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Consumer Discretionary · Consumer

CZR Implied Volatility, IV Rank & Options Chain

Caesars Entertainment (CZR) options data: IV rank, options chain, GEX and Greeks. Comprehensive options market data for Caesars Entertainment (CZR).

Updated Reference data

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On this page
  1. Key facts
  2. Company overview
  3. Options market
  4. Volatility profile
  5. GEX analysis
  6. Common strategies
  7. FAQ

CZR options trade with implied volatility typically in the 28% - 60% range, averaging N/A in daily volume with good liquidity. Next earnings: See earnings calendar. Weekly options and LEAPS are available.

CZR implied volatility

As of 2026-09-01

As of 2026-09-01, CZR's 30-day implied volatility is 19.4%, placing its 1-year IV percentile at 18.0 — above 18.0% of the past year's daily IV readings, a low-IV, premium-buying regime favoring long calls/puts and debit spreads.

19.4%30-day IV
18.01-year IV rank

CZR live chain, Greeks and GEX

Terminal

Every figure above is reference data. The live CZR chain, its Greeks, the gamma profile and the flow tape update through the session inside the Terminal.

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CZR options at a glance

Daily volume
N/A
IV range
28% - 60%
Bid-ask spread
N/A
Expirations
Weekly, monthly, LEAPS
Open interest
N/A
Next earnings
See earnings calendar
GoodLiquidity
28% - 60%IV Range
$8B+Market Cap
YesWeeklies

About Caesars Entertainment (CZR)

Caesars Entertainment is one of the largest gaming and hospitality companies globally, operating casinos and resorts under the Caesars, Harrah's, and Horseshoe brands.

Company profile

Sector
Consumer Discretionary
Industry
Resorts & Casinos
Market cap
$8B+
Exchange
NASDAQ

Key dates

Next earnings
See earnings calendar
Earnings frequency
Quarterly
Dividend schedule
See company page
Fiscal year end
December

Caesars Entertainment operates in the Consumer Discretionary sector.

CZR options market overview

CZR options provide good liquidity for options traders.

Average daily volume
N/A
Total open interest
N/A
Put/call ratio
N/A
Typical ATM spread
N/A
Weekly options
Available
LEAPS available
Yes

Liquidity assessment: Good

CZR options are available for trading across multiple expirations.

CZR implied volatility and IV rank

CZR implied volatility reflects consumer spending trends and competitive dynamics. IV patterns are influenced by earnings, sales data, and consumer sentiment.

28% - 36%Low IV, below average
36% - 52%Typical, normal conditions
52% - 60%Elevated, above average

Earnings impact

IV typically expands before earnings and contracts after the announcement.

The post-earnings volatility drop is known as IV crush. Holders of short CZR options should also understand early assignment risk around dividends and expiration.

Historical volatility vs IV

CZR IV generally trades near historical volatility, with premiums expanding around earnings.

Term structure

Typically upward sloping under normal conditions.

The smile, the term structure and the cone for CZR, on today's chain.

Open the Volatility Lab

CZR gamma exposure (GEX)

Gamma Exposure analysis for CZR reveals dealer hedging dynamics at key strike levels.

  • Typical GEX profile. CZR tends to operate in a positive gamma environment during normal conditions.
  • Key levels.
  • Dealer hedging.

Where the gamma sits on CZR right now, strike by strike.

See live CZR GEX

Common CZR options strategies

These are strategies commonly used by traders on CZR options, based on typical market characteristics. This is not investment advice.

Key considerations for CZR options

  • CZR options liquidity varies by expiration - prefer near-term and monthly expirations for tighter spreads
  • Monitor earnings dates for IV expansion/contraction patterns
  • Consider the stock's beta when sizing positions

CZR key events

Earnings months. January, April, July, October

Written by
ApexVol Research Team
Quantitative options research. All calculations use live institutional-grade data — the same source professional volatility desks use.
Reviewed by
Ryan Silk, ApexVol Founder
Reviewed for technical accuracy. 10+ years trading options; built ApexVol's pricing engine, Greeks model and IV-rank methodology.

Revised as market conditions and institutional data change. Last revised 2026-09-01. How we research →

Track this name's volatility weekly. The week's biggest IV movers and the expected earnings moves, straight from the data.

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Questions

Frequently asked
about CZR options.

What is CZR's typical implied volatility?

CZR implied volatility typically ranges from 28% - 60%.

Does CZR have weekly options?

CZR offers weekly options.

What is CZR's options trading profile?

CZR (Caesars Entertainment) options trade with good liquidity, averaging N/A in daily volume, typical bid-ask spreads of N/A. Implied volatility typically falls in the 28% - 60% range. The position sits in the Consumer Discretionary category for portfolio diversification and options strategy design.

How does CZR implied volatility behave around earnings?

IV typically expands before earnings and contracts after the announcement. Next scheduled earnings: See earnings calendar. Traders often size short premium positions for the post-earnings IV crush, while long premium buyers should be aware that the IV decline can outweigh small directional moves.

What options strategies work well on CZR?

Popular strategies on CZR options include Covered Calls, Vertical Spreads, Iron Condors. Strategy selection depends on the current IV environment versus the 28% - 60% typical range, days to next earnings, and the trader's directional outlook. Higher IV regimes favour premium-selling strategies; lower IV regimes favour directional debit spreads or long premium plays.

What is CZR's gamma exposure (GEX)?

Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence CZR's intraday price action. CZR tends to operate in a positive gamma environment during normal conditions. Positive GEX tends to dampen volatility and create mean-reverting moves, while negative GEX can amplify swings. View live CZR GEX levels and the gamma-flip point on ApexVol.

What is CZR's IV rank?

CZR's IV rank shows where CZR's current implied volatility sits within its trailing 1-year range, scored 0–100. A reading near 100 means IV is near its yearly high — options are relatively expensive, which favors premium-selling strategies like credit spreads and iron condors. A reading near 0 means IV is near its yearly low, favoring premium-buying. CZR implied volatility typically ranges from 28% - 60%. Check CZR's live IV rank and percentile on ApexVol's IV analytics.

Reference data reads well.
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