Wednesday, March 13, 2013

Caesers Entertainment (CZR) - Vol Pops as Stock Continues 130% Rise

CZR is trading $15.52, up 8.2% with IV30™ up 13.2%. The LIVEVOL® Pro Summary is below.


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Caesars Entertainment Corporation provides casino entertainment services.

This is a quick note on some exploding vol in CZR. I found this stock using a custom scan searching for names where IV30™ is up at least 10% on the day. The scan details are below with a snapshot if you want to build it yourself in Livevol® Pro.

Custom Scan Details
Stock Price GTE 10
Average Option Volume GTE 1,200
Days After Earnings GTE 5 and LTE 60
IV30™ Percent Change GTE 10%
IV30™ GTE 10

The goal here is find stocks more than $10, with a greater than 10% rise in IV30™ (short-term implied) that is not due to an earnings date, with enough option liquidity to trade.

The CZR one-year Charts Tab is included (below). The top portion is the stock price, the bottom is the vol (IV30™ - red vs HV20 - blue vs HV180 - pink).

On the stock side we can see the awesome price appreciation of late. On 12-28-2012 this was a $6.73 stock. As of today it is up more than 125% from that level. We can see a gap up pre-earnings, then another abrupt trend up after the earnings announcement. Then, there's today -- the stock is up another 8.2% and the vol is following, up 13.2%. Still, the IV30™ is just in the 34th percentile (annual), and given all that has happened of late, that is noteworthy, IMHO.

Finally, let's turn to the Options Tab.

Across the top we can see not only that Apr vol is up, but even the two and a half day options in Mar are up, and quite substantially. This is a compelling one to examine, even for analysis in Mar positions.

This is trade analysis, not a recommendation.

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