Investors with a lot of money to spend have taken a bearish stance on Take-Two Interactive TTWO.
And retail traders should know.
We noticed this today when the positions 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.
Today, Benzinga's options scanner spotted 9 options trades for Take-Two Interactive.
This isn't normal.
The overall sentiment of these big-money traders is split between 44% bullish and 55%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $30,780, and 8, calls, for a total amount of $1,600,665.
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 $180.0 for Take-Two Interactive over the recent three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Take-Two Interactive options trades today is 1504.12 with a total volume of 12,659.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Take-Two Interactive's big money trades within a strike price range of $145.0 to $180.0 over the last 30 days.
Take-Two Interactive Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TTWO | CALL | TRADE | BULLISH | 06/21/24 | $160.00 | $953.2K | 5.5K | 3.6K |
| TTWO | CALL | TRADE | BEARISH | 04/19/24 | $155.00 | $330.0K | 1.9K | 3.7K |
| TTWO | CALL | SWEEP | BEARISH | 06/21/24 | $170.00 | $135.2K | 2.1K | 969 |
| TTWO | CALL | SWEEP | BULLISH | 06/21/24 | $155.00 | $48.5K | 422 | 178 |
| TTWO | CALL | SWEEP | BULLISH | 04/19/24 | $145.00 | $36.3K | 699 | 260 |
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.
Where Is Take-Two Interactive Standing Right Now?
- With a trading volume of 672,378, the price of TTWO is up by 0.08%, reaching $144.02.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 58 days from now.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Take-Two Interactive with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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