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.
High-rolling investors have positioned themselves bullish on Take-Two Interactive (NASDAQ:TTWO), and it's important for retail traders to take note.\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in TTWO often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Take-Two Interactive. This is not a typical pattern.
The sentiment among these major traders is split, with 50% bullish and 50% bearish. Among all the options we identified, there was one put, amounting to $29,900, and 7 calls, totaling $1,328,065.
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 $150.0 to $175.0 for Take-Two Interactive during the past quarter.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Take-Two Interactive's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Take-Two Interactive's whale activity within a strike price range from $150.0 to $175.0 in the last 30 days.
Take-Two Interactive Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TTWO | CALL | TRADE | BULLISH | 06/21/24 | $6.35 | $6.15 | $6.3 | $160.00 | $1.1M | 8.6K | 3 |
| TTWO | CALL | TRADE | BEARISH | 01/17/25 | $19.55 | $18.5 | $18.5 | $155.00 | $46.2K | 435 | 25 |
| TTWO | CALL | SWEEP | BULLISH | 09/20/24 | $5.85 | $5.8 | $5.85 | $175.00 | $40.9K | 6.3K | 145 |
| TTWO | CALL | TRADE | BULLISH | 09/20/24 | $5.85 | $5.75 | $5.85 | $175.00 | $35.6K | 6.3K | 43 |
| TTWO | PUT | TRADE | BULLISH | 05/17/24 | $4.7 | $4.55 | $4.6 | $150.00 | $29.9K | 65 | 0 |
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.".
Having examined the options trading patterns of Take-Two Interactive, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Take-Two Interactive
- With a volume of 372,340, the price of TTWO is up 2.13% at $154.26.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 37 days.
What The Experts Say On Take-Two Interactive
2 market experts have recently issued ratings for this stock, with a consensus target price of $185.0.
- An analyst from Stifel has decided to maintain their Buy rating on Take-Two Interactive, which currently sits at a price target of $175.
- An analyst from Jefferies downgraded its action to Buy with a price target of $195.
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.
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!