27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Investors with a lot of money to spend have taken a bearish stance on Take-Two Interactive (NASDAQ:TTWO).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with TTWO, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 12 uncommon options trades for Take-Two Interactive.
This isn't normal.
The overall sentiment of these big-money traders is split between 8% bullish and 91%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $279,259, and 5 are calls, for a total amount of $281,060.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $145.0 to $200.0 for Take-Two Interactive over the recent three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Take-Two Interactive stands at 263.5, with a total volume reaching 2,600.00. 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 $145.0 to $200.0, throughout the last 30 days.
Take-Two Interactive Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TTWO | PUT | SWEEP | NEUTRAL | 01/17/25 | $145.00 | $67.1K | 385 | 244 |
| TTWO | CALL | TRADE | NEUTRAL | 01/16/26 | $200.00 | $64.0K | 59 | 173 |
| TTWO | CALL | TRADE | BEARISH | 01/16/26 | $200.00 | $64.0K | 59 | 122 |
| TTWO | CALL | TRADE | BEARISH | 01/16/26 | $200.00 | $63.5K | 59 | 223 |
| TTWO | PUT | SWEEP | NEUTRAL | 01/17/25 | $145.00 | $51.5K | 385 | 74 |
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.".
After a thorough review of the options trading surrounding Take-Two Interactive, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Take-Two Interactive Standing Right Now?
- Currently trading with a volume of 705,158, the TTWO's price is down by -0.18%, now at $152.17.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 82 days.
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.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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