Deep-pocketed investors have adopted a bullish approach towards Take-Two Interactive TTWO, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in TTWO usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Take-Two Interactive. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 37% bearish. Among these notable options, 4 are puts, totaling $114,303, and 4 are calls, amounting to $187,445.
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 $150.0 to $175.0 for Take-Two Interactive over the last 3 months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Take-Two Interactive's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Take-Two Interactive's significant trades, within a strike price range of $150.0 to $175.0, over the past month.
Take-Two Interactive 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TTWO | CALL | TRADE | BULLISH | 12/20/24 | $4.8 | $4.4 | $4.65 | $175.00 | $86.0K | 13.3K | 500 |
| TTWO | CALL | TRADE | BEARISH | 12/20/24 | $4.95 | $4.85 | $4.85 | $175.00 | $42.6K | 13.3K | 88 |
| TTWO | PUT | TRADE | BULLISH | 08/09/24 | $6.25 | $6.1 | $6.16 | $152.50 | $30.8K | 19 | 50 |
| TTWO | CALL | SWEEP | BULLISH | 08/09/24 | $5.95 | $5.75 | $5.9 | $152.50 | $29.5K | 10 | 147 |
| TTWO | CALL | TRADE | BEARISH | 12/20/24 | $5.05 | $4.95 | $4.95 | $175.00 | $29.2K | 13.3K | 191 |
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 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.
Take-Two Interactive's Current Market Status
- Trading volume stands at 1,466,058, with TTWO's price down by -1.69%, positioned at $150.3.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 14 days.
What The Experts Say On Take-Two Interactive
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $185.0.
- An analyst from Jefferies has decided to maintain their Buy rating on Take-Two Interactive, which currently sits at a price target of $185.
- Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Take-Two Interactive, targeting a price of $185.
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.
Comments
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
