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 9 options trades for Take-Two Interactive. This is not a typical pattern.
The sentiment among these major traders is split, with 55% bullish and 44% bearish. Among all the options we identified, there was one put, amounting to $31,850, and 8 calls, totaling $1,209,688.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $145.0 and $200.0 for Take-Two Interactive, spanning the last three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Take-Two Interactive stands at 2243.67, with a total volume reaching 2,207.00. 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 30-Day Option Volume & Interest Snapshot
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 | NEUTRAL | 06/21/24 | $5.55 | $5.05 | $5.3 | $160.00 | $710.7K | 5.9K | 3 |
| TTWO | CALL | SWEEP | BULLISH | 09/20/24 | $8.15 | $8.1 | $8.15 | $165.00 | $172.7K | 198 | 0 |
| TTWO | CALL | SWEEP | BULLISH | 06/21/24 | $5.45 | $5.4 | $5.4 | $160.00 | $152.8K | 5.9K | 1.6K |
| TTWO | CALL | SWEEP | NEUTRAL | 06/20/25 | $21.15 | $19.55 | $20.29 | $165.00 | $41.2K | 117 | 20 |
| TTWO | CALL | TRADE | NEUTRAL | 09/20/24 | $5.4 | $5.1 | $5.25 | $175.00 | $38.8K | 5.8K | 180 |
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.
Present Market Standing of Take-Two Interactive
- Trading volume stands at 844,453, with TTWO's price down by -1.73%, positioned at $152.03.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 35 days.
What The Experts Say On Take-Two Interactive
In the last month, 3 experts released ratings on this stock with an average target price of $190.0.
- 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.
- An analyst from Citigroup has elevated its stance to Buy, setting a new price target at $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.
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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