Consumer Discretionary

Caesars Entertainment, Inc. (CZR) options and signal

Figures as of 28 Sep 2026

CZR is Caesars Entertainment, Inc., a Consumer Discretionary name the model ranks every trading day. The options figures are from the close on 28 Sep 2026. The model's figures are from 25 Sep 2026, one trading day behind the latest, as the Free plan shows them. Every model figure is paper trading.

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At a glance

Figure	Value	Date
Priced move to 30 Oct	3.1% down, 3.1% up	28 Sep
Call wall and put wall	Both 30	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	29.59	28 Sep
Next report	27 Oct 2026	28 Sep

Options Snapshot

CZR's at the money implied volatility is 10.3 percent on 28 Sep 2026.

Figure	Value
IV rank	Not stated, 0 weeks of record
At the money IV	10.3%, near month, 32 days
Put/call ratio, open interest	0.41
Call open interest, strikes captured near the price	35,800 contracts
Put open interest, strikes captured near the price	14,800 contracts
Cost to trade at the money	Wide, 138.9% of the option's mid price

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Priced Range

On 28 Sep 2026, CZR options priced a move of 3.1 percent down and 3.1 percent up by 30 Oct 2026.

Expiry	Days	Down	Up	Range
2 Oct 2026	4	4.0%	4.0%	28.41 to 30.77
9 Oct 2026	11	9.5%	9.5%	26.78 to 32.40
16 Oct 2026	18	4.5%	4.5%	28.25 to 30.93
30 Oct 2026	32	3.1%	3.1%	28.68 to 30.50
20 Nov 2026	53	3.0%	3.0%	28.70 to 30.48
18 Dec 2026	81	8.4%	6.2%	27.11 to 31.43
19 Mar 2027	172	18.9%	18.9%	24.00 to 35.18

The range is one standard deviation either side of the close of 29.59, as the option prices imply it.

A priced move restates option prices at the close and says nothing certain about where the price goes.

Thin quote at that expiry; its neighbours' reading stands in.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Gamma Map

On 28 Sep 2026, CZR's call wall and put wall are both at the 30 strike.

Figure	Value
Call wall, most open call gamma	30
Put wall, most open put gamma	30
Net dollar gamma, calls minus puts	$2.02 million
Total dollar gamma, both sides	$6.05 million
Close	29.59

Dollar gamma is stated for a one percent move in the price.

Net is calls minus puts under the standard convention, not a record of who holds the contracts.

Net gamma changes sign at 4 strikes, so no single flip strike is named.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility History

On 28 Sep 2026, CZR's at the money IV is 10.3 percent against 20 day realized volatility of 1.0 percent.

Figure	Value
At the money IV	10.3%
Realized volatility, 20 trading days	1.0%
Realized volatility, 60 trading days	7.2%

Realized volatility is worked out from the daily closes the desk holds, not from the option chain.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Weather

On 28 Sep 2026, CZR's at the money IV runs from 38.2 percent at 4 days to 27.5 percent at 172 days.

Days to expiry	At the money IV
4	38.2%
11	54.8%
18	20.4%
25	77.6%
32	10.3%
53	7.9%
81	17.8%
172	27.5%

Near expiries price more volatility than far ones, an inverted term structure.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Surface

On 28 Sep 2026, CZR's surface spans 9 expiries out to 172 days, with IV from 6.2 to 144.2 percent near the price.

Figure	Value
Expiries captured	9
Nearest expiry	2 Oct 2026, 4 days
Farthest expiry	19 Mar 2027, 172 days
Points within 10% of the price, 7 days out or more	41
Lowest IV among them	6.2%
Highest IV among them	144.2%

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Expiry Ladder

On 28 Sep 2026, CZR has 9 captured expiries, from 2 Oct 2026 to 19 Mar 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
2 Oct 2026	4	38.2%	1,636	1,396
9 Oct 2026	11	54.8%	15	225
16 Oct 2026	18	20.4%	1,542	879
23 Oct 2026	25	77.6%	1,367	8
30 Oct 2026	32	10.3%	3,359	7
20 Nov 2026	53	7.9%	959	1,119
18 Dec 2026	81	17.8%	9,938	4,145
15 Jan 2027	109	28.8%	14,716	6,861
19 Mar 2027	172	27.5%	2,234	150

Open interest is summed over the strikes captured near the price on each expiry.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Strike Table

On 28 Sep 2026, CZR's largest open interest sits at the 30 strike, with 17,525 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
30	13,006	4,519	17,525
28	2,375	5,386	7,761
35	7,010	0	7,010
25	495	2,379	2,874
31	2,549	15	2,564
33	2,431	23	2,454

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Changed Hands

On 28 Sep 2026, 2,828 CZR option contracts traded.

Figure	Value
Calls traded	1,541
Puts traded	1,287
Open interest, whole chain	75,393 contracts
Volume to open interest	0.04
Unusual volume flag	No

Traded volume and open interest are shown side by side and never combined. Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Positioning Replay

The replay holds 11 trading days of CZR's option positioning, from 12 Aug 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
12 Aug 2026	29.63	$40.33 million	30	30
24 Aug 2026	29.66	$28.75 million	30	30
28 Sep 2026	29.59	$2.02 million	30	30

Each frame restates one nightly capture. Net is calls minus puts, a convention, not who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Read-out

On 25 Sep 2026 the desk's view of CZR was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	29.61, the swing high of 17 Sep 2026
Level below the close	29.50, the swing low of 23 Sep 2026
Strategy family	Long straddle (buy a call and a put at the same strike)
Price target	None. The desk has no price model.

The levels are prices the shares turned at on the chart, with the date of each.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Read-out in RingMaster The Read-out guide

Rank by Timeframe

On 25 Sep 2026 CZR sat at the 20th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	0 of 100	Bearish
20 trading days	0 of 100	Bearish
45 trading days	20 of 100	Neutral

100 is the top of the ranking. A name in the middle three fifths is neutral.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Timeframe Agreement

On 25 Sep 2026 CZR's near timeframes were bearish and its long timeframe was neutral, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Bearish	2 of 2
Long	45 day	Neutral	0 of 1

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Timeframe Agreement in RingMaster The Timeframe Agreement guide

Signal History

On 25 Sep 2026 CZR had carried no signal for 1 trading day, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	20 of 100

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Signal History in RingMaster The Signal History guide

Sector Split

On 25 Sep 2026, 27 of 106 Consumer Discretionary names were bullish and 33 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Consumer Discretionary	106	27	33	46

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Price Chart

CZR closed at 29.59 on 28 Sep 2026.

Figure	Value
Last close	29.59
Change over 5 trading days	-0.2%
Change over 21 trading days	-0.2%
Change over 63 trading days	-0.8%
Change over 252 trading days	+14.2%
52 week high	30.88
52 week low	17.86
20 day moving average	29.65
50 day moving average	29.75
200 day moving average	27.04
RSI, 14 days	42

Worked out from the desk's own daily bars, adjusted for share splits.

From the daily bars through 28 Sep 2026. Current on every plan.

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Earnings Radar

CZR reports next on 27 Oct 2026, a date worked out from past quarters.

Figure	Value
Next report	27 Oct 2026, after the close
Date	Worked out from past quarters
Move after the report of 28 Jul 2026	-0.6%
Move after the report of 17 Feb 2026	+13.0%
Move after the report of 23 Dec 2025	+0.2%
Move after the report of 22 Sep 2025	+2.6%

Earnings calendar as of 28 Sep 2026. Current on every plan.

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Company Events

CZR filed 3 current reports in the 14 days to 28 Sep 2026, the latest on 23 Sep 2026.

Filed	Report	What it covers
23 Sep 2026	Current report	Submission of Matters to a Vote of Security Holders
22 Sep 2026	Current report	Other Events
17 Sep 2026	Current report	Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers; Other Events

Filings as of 28 Sep 2026. Current on every plan.

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Seasonality

In the 11 Septembers on record, CZR's average change was plus 1.5 percent, and it rose in 72.7 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	+1.5%	+1.1%	72.7%	11
October	-4.3%	-4.0%	36.4%	11
November	+12.1%	+14.7%	75.0%	12

Each figure is a month end to month end change in past years. A past month says nothing certain about the next one.

Monthly history through 28 Sep 2026. Current on every plan.

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Headlines

The desk's news feeds carried 2 headlines naming CZR in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	2
Latest	27 Sep 2026

The titles are in the Headlines window, with the time each was published.

Headlines as of 28 Sep 2026. Current on every plan.

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The Desk Analyst

The Free plan shows the first paragraph of The Desk Analyst's column on CZR for 25 Sep 2026, quoted below.

The close for CZR is 29.59.

This is 9.6% above the 200-day simple moving average of 27.01.

The stock is below its 5-day (29.62), 20-day (29.66), and 50-day (29.75) moving averages, but above its 100-day moving average of 29.38.

Paper trading. Column for 25 Sep 2026, general commentary published the same way to every reader.

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Questions

What is CZR's IV rank?: CZR's at the money implied volatility is 10.3 percent on 28 Sep 2026.
What move are CZR options pricing?: On 28 Sep 2026, CZR options priced a move of 3.1 percent down and 3.1 percent up by 30 Oct 2026.
Where are CZR's call wall and put wall?: On 28 Sep 2026, CZR's call wall and put wall are both at the 30 strike.
What was the desk's latest view of CZR on the Free plan?: On 25 Sep 2026 the desk's view of CZR was neutral, paper trading.
When does CZR report earnings next?: CZR reports next on 27 Oct 2026, a date worked out from past quarters.

More Consumer Discretionary names

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