Press "Enter" to skip to content

Looking At Take-Two Interactive's Recent Whale Trades

Someone with a lot of money to spend has taken a bullish stance on Take-Two Interactive (NASDAQ:TTWO).

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don’t know. But when something this big happens with TTWO, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga‘s options scanner spotted 10 uncommon options trades for Take-Two Interactive.

This isn’t normal.

The overall sentiment of these big-money traders is split between 70% bullish and 30%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $96,530, and 7 are calls, for a total amount of $311,226.

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 $125.0 to $160.0 for Take-Two Interactive over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $125.0 to $160.0 in the last 30 days.

Take-Two Interactive Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
TTWO CALL SWEEP BEARISH 03/18/22 $150.00 $105.6K 18.5K 131
TTWO CALL SWEEP BULLISH 07/15/22 $155.00 $52.6K 3.3K 500
TTWO PUT SWEEP NEUTRAL 01/21/22 $160.00 $36.0K 2.0K 234
TTWO CALL TRADE BULLISH 01/14/22 $140.00 $35.8K 232 30
TTWO CALL TRADE BULLISH 01/14/22 $145.00 $34.3K 1.8K 88

Where Is Take-Two Interactive Standing Right Now?

  • With a volume of 4,217,282, the price of TTWO is up 5.15% at $156.06.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 26 days.

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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.

This post was originally published on this site

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *