CZRCaesars Entertainment, Inc. Common Stock
Options Analysis Report•HOTELS & MOTELS
Market Cap $6.0B|NASDAQ
● 2026-06-09$29.32
BULLISH
Analysis: 2026-06-08 EOD data
1Y +9.6%YTD +24.4%7D +0.3%
Options Vol
17,803
30D
Implied Move
±5.2%
IV Rank
0%
CZR Options Overview
IV is low with bullish flow and unusual activity. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
Loading score history...
Value
Is IV priced right?
7.8
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks5/9 checks passed
IV Rank
≤35%IV Rank 7.7% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 0.46x — IV ≤ HV
Sector Relative≤50%
Sector percentile 0% — below sector median
Term Structure
<1.1xFront/Back 4.21x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 18.8% — normal range
Spread-Adjusted Value
<80%Effective IV 145.7% (ATM 18.8% + spread 63.5% + bias) — expensive
Execution Efficiency
<3.0%Total drag 91.36% (spread 63.46% + slippage 27.90%) — high friction
Vega Efficiency
≥5.0Vega efficiency 0.28 (vega 1.775 / spread 63.46%) — spread drag
Sentiment
Bullish or bearish?
7.2
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBullish - Strong signal (Conviction: +20%, Raw: +16%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +20% (bullish) — Raw: +16%
OI Skew Magnitude
≥15%|OI skew| 44.1% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +74.3%, OI skew +44.1% — aligned
Conviction Quality
≥2/3 conditions0-DTE 0%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -14%, ATM: -48%, OTM: +56% — strong bearish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 18% — very bullish vs sector
Activity
Unusual activity?
5.2
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks3/9 checks passed
Volume Surge
≥1.5xVolume 1.0x avg — normal
Turnover Rate
≥15%Vol/OI 4.9% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +12.7% (5d) — building
Sector Relative≥60%
Sector activity percentile 81% — very active vs sector
Trade Quality
≥30%Large trade volume 43% — institutional presence
Execution Urgency
≥60%Aggressive execution 58% — patient
Flow Conviction
≥30Conviction +20 (bullish) — mixed
Liquidity
Can I trade efficiently?
4.0
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 63.5% — wide
Adequate OI
≥10,000OI 366,025 — deep
Active Volume
≥500Volume 17,803/day — active
Reasonable Cost
≤$0.50$3.17 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 45% — neutral vs sector
Order Book Depth
≥100 contractsDepth 314.5 contracts (bid:243.3 ask:71.2) — adequate
Execution Quality
<1.0%Avg slippage 27.90% — poor
Timing
Is now a good time?
7.1
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +321.0% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 8% — buyer opportunity
Event Detection
≥10pts kinkIV kink 35.3pts — event priced
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 239.86 — favors income trades
Expiration Distribution
≥3 expirations4 liquid expirations — flexible
Event Risk
≥60% (safe)caution advised: No earnings detected; CPI in 1d (HIGH)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +20% @ 60% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 73 (ITM 20% + inst 43%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls7.4
bullishIV cheap, bullish flow
Long Puts5.4
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put5.1
bullishIV too cheap, bullish flow
Covered Call3.5
bearishIV too cheap, bullish flow
For educational purposes only. Not investment advice.