Some rich people are betting a lot of money on a company called Caesars Entertainment. They think the company's stock price will go up or down in the next few months. They are using something called options to make these bets. This makes other people think something big might happen with the company soon. Read from source...

"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."

Retail traders should be aware of the recent uncommon options trades for Caesars Entertainment (CZR) by wealthy investors, as these trades may indicate insider knowledge of upcoming events or changes in the company's performance. The options scanner at Benzinga detected 9 such trades, with a bullish sentiment split between 66% bullish and 22% bearish. The trades involved 7 puts and 2 calls, with a total amount of $750,019 for the puts and $287,500 for the calls. The predicted price range for CZR is between $35.0 and $37.0 over the next three months. The overall options market sentiment for CZR is neutral, with a current RSI value of 53.76. Analysts have an average target price of $48.6 for CZR, with ratings ranging from Equal-Weight to Buy.