Bullish Case: CZR's recovery in tourism, coupled with booming digital gaming, suggests significant revenue growth. Positive sentiment in social media and strong earnings potential can drive stock price back towards previous highs amidst low implied volatility of 55.88% in upcoming terms.

Bearish Case: Despite potential growth, high debt levels and market uncertainties loom over CZR. Coupled with the recent implied volatility spikes to 235.4%, any negative news could lead to sharp declines, with investor confidence fragile post-cyberattack.

Potential Outcomes:

• Stock recovers to $40 (35% probability): Driven by positive earnings and events.
• Continued pressure; price drops to $30 (30% probability): Due to high debt and economic concerns.
• Steady price around $33 (35% probability): Market stabilizes, maintaining current trading levels.

Trading Oracle: Adopt a bullish strategy with a call debit spread: buy the 36.00 call and sell the 38.00 call, taking advantage of low volatility at 55.88%. Target February expiration for high reward potential at a risk of 1:2. This offers robust upside exposure while managing risk effectively. Adjust positions to capitalize on market movements.

December 19, 2024