High-rolling investors have positioned themselves bullish on Take-Two Interactive 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 66% bullish and 33% bearish. Among all the options we identified, there was one put, amounting to $30,960, and 8 calls, totaling $420,954.
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Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $160.0 to $175.0 for Take-Two Interactive over the recent three months.
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 $160.0 to $175.0 in the last 30 days.
Take-Two Interactive 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TTWO | CALL | SWEEP | BULLISH | 09/20/24 | $3.45 | $3.4 | $3.45 | $175.00 | $83.1K | 7.2K | 692 |
| TTWO | CALL | SWEEP | BULLISH | 06/21/24 | $1.93 | $1.84 | $1.93 | $165.00 | $79.1K | 3.1K | 411 |
| TTWO | CALL | SWEEP | BULLISH | 06/21/24 | $2.27 | $2.25 | $2.25 | $165.00 | $70.3K | 3.1K | 414 |
| TTWO | CALL | SWEEP | BULLISH | 09/20/24 | $3.65 | $3.25 | $3.65 | $175.00 | $58.7K | 7.2K | 326 |
| TTWO | CALL | SWEEP | BEARISH | 09/20/24 | $3.7 | $3.6 | $3.6 | $175.00 | $46.4K | 7.2K | 525 |
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.
Current Position of Take-Two Interactive
- Trading volume stands at 975,643, with TTWO's price down by -0.01%, positioned at $148.33.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 9 days.
What Analysts Are Saying About Take-Two Interactive
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $193.0.
- In a cautious move, an analyst from Benchmark downgraded its rating to Buy, setting a price target of $200.
- An analyst from Wedbush downgraded its action to Outperform with a price target of $190.
- An analyst from Wedbush downgraded its action to Outperform with a price target of $190.
- Showing optimism, an analyst from Citigroup upgrades its rating to Buy with a revised price target of $200.
- An analyst from Oppenheimer has decided to maintain their Outperform rating on Take-Two Interactive, which currently sits at a price target of $185.
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.
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