Some big people who invest a lot of money in a company called Take-Two Interactive have been buying and selling options, which are a way to bet on the future of a company. They seem to think the company's stock price will go up or down in the next few months. People who watch these options can give ideas on what might happen to the company's stock price and help others make decisions about buying or selling stocks. Read from source...
- The article's main source of information is Benzinga, a financial news and data provider that is notorious for providing low-quality and sometimes inaccurate information.
- The article's tone is sensationalist and clickbait-driven, using phrases like "unusual options activity", "something big is about to happen", and "whales have been targeting" to attract readers' attention.
- The article's content is poorly structured and confusing, with multiple sentences that are either grammatically incorrect or logically unconnected.
- The article's analysis is superficial and uninformed, relying on volume and open interest data without explaining their relevance or significance for the stock or the options market.
- The article's conclusions are based on the opinions of two professional analysts, without providing any evidence or reasoning for their ratings or price targets.
- The article's purpose is to promote Benzinga's paid subscription service, Benzinga Pro, which offers real-time alerts on options trades.
Overall, the article is of low quality and credibility, and should not be trusted as a reliable source of information on Take-Two Interactive or its options.
Based on the analysis, it is clear that deep-pocketed investors are taking a bullish stance on Take-Two Interactive, and this is an important development that should not be ignored. The options scanner at Benzinga revealed significant moves today, with 8 extraordinary options activities observed for TTWO. The identity of these investors remains unknown, but such a substantial move in TTWO usually suggests something big is about to happen. 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. 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, indicate that whales have been targeting this price range. Take-Two Interactive, founded in 1993, 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 includes Grand Theft Auto, NBA 2K, Civilization, Borderlands, Bioshock, and Xcom. Zynga mobile titles include Farmville, Empires & Puzzles, and CSR Racing. The stock is currently trading at $150.3, with a downside of 1.69%, and an RSI indicator showing the stock to be approaching oversold. Earnings announcement is expected in 14 days. Two professional analysts have given their take on this stock in the last 30 days, setting an average price target of $185.0. A Jefferies analyst has decided to maintain their Buy rating on Take-Two Interactive, which currently sits at a price target of $185, and an analyst from Morgan Stanley has also maintained their Overweight rating for Take-Two Interactive, targeting a price of $185.