Trading a CZR straddle lets you take a pure volatility position on Caesars Entertainment Inc without committing to a direction. Caesars Entertainment Inc's straddle involves buying (or selling) a call and a put at the same strike and expiration, profiting when the stock moves more (or less) than the combined premium implies. Use our scanner to evaluate CZR straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on CZR profits from large moves in either direction and is a classic play into binary events like earnings, product announcements, or macro releases. A short straddle profits when Caesars Entertainment Inc stays range-bound and implied volatility contracts. The breakeven points are simple: strike plus total premium on the upside, strike minus total premium on the downside. Comparing the CZR straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Caesars Entertainment, Inc. operates as a gaming and hospitality company in the United States. The company operates casinos comprising poker, keno, and race and online sportsbooks; dining venues, bars, nightclubs, and lounges; hotels; and entertainment venues. It also provides staffing and management services; accessories, souvenirs, and decorative items through retail stores; and online sports betting and iGaming services. As of December 31,2021, the company owned, leased, and managed 52 domestic properties in 16 states, consisting of approximately 55,700 slot machines, video lottery terminals, and e-tables; 2,900 table games; and 47,700 hotel rooms.
Caesars Entertainment, Inc. was founded in 1937 and is based in Reno, Nevada.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the CZR straddle is the cleanest expression of that view. Our scanner prices every CZR straddle against historical realized moves, flags expirations where the market is overpaying or underpaying for vol, and ranks setups by breakeven width and IV rank. Whether you're long a CZR straddle into a catalyst or short a CZR straddle to harvest decay, the options straddle setups that matter are all in one place.
