Puts Purchased on Take-Two Interactive Software

Shares of Take-Two Interactive Software TTWO are lower on the session by 6.51%, currently trading at $11.35. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short while ago the January 2012 $14.00 put traded 2,100 times on open interest of 4,619 contracts. Overall put volume is now running at 2.61x the daily average with 98% of all puts traded being purchases on the offer. Take-Two Interactive Software, Inc. is a global publisher and developer of interactive entertainment software. The company's business consists of its wholly owned labels Rockstar Games and 2K, which publishes its titles under 2K Games, 2K Sports and 2K Play.