Caesars Entertainment Inc
Caesars Entertainment Inc (CZR) Wheel Strategy
CZR wheel strategy scan found 5 cash-secured put setups on the previous trading day. Probability of expiring worthless is above 50%. Annualized returns reach up to 11.1%.
Read more
Running a CZR wheel strategy lets you generate consistent premium income on Caesars Entertainment Inc while setting your own entry and exit prices on the underlying. Caesars Entertainment Inc's wheel combines cash-secured puts and covered calls into a repeatable cycle: sell puts at strikes where you'd be happy to own CZR, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best CZR wheel strategy setups in real time.
The wheel works best on liquid, high-quality names with stable fundamentals and active options markets — exactly the profile many large-cap leaders fit. The mechanics are simple: sell a cash-secured put on CZR, collect premium, and either keep the premium if it expires worthless or take assignment at a discount to current price. Once assigned, sell covered calls against the shares to keep collecting premium until they're called away. Choosing the right strikes, expirations, and IV environment is what separates a profitable CZR wheel from a losing one.
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.
The difference between a wheel that compounds and one that bleeds comes down to strike selection, IV timing, and discipline on assignment. Our scanner handles the heavy lifting: it ranks every leg of the CZR wheel strategy by delta, premium yield, IV rank, and days to expiration, so you can deploy capital where the math works. Build your CZR wheel strategy on data, not gut feel — and let the options wheel do what it does best: pay you to wait.
| Jan 15, 2027 | 28.00 | $0.01 | $0.96 | -0.30 | 112 | 21% | 61.3% | 11.1% | 2,710 |
| Oct 16, 2026 | 29.00 | $0.03 | $0.09 | -0.19 | 21 | 21% | 60.0% | 5.1% | 34 |
| Jan 21, 2028 | 15.00 | $0.01 | $0.18 | -0.03 | 483 | 21% | 96.2% | 0.9% | 186 |
| Jan 21, 2028 | 25.00 | $0.01 | $0.26 | -0.09 | 483 | 21% | 65.9% | 0.8% | 578 |
| Jan 21, 2028 | 23.00 | $0.01 | $0.16 | -0.06 | 483 | 21% | 73.7% | 0.5% | 202 |
As of September 25, 2026
Run the Wheel on CZR With Confidence
Find the best CZR wheel strategy setups across strikes and expirations, plan ahead with at-strike values, and keep your covered calls and puts on track.
Start your 14-day free trial→