Ratio call spread suggests bullish view on Caesars Entertainment
13:20 CZR Ratio call spread suggests bullish view on Caesars Entertainment. Shares up 86c, or .9%, near $94.72 this afternoon with call volume 3x normal at 19k contracts, vs 1200 puts, and action centered on the March 105/120 1x2 call spread, bought a total of 5k x 10k times from 97c up to $1.15 to open a new position. Initial delta near flat, but the total outlay near $550k could return profits near $7M if Caesar's shares lift 26% to the 120 strike over the next 3 months.

