CZR Caesars Entertainment Options Ahead of EarningsIf you haven`t bought CZR before the previous earnings:
Then analyzing the options chain and the chart patterns of CZR Caesars Entertainment prior to the earnings report this week,
I would consider purchasing the 40usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $1.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Caesars
CZR Caesars Entertainment Options Ahead of EarningsIf you haven`t bought the dip on CZR:
Then analyzing the options chain and the chart patterns of CZR Caesars Entertainment prior to the earnings report this week,
I would consider purchasing the 40usd strike price in the money Calls with
an expiration date of 2024-3-15,
for a premium of approximately $3.75.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
CZR Caesars Entertainment Options Ahead of EarningsAnalyzing 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.
CZR Caesars Entertainment Options Ahead of EarningsAnalyzing the options chain and the chart patterns of CZR Caesars Entertainment prior to the earnings report this week,
I would consider purchasing the 58usd strike price at the money Calls with
an expiration date of 2023-8-4,
for a premium of approximately $1.86.
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.
Caesars Entertainment looks ready to pump (50%) - NEWCaesars Entertainment looks great.
We can see a higher low trajectory which shows an accummulation .
If the price breaks the resistance , it should fly.
MACD looks bullish. Increasing bars of positive momentum shows that bulls are in control now.
Enter the long position only when/ if the price breaks the resistance
Take profit and final target for this trade are shown on the chart.
Stop loss highly reocmmended below the last low (38 $).
CZR: Long. Potential 4 R/R ratioCZR bounced off a year long up trendline + horizontal support with a long tail doji yesterday. Slight sell off today, thus presenting us a good time to buy in.
Target profit 1: Next immediate resistance at around $100 giving us about 2.8 R/R ratio.
Target profit 2: Next resistance at around $105 giving us about 4 R/R ratio.
If you trade options, 3 months out should be sufficient. As for strike price, it will depend how risky you want it. ATM strike will be safer vs OTM strikes.
P/S: There's actually a typical Elliot Wave pattern formed/ H&S pattern with a broad neckline. Depending on the price action in the upcoming days, we will evaluate again if the move will unfold.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Who needs Casinos when I can do this?Seriously.
A friend and I were discussing how this stock is stupidly overpriced.
Their debt to equity ratio is over 5, meaning they are LOADED with debt, and the fed just acknowledged that interest rates will rise if they need to.
Ummm...why would I drive to a casino when I can just buy calls/puts on robinhood or trade crypto on coinbase?...
I save money on gas, I don't have to deal with crowds or wait, I don't have to deal with dirty crappy machines or bad dealers.
Sure Robinhood and coinbase have their own downfalls but it's a simple fact that we will literally have virtual casinos on decentraland that all of us can just log on with our VR and go play poker with our friends.
I think we should SHORT IT.
(Not financial advice)
Caesars: 80% off the highs -No doubt financial leverage is going to unwind. For Caesars, a private equity darling. That unwind is maybe the most painful I've seen. Loan facilities have call rights when stocks dip below certain levels, most likely, we've cleared those levels here.
The biggest PE firms with stakes are going to be looking for strategic opportunities here, but assuming they don't find one, this very well could be one of the first blowups we see.
CZR Give back to Caesar what is Caesar'sThe Caesar seems to be doing it well, but for how long? There's still a gap to play with.
Learn how to beat the market as Professional Trader with an ex-insider!
Next one on June 4th, Book your seat, just 25 available.
Have a Nice Trading Week!
Cream Live Trading, Best Regards!