquisition by Eldorado, which built its first casino in Reno, Nevada, in 1973 and expanded its presence through prior acquisitions to over 20 properties before merging with legacy Caesars. Caesars' brands include Caesars, Harrah's, Tropicana, Bally's, Isle, and Flamingo. Also, the company owns the US portion of William Hill (it sold the international operation in 2022), a digital sports betting platform.
<h3>Financial Milestones: Caesars Entertainment's Journey</h3>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Decline in Revenue: Over the 3 months period, Caesars Entertainment faced challenges, resulting in a decline of approximately -4.01% in revenue growth as of 30 September, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Caesars Entertainment's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -0.31%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of -0.21%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Caesars Entertainment's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -0.03%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Caesars Entertainment's debt-to-equity ratio stands notably higher than the industry average, reaching 6.08. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
Which Stocks Are Analysts Recommending Now?
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Breaking Down Caesars Entertainment: 11 Analysts Share Their Views

Stifel analyst Steven Wieczynski maintains Caesars Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>) with a Buy and lowers the price target from $54 to $51.

Stifel Maintains Buy on Caesars Entertainment, Lowers Price Target to $51

Melco Resorts & Entertainment Limited - American Depositary Shares

MLCO

Shares of sports betting and gambling stocks are trading higher following Trump's inauguration as investors weigh the new administration's economic policies.

JMP Securities analyst Aaron Hecht maintains Caesars Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>) with a Market Outperform and lowers the price target from $57 to $53.

JMP Securities Maintains Market Outperform on Caesars Entertainment, Lowers Price Target to $53

Deep-pocketed investors have adopted a bullish approach towards Caesars Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CZR usually suggests something big is about to happen.
We gleaned 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.
The general mood among these heavyweight investors is divided, with 37% leaning bullish and 37% bearish. Among these notable options, 4 are puts, totaling $335,085, and 4 are calls, amounting to $130,913.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $42.0 for Caesars Entertainment over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of Caesars Entertainment stands at 3474.33, with a total volume reaching 6,440.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Caesars Entertainment, situated within the strike price corridor from $30.0 to $42.0, throughout the last 30 days.
<h3>Caesars Entertainment Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736970375_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CZR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>02/28/25</td>
<td>$1.41</td>
<td>$1.25</td>
<td>$1.33</td>
<td>$32.00</td>
<td>$198.9K</td>
<td>2</td>
<td>1.5K</td>
</tr>
<tr>
<td>CZR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$9.25</td>
<td>$9.15</td>
<td>$9.25</td>
<td>$42.00</td>
<td>$63.8K</td>
<td>237</td>
<td>69</td>
</tr>
<tr>
<td>CZR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$8.4</td>
<td>$8.25</td>
<td>$8.4</td>
<td>$41.00</td>
<td>$43.6K</td>
<td>49</td>
<td>52</td>
</tr>
<tr>
<td>CZR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$1.29</td>
<td>$1.17</td>
<td>$1.26</td>
<td>$32.50</td>
<td>$41.9K</td>
<td>1.8K</td>
<td>522</td>
</tr>
<tr>
<td>CZR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$0.18</td>
<td>$0.17</td>
<td>$0.17</td>
<td>$35.00</td>
<td>$31.4K</td>
<td>17.1K</td>
<td>3.3K</td>
</tr>
</tbody>
</table>

<h3>About Caesars Entertainment</h3>
Caesars Entertainment includes about 50 domestic gaming properties across Las Vegas (49% of 2023 EBITDAR before corporate expenses) and regional (48%) markets. Additionally, the company hosts managed properties and digital assets, the later of which produced marginal EBITDA in 2023. Caesars' US presence roughly doubled with the 2020 acquisition by Eldorado, which built its first casino in Reno, Nevada, in 1973 and expanded its presence through prior acquisitions to over 20 properties before merging with legacy Caesars. Caesars' brands include Caesars, Harrah's, Tropicana, Bally's, Isle, and Flamingo. Also, the company owns the US portion 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's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Caesars Entertainment's Current Market Status</h3>
<ul>
<li>Trading volume stands at 3,250,241, with CZR's price up by 1.66%, positioned at $33.74.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 41 days.</li>
</ul>
<h3>What Analysts Are Saying About Caesars Entertainment</h3>
In the last month, 3 experts released ratings on this stock with an average target price of $49.333333333333336.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Caesars Entertainment, targeting a price of $57. 
&#x2A; Consistent in their evaluation, an analyst from Jefferies keeps a Buy rating on Caesars Entertainment with a target price of $43. 
&#x2A; Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on Caesars Entertainment with a target price of $48. 
Options trading presents higher 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 about the latest Caesars Entertainment options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

<a href="https://dbm.maryland.gov/budget/Documents/operbudget/2026/proposed/FY2026BudgetPresentation.pdf" title="https://dbm.maryland.gov/budget/Documents/operbudget/2026/proposed/FY2026BudgetPresentation.pdf">https://dbm.maryland.gov/budget/Documents/operbudget/2026/proposed/FY2026BudgetPresentation.pdf</a>

Watching Gambling Stocks; Traders Circulate Maryland 2025 Budget Announcement From Governor Wes Moore, Says "Increase The Sports Wagering Tax Rate From 15% To 30%", "Increase The Table Game Tax Rate From 20% To 25%"

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Shares of companies within the broader consumer discretionary sector are trading higher following softer-than-expected December inflation data.

Partnership includes exclusive game development collaboration and the lease of Bragg's Remote Gaming Server technology allowing Caesars to create its own proprietary online casino games
Bragg Gaming Group ((<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;,%20url=https%3A%2F%2Fwww.nasdaq.com%2Fmarket-activity%2Fstocks%2Fbrag&amp;,%20esheet=54178691&amp;,%20newsitemid=20250114415428&amp;,%20lan=en-US&amp;,%20anchor=NASDAQ%3A+BRAG&amp;,%20index=1&amp;,%20NASDAQ:%3Ca%20class=">BRAG</a>, <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;,%20url=https%3A%2F%2Fmoney.tmx.com%2Fen%2Fquote%2FBRAG&amp;,%20esheet=54178691&amp;,%20newsitemid=20250114415428&amp;,%20lan=en-US&amp;,%20anchor=TSX%3A+BRAG&amp;,%20index=2&amp;,%20TSX:%3Ca%20class=">BRAG</a>) ("Bragg" or the "Company"), a global B2B iGaming content and technology solutions provider, today announces a technology platform and exclusive games development partnership with Caesars Entertainment for the United States and Canada markets.
The new partnership elevates Bragg's relationship with Caesars from a content supplier to a technology partner, showcasing the value of Bragg's advanced iGaming technology and content development expertise.
This partnership is projected to help drive double-digit growth in both Bragg's revenue and profitability in 2025, particularly in North America—a key strategic focus for Bragg's expansion efforts in 2025. Additionally, the agreement will accelerate growth in Bragg's exclusive content revenue, enhancing a balanced and margin-accretive product mix.
The enhanced partnership includes a strategic technology licensing framework for Caesars to lease Bragg's Remote Gaming Server ("RGS"), as well as further options to license the Bragg HUB product delivery and casino game aggregation platform, and Bragg's Fuze&#x2122; player engagement platform, offering experience-enhancing features such as bonuses, free rounds, jackpots and AI-powered game recommendation engines.
Bragg, in collaboration with Caesars' newly formed in-house games studio team, will initially develop a number of online casino games for Caesars' digital platforms. The partnership will also create a delivery platform for Caesars' in-house games studio to build and deploy its own proprietary, custom game titles that incorporate its unique intellectual property, catering to player preferences across Caesars Palace Online Casino, Horseshoe Online Casino, and Caesars Sportsbook &amp; Casino.

BRAG

Bragg Gaming Partners With Caesars For Exclusive Game Development, Leasing Remote Gaming Server Technology For US/Canada; Aims For Double-Digit Growth In Revenue/Profitability In 2025 With Strategic Technology Licensing

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