Bullish Case: CZR's strategic online expansion and high call volume indicate positive sentiment and growth potential. This, coupled with bullish risk surpassing bearish, suggests possible upside.

Bearish Case: High implied volatility and debt levels, combined with economic uncertainties, suggest downside risks. Regulatory scrutiny could further exert negative pressure on the stock price.

Potential Outcomes:

• Continued mean-reversion stabilizes price (40%).
• Breakthrough from strategic expansion (25%).
• Regulatory impact or economic stress leads to decline (20%).
• Unforeseen positive events boost stock (15%).

Trading Oracle: Execute a bullish long volatility strategy with call debit spreads, taking advantage of implied volatility disparities and mean-reverting tendencies. Focus on February options to capture potential upside momentum, balancing risk with credit spreads for profitability optimization.

January 28, 2025