If you haven`t bought the dip on CZR:
Then analyzing the options chain and the chart patterns of CZR Caesars Entertainment prior to the earnings report this week,
I would consider purchasing the 40usd strike price in the money Calls with
an expiration date of 2024-3-15,
for a premium of approximately $3.75.
If these options prove to be profitable prior to the...
Analyzing the options chain and the chart patterns of CZR Caesars Entertainment prior to the earnings report this week,
I would consider purchasing the 39usd strike price Calls with
an expiration date of 2023-11-17,
for a premium of approximately $2.57.
If these options prove to be profitable prior to the earnings release, I would sell at least half of...
Analyzing the options chain and the chart patterns of CZR Caesars Entertainment prior to the earnings report this week,
I would consider purchasing the 58usd strike price at the money Calls with
an expiration date of 2023-8-4,
for a premium of approximately $1.86.
If these options prove to be profitable prior to the earnings release, I would sell at least half of...
Caesars Entertainment looks great.
We can see a higher low trajectory which shows an accummulation .
If the price breaks the resistance , it should fly.
MACD looks bullish. Increasing bars of positive momentum shows that bulls are in control now.
Enter the long position only when/ if the price breaks the resistance
Take profit and final target for this trade are...
CZR bounced off a year long up trendline + horizontal support with a long tail doji yesterday. Slight sell off today, thus presenting us a good time to buy in.
Target profit 1: Next immediate resistance at around $100 giving us about 2.8 R/R ratio.
Target profit 2: Next resistance at around $105 giving us about 4 R/R ratio.
If you trade options, 3 months out...
Seriously.
A friend and I were discussing how this stock is stupidly overpriced.
Their debt to equity ratio is over 5, meaning they are LOADED with debt, and the fed just acknowledged that interest rates will rise if they need to.
Ummm...why would I drive to a casino when I can just buy calls/puts on robinhood or trade crypto on coinbase?...
I save money on gas,...
A completed 5 wave move featuring an extended 5th wave can be counted here. Price rejected at the top strongly and traded back down into the extended 5th wave channel and has pulled back to the .618
Honestly I haven't seen many setups as High reward and low risk as this.
I'm buying puts.
No doubt financial leverage is going to unwind. For Caesars, a private equity darling. That unwind is maybe the most painful I've seen. Loan facilities have call rights when stocks dip below certain levels, most likely, we've cleared those levels here.
The biggest PE firms with stakes are going to be looking for strategic opportunities here, but assuming they...
New uptrend started in June with ABCD pattern.
Expecting support near where gap/T1 and bottom of new upward channel meet.
From there, we make our way to the .5 fib level as long as fundamental analysis is green and the general market doesn't take a dive.
The Caesar seems to be doing it well, but for how long? There's still a gap to play with.
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