Take-Two Interactive (TTWO) is trading down .82 to 12.24. ??TTWO is making two-week lows today.
Paper traded a large block of 7,500 TTWO Mar 14 calls for .15.? Average volume is over 1,174 contracts per day.? Open interest is 8,237 contracts.? The implied volatility is up 2.6 points in March.? The trade looks to be closing (see the opening trade in the Unusual Activity from 01/28/2013) an earlier sale of options on the recent drop in stock since the options are still bid and volume on the strike is now 8937.
30-day implied volatility is 47%.?? 10-day implied volatility is 17%.? 30-day implied volatility is trading just over the 10-day historical volatility.?
Take-Two Interactive Software, Inc. is a developer, marketer and publisher of interactive entertainment for consumers worldwide.