Caesars Entertainment, Inc. (CZR)
Overview · Option chain · Volatility · Expected-move history · Earnings
Cboe delayed options data · as of 15:35 UTC · Figures derived from the full chain (844 contracts, 18 expirations) · IV own-history percentile appears after 60 recorded days (29 so far)
Expected move · Oct 30, 2026 (10 days)
Methodology →Read from option prices: the at-the-money straddle costs this much, so the market is pricing a move of about that size in either direction by this date. It is an estimate of movement, not a prediction of direction.
Options are pricing a move of about ±8.1% (range 26.57–31.28) by Oct 30, 2026. ATM straddle: 2.35 @ strike 29 · ATM IV: 60.7%.
Probability distribution
Model & assumptions →The curve shows where a lognormal model, fed with current implied volatility, puts the range of outcomes at this expiration. Shaded: the expected-move band.
| Level | vs price | P(above)Model-estimated chance the stock finishes above a level at expiration, derived from current IV under a lognormal model with stated assumptions — an estimate, not a prediction. | P(below) |
|---|---|---|---|
| 26.03 | -10% | 84.1% | 15.9% |
| 27.48 | -5% | 67.7% | 32.3% |
| 28.93 | +0% | 48.0% | 52.0% |
| 30.37 | +5% | 29.7% | 70.3% |
| 31.82 | +10% | 15.9% | 84.1% |
Model-estimated probabilities of finishing above/below each level at expiration: estimates under stated assumptions, not predictions.
Probability explorer
Drag the slider to any level and see the model-estimated chance the stock finishes above or below it at the selected expiration.
Horizon: Oct 30, 2026 · lognormal model with zero drift: an estimate, not a prediction. Assumptions
Expirations
Open the chain →| Expires | DTEDays to expiration, in calendar days. | Implied move | ATM IV | Open int. |
|---|---|---|---|---|
| Oct 23, 2026 | 3 | ±1.1% | 14.8% | 1,470 |
| Oct 30, 2026 | 10 | ±8.1% | 60.7% | 3,518 |
| Nov 06, 2026 | 17 | ±8.6% | 49.4% | 426 |
| Nov 13, 2026 | 24 | ±8.6% | 41.6% | 28 |
| Nov 20, 2026 | 31 | ±8.7% | 37.2% | 2,009 |
| Nov 27, 2026 | 38 | ±8.8% | 34.2% | 2 |
| Dec 18, 2026 | 59 | ±7.1% | 22.0% | 30.0K |
| Jan 15, 2027 | 87 | ±8.5% | 21.8% | 38.5K |
| Mar 19, 2027 | 150 | ±11.5% | 22.6% | 9,471 |
| Apr 16, 2027 | 178 | ±9.1% | 16.1% | 0 |
Open interest by strike · Oct 30
Where option positions are concentrated. Teal bars are calls, red bars are puts; the dashed line is the current price.
Largest open-interest concentrations (all expirations ≤ 60 days): 30 C · 8,76835 C · 3,13740 C · 2,66128 P · 2,60920 P · 1,884
IV term structure
Volatility page →At-the-money implied volatility for each expiration. A hump around a date often marks a scheduled event the market is pricing.
When does open interest expire?
Implied vs realized volatility
HV from our stored daily closes (annualized); IV30 interpolated from the chain. Method
Price, last 60 sessions
Daily closes; Financial Modeling Prep.
Track record
Full history →Of 121 recorded snapshot-versus-outcome comparisons so far, the close landed inside the expected range 84.3% of the time.
Past earnings reactions
Avg |reaction| 4.9% · median 3.0% (20 reports). Two-session close-to-close window; definition
About Caesars Entertainment, Inc.
Caesars Entertainment, Inc. stands as a prominent gaming and lodging enterprise with extensive operations throughout the United States. The company manages numerous casinos, offering diverse gambling options like poker, keno, horse racing, and digital sports wagering platforms. Beyond its gaming ventures, Caesars provides a broad spectrum of leisure and accommodation services, including dining establishments, bars, nightclubs, lounges, hotels, and various entertainment facilities. Additionally, it offers staffing and management support, sells merchandise such as accessories and souvenirs via its retail outlets, and operates online sports betting and iGaming services. By the close of 2021, its portfolio encompassed 52 properties located across 16 U.S. states, which were either owned, leased, or managed. These establishments collectively featured approximately 55,700 slot machines, video lottery terminals, and electronic gaming tables; 2,900 traditional table games; and 47,700 guest rooms. Established in 1937, Caesars Entertainment, Inc. maintains its corporate headquarters in Reno, Nevada.
Consumer Cyclical · Gambling, Resorts & Casinos · NASDAQ · Profile: Financial Modeling Prep
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