CZR Caesars Entertainment Options Ahead of Earnings

29 de out. de 2023

Analyzing the options chain and the chart patterns of CZR Caesars Entertainment prior to the earnings report this week,
I would consider purchasing the 39usd strike price Calls with
an expiration date of 2023-11-17,
for a premium of approximately $2.57.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Looking forward to read your opinion about it.

3 de nov. de 2023

Trade fechado: objetivo atingido

CZR traded at $44.65 after earnings, and the Calls went up from $2.57 (when I wrote this article) to $6.05 at the close today (higher intraday), for an amazing 2.35X gain!