11000 CZR Sep15 10/11 call spreads went up several blocks on the ARCA marked spread. ??
Shares of Ceasars Entertainment Corp (CZR) are down .03 to 10.82 today. ?CZR is near the top of the range.
- Paper traded 11000 CZR Sep15 10/11 call spreads for .425.?
- The ADV is 1255 contracts.?
- The OI is 6908 and 13619 contracts.
The volume went up several blocks on the ARCA marked spread. ??The trader appears to be rolling down to the 10s with an over write.? Essentially they do not think the stock has much upside and are selling calls closer to the money if this is an open/close spread.? Check the OI this to confirm but usually this is an income generating strategy against long stock.
- IV 30 is trading for 35% ?
- HV10 is trading for 36%.?
- IV 30 is trading above the HV 10.
Caesars Entertainment Corporation is a holding company. The Company provides casino-entertainment and hospitality services. The Company’s segments include Caesars Entertainment Resort Properties, LLC (CERP), Caesars Growth Partners, LLC (CGP) and Other. The Company’s facilities include gaming offerings, food and beverage outlets, hotel and convention space, and non-gaming entertainment options