A whale with a lot of money to spend has taken a noticeably bearish stance on Take-Two Interactive.
Looking at options history for Take-Two Interactive TTWO we detected 22 strange trades.
If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 54% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $526,570 and 18, calls, for a total amount of $865,817.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $140.0 to $170.0 for Take-Two Interactive over the last 3 months.
Analyzing Volume & Open Interest
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 $140.0 to $170.0 in the last 30 days.
Take-Two Interactive Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TTWO | PUT | TRADE | BEARISH | 11/10/23 | $141.00 | $348.0K | 13 | 204 |
| TTWO | CALL | SWEEP | BEARISH | 11/17/23 | $140.00 | $100.4K | 707 | 394 |
| TTWO | PUT | SWEEP | BULLISH | 11/17/23 | $140.00 | $100.0K | 1.1K | 532 |
| TTWO | CALL | SWEEP | BULLISH | 01/19/24 | $155.00 | $79.3K | 1.0K | 179 |
| TTWO | CALL | SWEEP | BEARISH | 11/10/23 | $145.00 | $77.7K | 7.7K | 1.3K |
Present Market Standing of Take-Two Interactive
- With a volume of 4,596,711, the price of TTWO is up 8.43% at $147.86.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 0 days.
What Analysts Are Saying About Take-Two Interactive:
- Raymond James has elevated its stance to Outperform, setting a new price target at $170.
- In a cautious move, Wedbush downgraded its rating to Outperform, setting a price target of $165.
- Maintaining their stance, Truist Securities continues to hold a Buy rating for Take-Two Interactive, targeting a price of $155.
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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