Caesars Entertainment Stock (NASDAQ: CZR)

Caesars Entertainment (NASDAQ:CZR) Stock, Quote.Headers.trade-ideas

Caesars Entertainment

Caesars Entertainment includes about 50 domestic gaming properties across Las Vegas (49% of 2023 EBITDAR before corporate expenses) and regional (48%) markets. Additionally, the company hosts managed properties and digital assets, the later of which produced marginal EBITDA in 2023. Caesars' US presence roughly doubled with the 2020 acquisition by Eldorado, which built its first casino in Reno, Nevada, in 1973 and expanded its presence through prior acquisitions to over 20 properties before merging with legacy Caesars. Caesars' brands include Caesars, Harrah's, Tropicana, Bally's, Isle, and Flamingo. Also, the company owns the US portion of William Hill (it sold the international operation in 2022), a digital sports betting platform.

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Caesars Entertainment, Inc. - Common Stock

Caesars Entertainment Inc

CZR Resources Ltd

Sports fans can visit the Evergreen State's largest casino to register and enjoy an elevated sports wagering experience on mobile devices while on property
Caesars Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>) ("Caesars") launched the Caesars Sportsbook Muckleshoot app, which is now accepting mobile sports bets at Muckleshoot Casino Resort in Auburn, Washington. Guests 21 and older who are interested in wagering on mobile devices can <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.caesars.com%2Fsportsbook-and-casino%2Fwa-ms%2Fget-the-app%2F&amp;esheet=54124397&amp;newsitemid=20240919791651&amp;lan=en-US&amp;anchor=download&amp;index=1&amp;md5=2c08b8ebb2f8e9fae8a6b5a395f171e5">download</a> the Caesars Sportsbook Muckleshoot app and must be physically present on the property at Muckleshoot to verify their registration for an account and place wagers during their visit, in accordance with state law.

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Caesars Sportsbook Expands Sports Betting Offering In Washington State With Mobile Wagering Launch At Muckleshoot Casino Resort

Investors are on edge in the lead-up to the Wednesday Federal Open Market Committee interest rate decision that is expected to deliver the first cut to the federal funds rate <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40921827/fed-decision-is-here-5-things-investors-need-to-know-ahead-of-wednesdays-pivotal-in">in over four years.</a>
The market is divided on the magnitude of the anticipated rate cut. Traders are assigning a 59% probability to a 50-basis-point cut, while a 41% chance is placed on a more modest 25-basis-point reduction. The size of the rate cut is crucial as it could trigger significant market reactions.
Should the Fed opt for a 50-basis-point cut, it may be perceived as an acknowledgment that interest rates are overly restrictive. This could lead to increased expectations for further rate cuts in the coming months, potentially fueling risk sentiment and driving stock prices higher.
Conversely, a 25-basis-point cut might disappoint investors who are betting on a more aggressive measure.
Since the start of 2022, the S&amp;P 500, tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), has experienced an average move of plus or minus 1.3% during FOMC events, reflecting the market&#8217;s high sensitivity to Fed policy decisions.
Goldman Sachs equity analysts, including John Marshall, analyzed stock movements during the first rate cuts in the previous three Fed easing cycles (Sept. 18, 2007, July 31, 2019 and March 3, 2020).
The data highlights the average moves of several key S&amp;P 500 stocks with liquid options during these periods.
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Rank</th>
<th>Name</th>
<th>Absolute Average Move</th>
</tr>
</thead>
<tbody>
<tr>
<td>1</td>
<td>Caesars Entertainment Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>)</td>
<td>5.9%</td>
</tr>
<tr>
<td>2</td>
<td>Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</td>
<td>5.5%</td>
</tr>
<tr>
<td>3</td>
<td>Capital One Financial Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>)</td>
<td>4.6%</td>
</tr>
<tr>
<td>4</td>
<td>Charles Schwab Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>)</td>
<td>4.6%</td>
</tr>
<tr>
<td>5</td>
<td>Mastercard Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>)</td>
<td>4.5%</td>
</tr>
<tr>
<td>6</td>
<td>Fortinet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>)</td>
<td>4.3%</td>
</tr>
<tr>
<td>7</td>
<td>Marriott International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>)</td>
<td>4.2%</td>
</tr>
<tr>
<td>8</td>
<td>American Express Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>)</td>
<td>3.8%</td>
</tr>
<tr>
<td>9</td>
<td>Newmont Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>)</td>
<td>3.7%</td>
</tr>
<tr>
<td>10</td>
<td>Deere &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>)</td>
<td>3.6%</td>
</tr>
<tr>
<td>11</td>
<td>BlackRock Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>)</td>
<td>3.6%</td>
</tr>
<tr>
<td>12</td>
<td>Texas Instruments Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>)</td>
<td>3.5%</td>
</tr>
<tr>
<td>13</td>
<td>3M Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>)</td>
<td>3.3%</td>
</tr>
<tr>
<td>14</td>
<td>Bank of America Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>)</td>
<td>3.2%</td>
</tr>
<tr>
<td>15</td>
<td>JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>)</td>
<td>3.2%</td>
</tr>
<tr>
<td>16</td>
<td>Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>)</td>
<td>3.0%</td>
</tr>
<tr>
<td>17</td>
<td>Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>)</td>
<td>3.0%</td>
</tr>
<tr>
<td>18</td>
<td>Starbucks Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>)</td>
<td>2.9%</td>
</tr>
<tr>
<td>19</td>
<td>Visa Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>)</td>
<td>2.7%</td>
</tr>
<tr>
<td>20</td>
<td>Verizon Communications Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>)</td>
<td>2.3%</td>
</tr>
</tbody>
</table>
</figure>
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Federal Reserve illustration created using artificial intelligence via MidJourney.

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Investors with a lot of money to spend have taken a bearish stance on Caesars Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CZR, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 12 uncommon options trades for Caesars Entertainment.
This isn't normal.
The overall sentiment of these big-money traders is split between 16% bullish and 58%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $162,104, and 7 are calls, for a total amount of $656,102.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $35.0 and $44.0 for Caesars Entertainment, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Caesars Entertainment's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Caesars Entertainment's whale activity within a strike price range from $35.0 to $44.0 in the last 30 days. 
<h3>Caesars Entertainment Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726519538_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CZR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$3.85</td>
<td>$3.75</td>
<td>$3.8</td>
<td>$40.00</td>
<td>$148.5K</td>
<td>1.2K</td>
<td>134</td>
</tr>
<tr>
<td>CZR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/27/24</td>
<td>$1.54</td>
<td>$1.4</td>
<td>$1.45</td>
<td>$39.00</td>
<td>$146.0K</td>
<td>628</td>
<td>1.2K</td>
</tr>
<tr>
<td>CZR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$1.11</td>
<td>$1.03</td>
<td>$1.05</td>
<td>$39.00</td>
<td>$106.4K</td>
<td>2.1K</td>
<td>1.1K</td>
</tr>
<tr>
<td>CZR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$3.85</td>
<td>$3.7</td>
<td>$3.8</td>
<td>$40.00</td>
<td>$95.0K</td>
<td>1.2K</td>
<td>690</td>
</tr>
<tr>
<td>CZR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$0.91</td>
<td>$0.83</td>
<td>$0.86</td>
<td>$39.50</td>
<td>$86.0K</td>
<td>170</td>
<td>1.0K</td>
</tr>
</tbody>
</table>

<h3>About Caesars Entertainment</h3>
Caesars Entertainment includes about 50 domestic gaming properties across Las Vegas (49% of 2023 EBITDAR before corporate expenses) and regional (48%) markets. Additionally, the company hosts managed properties and digital assets, the later of which produced marginal EBITDA in 2023. Caesars' US presence roughly doubled with the 2020 acquisition by Eldorado, which built its first casino in Reno, Nevada, in 1973 and expanded its presence through prior acquisitions to over 20 properties before merging with legacy Caesars. Caesars' brands include Caesars, Harrah's, Tropicana, Bally's, Isle, and Flamingo. Also, the company owns the US portion of William Hill (it sold the international operation in 2022), a digital sports betting platform.
In light of the recent options history for Caesars Entertainment, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is Caesars Entertainment Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 4,891,364, with CZR's price up by 1.44%, positioned at $39.43.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 43 days.</li>
</ul>
<h3>Professional Analyst Ratings for Caesars Entertainment</h3>
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $49.5.
<ul>
<li>An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on Caesars Entertainment, which currently sits at a price target of $40. </li>
<li>An analyst from JMP Securities persists with their Market Outperform rating on Caesars Entertainment, maintaining a target price of $59. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Caesars Entertainment options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Check Out What Whales Are Doing With CZR

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Shares of companies within the broader consumer discretionary sector are trading higher following better-than-expected consumer sentiment data. Strong earnings from RH and anticipated rate cuts may be lifting the sector.

ATLANTIC CITY, N.J. (AP) — People began betting on which political party would win control of Congress in the November elections within minutes of a judge's ruling Thursday allowing the bets — the only ones to be legally approved by a U.S. jurisdiction.
 <a href="https://apnews.com/article/betting-on-elections-kalshi-gambling-trump-harris-882f1e6e4f434f0e6ac6e5985a5583ce" title="https://apnews.com/article/betting-on-elections-kalshi-gambling-trump-harris-882f1e6e4f434f0e6ac6e5985a5583ce">https://apnews.com/article/betting-on-elections-kalshi-gambling-trump-harris-882f1e6e4f434f0e6ac6e5985a5583ce</a>

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This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/13/24</td>
<td>$230.00</td>
<td>$27.3K</td>
<td>26.5K</td>
<td>167.9K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$175.00</td>
<td>$26.6K</td>
<td>22.9K</td>
<td>17.5K</td>
</tr>
<tr>
<td>GM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$45.00</td>
<td>$49.4K</td>
<td>29.4K</td>
<td>3.4K</td>
</tr>
<tr>
<td>PLCE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$11.00</td>
<td>$37.0K</td>
<td>2.1K</td>
<td>1.0K</td>
</tr>
<tr>
<td>CZR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$43.00</td>
<td>$327.7K</td>
<td>158</td>
<td>801</td>
</tr>
<tr>
<td>KSS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$20.00</td>
<td>$71.5K</td>
<td>13.8K</td>
<td>559</td>
</tr>
<tr>
<td>AEO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$19.00</td>
<td>$34.6K</td>
<td>2.4K</td>
<td>514</td>
</tr>
<tr>
<td>AMRK</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$45.00</td>
<td>$48.6K</td>
<td>117</td>
<td>354</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$90.00</td>
<td>$31.1K</td>
<td>6.3K</td>
<td>299</td>
</tr>
<tr>
<td>LOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$250.00</td>
<td>$40.8K</td>
<td>2.6K</td>
<td>228</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on September 13, 2024. Parties traded 100 contract(s) at a $230.00 strike. This particular call needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $27.3K, with a price of $274.0 per contract. There were 26569 open contracts at this strike prior to today, and today 167964 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a call option trade with bullish sentiment. It expires in 36 day(s) on October 18, 2024. Parties traded 19 contract(s) at a $175.00 strike. The total cost received by the writing party (or parties) was $26.6K, with a price of $1400.0 per contract. There were 22969 open contracts at this strike prior to today, and today 17531 contract(s) were bought and sold. 
• For GM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), we notice a put option sweep that happens to be bearish, expiring in 8 day(s) on September 20, 2024. This event was a transfer of 1409 contract(s) at a $45.00 strike. This particular put needed to be split into 55 different trades to become filled. The total cost received by the writing party (or parties) was $49.4K, with a price of $35.0 per contract. There were 29449 open contracts at this strike prior to today, and today 3419 contract(s) were bought and sold. 
• For PLCE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLCE#NASDAQ">PLCE</a>), we notice a call option sweep that happens to be bearish, expiring in 8 day(s) on September 20, 2024. This event was a transfer of 185 contract(s) at a $11.00 strike. This particular call needed to be split into 31 different trades to become filled. The total cost received by the writing party (or parties) was $37.0K, with a price of $200.0 per contract. There were 2131 open contracts at this strike prior to today, and today 1034 contract(s) were bought and sold. 
• Regarding CZR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>), we observe a call option sweep with bullish sentiment. It expires in 827 day(s) on December 18, 2026. Parties traded 373 contract(s) at a $43.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $327.7K, with a price of $880.0 per contract. There were 158 open contracts at this strike prior to today, and today 801 contract(s) were bought and sold. 
• For KSS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>), we notice a put option sweep that happens to be bearish, expiring in 36 day(s) on October 18, 2024. This event was a transfer of 500 contract(s) at a $20.00 strike. This particular put needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $71.5K, with a price of $143.0 per contract. There were 13802 open contracts at this strike prior to today, and today 559 contract(s) were bought and sold. 
• For AEO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEO#NYSE">AEO</a>), we notice a call option sweep that happens to be bullish, expiring in 36 day(s) on October 18, 2024. This event was a transfer of 318 contract(s) at a $19.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $34.6K, with a price of $109.0 per contract. There were 2418 open contracts at this strike prior to today, and today 514 contract(s) were bought and sold. 
• For AMRK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMRK#NASDAQ">AMRK</a>), we notice a put option sweep that happens to be bearish, expiring in 99 day(s) on December 20, 2024. This event was a transfer of 157 contract(s) at a $45.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $48.6K, with a price of $310.0 per contract. There were 117 open contracts at this strike prior to today, and today 354 contract(s) were bought and sold. 
• For SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we notice a put option sweep that happens to be bullish, expiring in 127 day(s) on January 17, 2025. This event was a transfer of 105 contract(s) at a $90.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $31.1K, with a price of $297.0 per contract. There were 6394 open contracts at this strike prior to today, and today 299 contract(s) were bought and sold. 
• For LOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>), we notice a call option sweep that happens to be bullish, expiring in 36 day(s) on October 18, 2024. This event was a transfer of 51 contract(s) at a $250.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $40.8K, with a price of $800.0 per contract. There were 2686 open contracts at this strike prior to today, and today 228 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AMRK

AMZN

PLCE

TSLA

10 Consumer Discretionary Stocks Whale Activity In Today's Session

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>LCID</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$3.50</td>
<td>$34.9K</td>
<td>4.5K</td>
<td>5.6K</td>
</tr>
<tr>
<td>AMZN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/13/24</td>
<td>$182.50</td>
<td>$64.0K</td>
<td>1.0K</td>
<td>3.1K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$90.00</td>
<td>$44.1K</td>
<td>19.9K</td>
<td>2.0K</td>
</tr>
<tr>
<td>NIO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$5.00</td>
<td>$55.1K</td>
<td>35.5K</td>
<td>780</td>
</tr>
<tr>
<td>TPR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$35.00</td>
<td>$35.8K</td>
<td>1.3K</td>
<td>311</td>
</tr>
<tr>
<td>W</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$40.00</td>
<td>$59.4K</td>
<td>3.1K</td>
<td>307</td>
</tr>
<tr>
<td>PTON</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$5.00</td>
<td>$26.7K</td>
<td>22.7K</td>
<td>295</td>
</tr>
<tr>
<td>CPRI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$27.50</td>
<td>$44.0K</td>
<td>4.9K</td>
<td>238</td>
</tr>
<tr>
<td>CZR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$36.00</td>
<td>$29.4K</td>
<td>0</td>
<td>137</td>
</tr>
<tr>
<td>ETSY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$50.00</td>
<td>$53.8K</td>
<td>480</td>
<td>108</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding LCID (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>), we observe a call option sweep with bearish sentiment. It expires in 2 day(s) on September 13, 2024. Parties traded 850 contract(s) at a $3.50 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $34.9K, with a price of $41.0 per contract. There were 4589 open contracts at this strike prior to today, and today 5600 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a put option trade that happens to be bullish, expiring in 2 day(s) on September 13, 2024. This event was a transfer of 200 contract(s) at a $182.50 strike. The total cost received by the writing party (or parties) was $64.0K, with a price of $320.0 per contract. There were 1034 open contracts at this strike prior to today, and today 3110 contract(s) were bought and sold. 
• Regarding BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we observe a call option sweep with bearish sentiment. It expires in 37 day(s) on October 18, 2024. Parties traded 300 contract(s) at a $90.00 strike. This particular call needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $44.1K, with a price of $147.0 per contract. There were 19947 open contracts at this strike prior to today, and today 2038 contract(s) were bought and sold. 
• For NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), we notice a call option sweep that happens to be bearish, expiring in 492 day(s) on January 16, 2026. This event was a transfer of 253 contract(s) at a $5.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $55.1K, with a price of $218.0 per contract. There were 35598 open contracts at this strike prior to today, and today 780 contract(s) were bought and sold. 
• Regarding TPR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPR#NYSE">TPR</a>), we observe a put option sweep with neutral sentiment. It expires in 128 day(s) on January 17, 2025. Parties traded 311 contract(s) at a $35.00 strike. This particular put needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $35.8K, with a price of $115.0 per contract. There were 1358 open contracts at this strike prior to today, and today 311 contract(s) were bought and sold. 
• Regarding W (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>), we observe a put option sweep with bearish sentiment. It expires in 282 day(s) on June 20, 2025. Parties traded 82 contract(s) at a $40.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $59.4K, with a price of $725.0 per contract. There were 3156 open contracts at this strike prior to today, and today 307 contract(s) were bought and sold. 
• For PTON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTON#NASDAQ">PTON</a>), we notice a call option sweep that happens to be bullish, expiring in 128 day(s) on January 17, 2025. This event was a transfer of 375 contract(s) at a $5.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $26.7K, with a price of $72.0 per contract. There were 22700 open contracts at this strike prior to today, and today 295 contract(s) were bought and sold. 
• For CPRI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPRI#NYSE">CPRI</a>), we notice a put option trade that happens to be bearish, expiring in 128 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $27.50 strike. The total cost received by the writing party (or parties) was $44.0K, with a price of $440.0 per contract. There were 4903 open contracts at this strike prior to today, and today 238 contract(s) were bought and sold. 
• For CZR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>), we notice a call option sweep that happens to be bullish, expiring in 65 day(s) on November 15, 2024. This event was a transfer of 100 contract(s) at a $36.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $29.4K, with a price of $294.0 per contract. There were 0 open contracts at this strike prior to today, and today 137 contract(s) were bought and sold. 
• For ETSY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>), we notice a call option sweep that happens to be bullish, expiring in 100 day(s) on December 20, 2024. This event was a transfer of 92 contract(s) at a $50.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $53.8K, with a price of $585.0 per contract. There were 480 open contracts at this strike prior to today, and today 108 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BABA

CPRI

LCID

Morgan Stanley analyst Stephen Grambling maintains Caesars Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>) with a Equal-Weight and lowers the price target from $41 to $40.

Price Target

Analyst Ratings

Morgan Stanley Maintains Equal-Weight on Caesars Entertainment, Lowers Price Target to $40

Caesars Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>) has been analyzed by 10 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $51.1, along with a high estimate of $62.00 and a low estimate of $33.00. This current average represents a 2.85% decrease from the previous average price target of $52.60. 
<img src="https://www.benzinga.com/files/images/story/2024/1724331617_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The perception of Caesars Entertainment by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jordan Bender</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Market Outperform</td>
<td>$59.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Joseph Stauff</td>
<td>Susquehanna</td>
<td>Maintains</td>
<td>Negative</td>
<td>$33.00</td>
<td>$33.00</td>
</tr>
<tr>
<td>Daniel Politzer</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$56.00</td>
<td>$53.00</td>
</tr>
<tr>
<td>Steven Wieczynski</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$56.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>David Katz</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Buy</td>
<td>$60.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Jordan Bender</td>
<td>JMP Securities</td>
<td>Lowers</td>
<td>Market Outperform</td>
<td>$58.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Daniel Politzer</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$53.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Joseph Stauff</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Negative</td>
<td>$33.00</td>
<td>$44.00</td>
</tr>
<tr>
<td>Stephen Grambling</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$41.00</td>
<td>$43.00</td>
</tr>
<tr>
<td>David Katz</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Buy</td>
<td>$62.00</td>
<td>$65.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Caesars Entertainment. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Caesars Entertainment compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Caesars Entertainment's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Caesars Entertainment's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CZR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Caesars Entertainment analyst ratings.</a>
<h2>All You Need to Know About Caesars Entertainment</h2>
Caesars Entertainment includes about 50 domestic gaming properties across Las Vegas (49% of 2023 EBITDAR before corporate expenses) and regional (48%) markets. Additionally, the company hosts managed properties and digital assets, the later of which produced marginal EBITDA in 2023. Caesars' US presence roughly doubled with the 2020 acquisition by Eldorado, which built its first casino in Reno, Nevada, in 1973 and expanded its presence through prior acquisitions to over 20 properties before merging with legacy Caesars. Caesars' brands include Caesars, Harrah's, Tropicana, Bally's, Isle, and Flamingo. Also, the company owns the US portion of William Hill (it sold the international operation in 2022), a digital sports betting platform.
<h3>Caesars Entertainment: Financial Performance Dissected</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Challenges: Caesars Entertainment's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -1.7%. This indicates a decrease in top-line earnings. When compared to others in the Consumer Discretionary sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Caesars Entertainment's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -4.31%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Caesars Entertainment's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -2.8%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Caesars Entertainment's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -0.37%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Caesars Entertainment's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 2.85.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Expert Outlook: Caesars Entertainment Through The Eyes Of 10 Analysts

JMP Securities analyst Jordan Bender maintains Caesars Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>) with a Market Outperform and raises the price target from $58 to $59.

JMP Securities Maintains Market Outperform on Caesars Entertainment, Raises Price Target to $59

Expansion builds on prior New Jersey and Michigan content launches bringing exclusive game titles to new markets
Bragg Gaming Group ((<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;,%20url=https%3A%2F%2Fwww.nasdaq.com%2Fmarket-activity%2Fstocks%2Fbrag&amp;,%20esheet=54111282&amp;,%20newsitemid=20240820320573&amp;,%20lan=en-US&amp;,%20anchor=NASDAQ%3A+BRAG&amp;,%20index=1&amp;,%20NASDAQ:%3Ca%20class=">BRAG</a>, <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;,%20url=https%3A%2F%2Fmoney.tmx.com%2Fen%2Fquote%2FBRAG&amp;,%20esheet=54111282&amp;,%20newsitemid=20240820320573&amp;,%20lan=en-US&amp;,%20anchor=TSX%3A+BRAG&amp;,%20index=2&amp;,%20TSX:%3Ca%20class=">BRAG</a>) ("Bragg" or the "Company") is proud to confirm the launch of its newest games and Remote Gaming Server (RGS) technology with Caesars Digital in both Pennsylvania and Ontario.
The launch marks the expansion of Bragg's existing partnership with Caesars Digital, following earlier launches in New Jersey and Michigan respectively, doubling the number of states/provinces in which Bragg content is offered on Caesars Palace Online Casino and Caesars Sportsbook &amp; Casino. The expansion also deepens the partnership between the two companies.

BRAG

Bragg Gaming Expands Partnership With Caesars Digital To Pennsylvania And Ontario

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$212.50</td>
<td>$43.1K</td>
<td>1.2K</td>
<td>69.3K</td>
</tr>
<tr>
<td>LAZR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$1.50</td>
<td>$121.0K</td>
<td>1.3K</td>
<td>9.4K</td>
</tr>
<tr>
<td>BABA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$80.00</td>
<td>$28.8K</td>
<td>2.9K</td>
<td>6.9K</td>
</tr>
<tr>
<td>TPR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$42.50</td>
<td>$32.1K</td>
<td>1.8K</td>
<td>5.2K</td>
</tr>
<tr>
<td>W</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$41.00</td>
<td>$58.0K</td>
<td>1.5K</td>
<td>947</td>
</tr>
<tr>
<td>AMZN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$180.00</td>
<td>$151.6K</td>
<td>6.1K</td>
<td>651</td>
</tr>
<tr>
<td>CZR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$33.00</td>
<td>$125.0K</td>
<td>399</td>
<td>620</td>
</tr>
<tr>
<td>LI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/23/24</td>
<td>$19.50</td>
<td>$34.6K</td>
<td>76</td>
<td>562</td>
</tr>
<tr>
<td>NKE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$80.00</td>
<td>$35.0K</td>
<td>5.9K</td>
<td>353</td>
</tr>
<tr>
<td>NIO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$2.00</td>
<td>$53.0K</td>
<td>226</td>
<td>307</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a put option sweep that happens to be bullish, expiring in 1 day(s) on August 16, 2024. This event was a transfer of 235 contract(s) at a $212.50 strike. This particular put needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $43.1K, with a price of $183.0 per contract. There were 1228 open contracts at this strike prior to today, and today 69389 contract(s) were bought and sold. 
• Regarding LAZR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAZR#NASDAQ">LAZR</a>), we observe a call option sweep with bearish sentiment. It expires in 519 day(s) on January 16, 2026. Parties traded 4482 contract(s) at a $1.50 strike. This particular call needed to be split into 40 different trades to become filled. The total cost received by the writing party (or parties) was $121.0K, with a price of $27.0 per contract. There were 1359 open contracts at this strike prior to today, and today 9492 contract(s) were bought and sold. 
• For BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we notice a put option sweep that happens to be bearish, expiring in 1 day(s) on August 16, 2024. This event was a transfer of 275 contract(s) at a $80.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $28.8K, with a price of $105.0 per contract. There were 2933 open contracts at this strike prior to today, and today 6922 contract(s) were bought and sold. 
• Regarding TPR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPR#NYSE">TPR</a>), we observe a call option sweep with bullish sentiment. It expires in 92 day(s) on November 15, 2024. Parties traded 201 contract(s) at a $42.50 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $32.1K, with a price of $160.0 per contract. There were 1897 open contracts at this strike prior to today, and today 5257 contract(s) were bought and sold. 
• For W (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>), we notice a call option sweep that happens to be bullish, expiring in 1 day(s) on August 16, 2024. This event was a transfer of 203 contract(s) at a $41.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $58.0K, with a price of $285.0 per contract. There were 1521 open contracts at this strike prior to today, and today 947 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a put option sweep that happens to be bullish, expiring in 309 day(s) on June 20, 2025. This event was a transfer of 82 contract(s) at a $180.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $151.6K, with a price of $1849.0 per contract. There were 6192 open contracts at this strike prior to today, and today 651 contract(s) were bought and sold. 
• Regarding CZR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>), we observe a call option sweep with bullish sentiment. It expires in 36 day(s) on September 20, 2024. Parties traded 250 contract(s) at a $33.00 strike. This particular call needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $125.0K, with a price of $500.0 per contract. There were 399 open contracts at this strike prior to today, and today 620 contract(s) were bought and sold. 
• For LI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), we notice a put option sweep that happens to be bullish, expiring in 8 day(s) on August 23, 2024. This event was a transfer of 488 contract(s) at a $19.50 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $34.6K, with a price of $71.0 per contract. There were 76 open contracts at this strike prior to today, and today 562 contract(s) were bought and sold. 
• For NKE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), we notice a put option trade that happens to be bullish, expiring in 64 day(s) on October 18, 2024. This event was a transfer of 100 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $35.0K, with a price of $350.0 per contract. There were 5900 open contracts at this strike prior to today, and today 353 contract(s) were bought and sold. 
• Regarding NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), we observe a call option trade with bullish sentiment. It expires in 309 day(s) on June 20, 2025. Parties traded 250 contract(s) at a $2.00 strike. The total cost received by the writing party (or parties) was $53.0K, with a price of $212.0 per contract. There were 226 open contracts at this strike prior to today, and today 307 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CBRL

CNTY

SHAK

YUMC

Shares of hotel, restaurant and leisure companies are trading higher following strong economic data that helps ease recession concerns.

Hedge Funds

13F Shows Carl Icahn Took 2.44M Share Stake In Caesars

High-rolling investors have positioned themselves bullish on Caesars Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in CZR often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Caesars Entertainment. This is not a typical pattern.
The sentiment among these major traders is split, with 75% bullish and 12% bearish. Among all the options we identified, there was one put, amounting to $75,731, and 7 calls, totaling $833,307.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $32.0 to $50.0 for Caesars Entertainment during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Caesars Entertainment's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Caesars Entertainment's substantial trades, within a strike price spectrum from $32.0 to $50.0 over the preceding 30 days.
<h3>Caesars Entertainment Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723659345_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CZR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$4.4</td>
<td>$4.1</td>
<td>$4.35</td>
<td>$50.00</td>
<td>$327.8K</td>
<td>8.3K</td>
<td>765</td>
</tr>
<tr>
<td>CZR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$4.4</td>
<td>$4.15</td>
<td>$4.35</td>
<td>$50.00</td>
<td>$247.2K</td>
<td>8.3K</td>
<td>1.6K</td>
</tr>
<tr>
<td>CZR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$3.9</td>
<td>$3.85</td>
<td>$3.85</td>
<td>$32.00</td>
<td>$80.0K</td>
<td>714</td>
<td>300</td>
</tr>
<tr>
<td>CZR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$8.95</td>
<td>$8.8</td>
<td>$8.8</td>
<td>$42.00</td>
<td>$75.7K</td>
<td>0</td>
<td>28</td>
</tr>
<tr>
<td>CZR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$3.9</td>
<td>$3.85</td>
<td>$3.85</td>
<td>$32.00</td>
<td>$60.4K</td>
<td>714</td>
<td>499</td>
</tr>
</tbody>
</table>

<h3>About Caesars Entertainment</h3>
Caesars Entertainment includes about 50 domestic gaming properties across Las Vegas (49% of 2023 EBITDAR before corporate expenses) and regional (48%) markets. Additionally, the company hosts managed properties and digital assets, the later of which produced marginal EBITDA in 2023. Caesars' US presence roughly doubled with the 2020 acquisition by Eldorado, which built its first casino in Reno, Nevada, in 1973 and expanded its presence through prior acquisitions to over 20 properties before merging with legacy Caesars. Caesars' brands include Caesars, Harrah's, Tropicana, Bally's, Isle, and Flamingo. Also, the company owns the US portion of William Hill (it sold the international operation in 2022), a digital sports betting platform.
After a thorough review of the options trading surrounding Caesars Entertainment, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Caesars Entertainment's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 2,126,609, the CZR's price is up by 0.71%, now at $35.49. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 76 days.</li>
</ul>
<h3>Professional Analyst Ratings for Caesars Entertainment</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $51.2.
<ul>
<li>Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Caesars Entertainment with a target price of $56. </li>
<li>Maintaining their stance, an analyst from Stifel continues to hold a Buy rating for Caesars Entertainment, targeting a price of $56. </li>
<li>Consistent in their evaluation, an analyst from Susquehanna keeps a Negative rating on Caesars Entertainment with a target price of $33. </li>
<li>Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Caesars Entertainment with a target price of $53. </li>
<li>Consistent in their evaluation, an analyst from JMP Securities keeps a Market Outperform rating on Caesars Entertainment with a target price of $58. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Caesars Entertainment options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

What the Options Market Tells Us About Caesars Entertainment

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$210.00</td>
<td>$55.1K</td>
<td>27.2K</td>
<td>81.3K</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$90.00</td>
<td>$55.3K</td>
<td>264</td>
<td>80.4K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$170.00</td>
<td>$62.4K</td>
<td>44.5K</td>
<td>48.7K</td>
</tr>
<tr>
<td>CZR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$45.00</td>
<td>$40.5K</td>
<td>314</td>
<td>13.4K</td>
</tr>
<tr>
<td>CPRI</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$55.00</td>
<td>$450.0K</td>
<td>14.8K</td>
<td>12.0K</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$75.00</td>
<td>$170.9K</td>
<td>1.3K</td>
<td>3.8K</td>
</tr>
<tr>
<td>DKNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$35.00</td>
<td>$648.0K</td>
<td>7.0K</td>
<td>2.4K</td>
</tr>
<tr>
<td>PDD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$140.00</td>
<td>$69.0K</td>
<td>1.0K</td>
<td>1.2K</td>
</tr>
<tr>
<td>CPNG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/23/24</td>
<td>$23.50</td>
<td>$25.5K</td>
<td>6</td>
<td>1.0K</td>
</tr>
<tr>
<td>SG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$50.00</td>
<td>$32.1K</td>
<td>382</td>
<td>415</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option trade that happens to be bearish, expiring in 3 day(s) on August 16, 2024. This event was a transfer of 195 contract(s) at a $210.00 strike. The total cost received by the writing party (or parties) was $55.1K, with a price of $283.0 per contract. There were 27219 open contracts at this strike prior to today, and today 81311 contract(s) were bought and sold. 
• For SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we notice a put option sweep that happens to be bullish, expiring in 3 day(s) on August 16, 2024. This event was a transfer of 549 contract(s) at a $90.00 strike. This particular put needed to be split into 68 different trades to become filled. The total cost received by the writing party (or parties) was $55.3K, with a price of $100.0 per contract. There were 264 open contracts at this strike prior to today, and today 80453 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on August 16, 2024. Parties traded 312 contract(s) at a $170.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $62.4K, with a price of $200.0 per contract. There were 44507 open contracts at this strike prior to today, and today 48763 contract(s) were bought and sold. 
• For CZR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>), we notice a call option sweep that happens to be bearish, expiring in 311 day(s) on June 20, 2025. This event was a transfer of 108 contract(s) at a $45.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $40.5K, with a price of $375.0 per contract. There were 314 open contracts at this strike prior to today, and today 13499 contract(s) were bought and sold. 
• For CPRI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPRI#NYSE">CPRI</a>), we notice a call option trade that happens to be neutral, expiring in 157 day(s) on January 17, 2025. This event was a transfer of 10000 contract(s) at a $55.00 strike. The total cost received by the writing party (or parties) was $450.0K, with a price of $45.0 per contract. There were 14871 open contracts at this strike prior to today, and today 12083 contract(s) were bought and sold. 
• Regarding CMG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), we observe a call option sweep with bearish sentiment. It expires in 157 day(s) on January 17, 2025. Parties traded 3791 contract(s) at a $75.00 strike. This particular call needed to be split into 40 different trades to become filled. The total cost received by the writing party (or parties) was $170.9K, with a price of $45.0 per contract. There were 1363 open contracts at this strike prior to today, and today 3838 contract(s) were bought and sold. 
• For DKNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), we notice a call option sweep that happens to be neutral, expiring in 157 day(s) on January 17, 2025. This event was a transfer of 2160 contract(s) at a $35.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $648.0K, with a price of $299.0 per contract. There were 7071 open contracts at this strike prior to today, and today 2497 contract(s) were bought and sold. 
• For PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we notice a put option sweep that happens to be bearish, expiring in 94 day(s) on November 15, 2024. This event was a transfer of 77 contract(s) at a $140.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $69.0K, with a price of $898.0 per contract. There were 1042 open contracts at this strike prior to today, and today 1279 contract(s) were bought and sold. 
• For CPNG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPNG#NYSE">CPNG</a>), we notice a put option sweep that happens to be bullish, expiring in 10 day(s) on August 23, 2024. This event was a transfer of 250 contract(s) at a $23.50 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $25.5K, with a price of $102.0 per contract. There were 6 open contracts at this strike prior to today, and today 1000 contract(s) were bought and sold. 
• Regarding SG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SG#NYSE">SG</a>), we observe a call option trade with bearish sentiment. It expires in 339 day(s) on July 18, 2025. Parties traded 63 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $32.1K, with a price of $510.0 per contract. There were 382 open contracts at this strike prior to today, and today 415 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CPNG

Citigourp Global Markets 2% Protected Notes Linked To The Djia

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>RIVN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/30/24</td>
<td>$16.00</td>
<td>$800.5K</td>
<td>434</td>
<td>18.3K</td>
</tr>
<tr>
<td>AMZN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/09/24</td>
<td>$155.00</td>
<td>$67.5K</td>
<td>9.9K</td>
<td>11.2K</td>
</tr>
<tr>
<td>SERV</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$11.00</td>
<td>$63.0K</td>
<td>12</td>
<td>2.7K</td>
</tr>
<tr>
<td>MGM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>08/09/24</td>
<td>$35.00</td>
<td>$35.6K</td>
<td>324</td>
<td>1.8K</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$85.00</td>
<td>$38.0K</td>
<td>9.2K</td>
<td>1.6K</td>
</tr>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$200.00</td>
<td>$38.0K</td>
<td>4.3K</td>
<td>1.2K</td>
</tr>
<tr>
<td>NKE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$75.00</td>
<td>$74.7K</td>
<td>7.9K</td>
<td>916</td>
</tr>
<tr>
<td>PDD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$130.00</td>
<td>$30.6K</td>
<td>6.0K</td>
<td>836</td>
</tr>
<tr>
<td>CZR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$39.00</td>
<td>$58.8K</td>
<td>1.5K</td>
<td>602</td>
</tr>
<tr>
<td>ETSY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$45.00</td>
<td>$33.9K</td>
<td>1.1K</td>
<td>521</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For RIVN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), we notice a call option trade that happens to be bullish, expiring in 24 day(s) on August 30, 2024. This event was a transfer of 8339 contract(s) at a $16.00 strike. The total cost received by the writing party (or parties) was $800.5K, with a price of $96.0 per contract. There were 434 open contracts at this strike prior to today, and today 18392 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a put option trade that happens to be bullish, expiring in 3 day(s) on August 9, 2024. This event was a transfer of 1500 contract(s) at a $155.00 strike. The total cost received by the writing party (or parties) was $67.5K, with a price of $45.0 per contract. There were 9915 open contracts at this strike prior to today, and today 11261 contract(s) were bought and sold. 
• For SERV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>), we notice a call option trade that happens to be bearish, expiring in 10 day(s) on August 16, 2024. This event was a transfer of 100 contract(s) at a $11.00 strike. The total cost received by the writing party (or parties) was $63.0K, with a price of $630.0 per contract. There were 12 open contracts at this strike prior to today, and today 2765 contract(s) were bought and sold. 
• For MGM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>), we notice a call option sweep that happens to be neutral, expiring in 3 day(s) on August 9, 2024. This event was a transfer of 415 contract(s) at a $35.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $35.6K, with a price of $84.0 per contract. There were 324 open contracts at this strike prior to today, and today 1813 contract(s) were bought and sold. 
• Regarding SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we observe a call option sweep with bearish sentiment. It expires in 73 day(s) on October 18, 2024. Parties traded 464 contract(s) at a $85.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $38.0K, with a price of $82.0 per contract. There were 9208 open contracts at this strike prior to today, and today 1691 contract(s) were bought and sold. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a call option trade with bearish sentiment. It expires in 864 day(s) on December 18, 2026. Parties traded 5 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $38.0K, with a price of $7600.0 per contract. There were 4315 open contracts at this strike prior to today, and today 1208 contract(s) were bought and sold. 
• For NKE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), we notice a put option sweep that happens to be bearish, expiring in 73 day(s) on October 18, 2024. This event was a transfer of 130 contract(s) at a $75.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $74.7K, with a price of $575.0 per contract. There were 7943 open contracts at this strike prior to today, and today 916 contract(s) were bought and sold. 
• For PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we notice a put option trade that happens to be bullish, expiring in 73 day(s) on October 18, 2024. This event was a transfer of 42 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $30.6K, with a price of $730.0 per contract. There were 6017 open contracts at this strike prior to today, and today 836 contract(s) were bought and sold. 
• Regarding CZR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>), we observe a call option trade with bearish sentiment. It expires in 136 day(s) on December 20, 2024. Parties traded 200 contract(s) at a $39.00 strike. The total cost received by the writing party (or parties) was $58.8K, with a price of $294.0 per contract. There were 1582 open contracts at this strike prior to today, and today 602 contract(s) were bought and sold. 
• For ETSY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>), we notice a put option sweep that happens to be bearish, expiring in 528 day(s) on January 16, 2026. This event was a transfer of 51 contract(s) at a $45.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $33.9K, with a price of $665.0 per contract. There were 1181 open contracts at this strike prior to today, and today 521 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

RIVN

Caesars' petition for new hearing before the high court is denied in case centering on deal to bring new multimillion-dollar gaming technologies to market
LAS VEGAS, Aug. 6, 2024 /PRNewswire/ -- The Nevada Supreme Court has denied a request from Caesars Entertainment to reconsider a case involving Tipping Point Gaming (TPG). TPG had been working closely with Caesars Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>) to bring new gaming technology to market. Caesars now faces a new trial on fraud claims, amongst other tort claims, after the Nevada Supreme Court reversed a decision by former District Court Judge Nancy Allf.
TPG had patented and was working with Caesars to bring new "picture in picture" technology and other valuable, first of its kind technology to casino floors when Caesars filed suit against the gaming technology engineering company.
TPG founder Sam Johnson alleged Caesars prevented him from entering a pending contract with a third party to either invest in or purchase his company. According to court documents, first, Caesars leaned on potential TPG suitor Accel Entertainment to stand down, and Accel agreed to stand down. Then, further according to court documents, when TPG could not disclose a second suitor interested in acquiring TPG due to a nondisclosure agreement, Caesars took intentional actions to kill any deal and keep TPG's product out of the hands of a possible competitor, including filing a meritless lawsuit to chill interest.

Legal

Nevada Supreme Court Has Denied A Request From Caesars Entertainment To Reconsider A Case Involving Tipping Point Gaming;  Caesars Now Faces A New Trial On Fraud Claims, Amongst Other Tort Claims, After The Nevada Supreme Court Reversed A Decision

Stocks declined <a href="https://www.benzinga.com/government/24/08/40168075/markets-are-ripe-for-negativity-but-financial-expert-urges-investors-to-pick-up-some-deals">across the board</a> on Monday as investors worried that the U.S. economy was weakening after Friday&#8217;s cooler-than-expected jobs report.
The Dow Jones Industrial Average fell 2.6%, or 1,034 points, and the S&amp;P 500 shed 3%, or 160 points, to mark their greatest one-day losses since September 2022. The tech-heavy Nasdaq Composite dropped 3.4%.
The biggest losers on the Dow were all tech stocks. Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) fell 6.38% to close at $20.11, while Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) slipped 4.82 to $209.27 and Cisco Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) dropped 4.11% to $44.74.
Caesars Entertainment Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>) declined 6.90% to close at $33.20 on Monday to lead losses on the S&amp;P 500. Walgreens Boots Alliance, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) lost 6.62% to land at $10.72 while Etsy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>) fell 6.57% to close at $55.45.
Read Also: <a href="https://www.benzinga.com/24/08/40170374/unwinding-of-japanese-yen-carry-trade-boosts-the-case-for-supersized-rate-cut-economist-says">Unwinding Of Japanese Yen Carry Trade Boosts The Case For &#8216;Supersized&#8217; Rate Cut, Economist Says</a>
Exchange-traded funds that track the Dow and the S&amp;P 500 also fell on Monday. The SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) slipped 2.60% and the  SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 2.91%.
Monday was only the 15th time in the Dow&#8217;s history that it lost more than 1,000 points in one day, according to FactSet data, CNN <a href="https://www.cnn.com/business/live-news/global-stock-markets-plunge/index.html">reported</a>.
Japanese stocks also plummeted the most in one day since 1987 as jitters over a slowing U.S. economy pulled down global markets.The Nikkei 225 index of leading stocks in Tokyo lost 4,451 points, or more than 12% to register its biggest drop ever.
Oil prices also declined as West Texas Intermediate crude futures, the U.S. benchmark, settled at $72.94 a barrel and Brent crude futures, the international benchmark, landed at $76.30 a barrel.
Traders see an 85% expectation that the Fed will cut rates by half a point the next time it meets on Sept. 18, according to the CME FedWatch Tool.
Read Now: 
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Photo: Shutterstock

ABNB

ARKR

KRUS

MODG

SPGC

STKS

TXRH

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In a report released today, David Katz from Jefferies maintained a Buy rating on Caesars Entertainment (CZR – Research Report), with a price target...

Caesars Entertainment (CZR) Gets a Buy from Jefferies

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