20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Financial giants have made a conspicuous bearish move on Take-Two Interactive. Our analysis of options history for Take-Two Interactive (NASDAQ:TTWO) revealed 11 unusual trades.
Delving into the details, we found 45% of traders were bullish, while 54% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $673,649, and 7 were calls, valued at $402,420.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $130.0 to $165.0 for Take-Two Interactive during the past quarter.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Take-Two Interactive stands at 1608.56, with a total volume reaching 5,579.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Take-Two Interactive, situated within the strike price corridor from $130.0 to $165.0, throughout the last 30 days.
Take-Two Interactive Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TTWO | PUT | TRADE | BEARISH | 02/16/24 | $155.00 | $396.3K | 3.2K | 2.2K |
| TTWO | PUT | SWEEP | BULLISH | 03/22/24 | $145.00 | $198.9K | 2.8K | 1.5K |
| TTWO | CALL | SWEEP | BEARISH | 06/21/24 | $165.00 | $170.9K | 5.5K | 250 |
| TTWO | CALL | TRADE | BULLISH | 06/21/24 | $165.00 | $56.2K | 5.5K | 630 |
| TTWO | CALL | SWEEP | BULLISH | 03/15/24 | $150.00 | $50.7K | 277 | 106 |
About Take-Two Interactive
Found in 1993, Take-Two consists of three wholly owned labels, Rockstar Games, 2K, and Zynga. The firm is one of the world's largest independent video game publishers on consoles, PCs, smartphones, and tablets. Take-Two's franchise portfolio is headlined by "Grand Theft Auto" (345 million units sold) and contains other well-known titles such as "NBA 2K," "Civilization," "Borderlands," "Bioshock," and "Xcom." Zynga mobile titles include "Farmville," "Empires & Puzzles," and "CSR Racing.".
Following our analysis of the options activities associated with Take-Two Interactive, we pivot to a closer look at the company's own performance.
Take-Two Interactive's Current Market Status
- Trading volume stands at 1,249,207, with TTWO's price down by -0.01%, positioned at $154.9.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 93 days.
Expert Opinions on Take-Two Interactive
5 market experts have recently issued ratings for this stock, with a consensus target price of $192.6.
- An analyst from Roth MKM persists with their Buy rating on Take-Two Interactive, maintaining a target price of $185.
- An analyst from Stifel has decided to maintain their Buy rating on Take-Two Interactive, which currently sits at a price target of $188.
- Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on Take-Two Interactive with a target price of $200.
- Reflecting concerns, an analyst from Wedbush lowers its rating to Outperform with a new price target of $190.
- An analyst from Benchmark has decided to maintain their Buy rating on Take-Two Interactive, which currently sits at a price target of $200.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Take-Two Interactive, Benzinga Pro gives you real-time options trades alerts.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!