Take-Two Interactive's Options: A Look at What the Big Money is Thinking

Investors with a lot of money to spend have taken a bullish stance on Take-Two Interactive 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 9 uncommon options trades for Take-Two Interactive.

This isn't normal.

The overall sentiment of these big-money traders is split between 55% bullish and 44%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $212,580, and 4 are calls, for a total amount of $257,775.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $143.0 and $165.0 for Take-Two Interactive, spanning the last three months.

Analyzing Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Take-Two Interactive's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Take-Two Interactive's substantial trades, within a strike price spectrum from $143.0 to $165.0 over the preceding 30 days.

Take-Two Interactive 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

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

Take-Two Interactive's Current Market Status

• With a trading volume of 1,981,656, the price of TTWO is down by -0.9%, reaching $145.02.
• Current RSI values indicate that the stock is may be oversold.
• Next earnings report is scheduled for 71 days from now.

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.