Shares of Take Two Interactive Software (TTWO) are up .06 to 20.73 today.? TTWO is trading in the top of the 52 week range.
Today paper traded 10000 TTWO Sep 13 puts for .10. ?The ADV is 2179 contracts.? The OI is 25085.
The volume went up in one large block.? The trader paid .10 to close a position which is the most reasonable explanation.? TTWO did trade as low as the mid 14?s this year.? There is still 1500 puts to close.? There is OI on the Sep 22 calls and the trader looks they are starting to sell those.? The trade might be a nice risk reversal coming off at good prices for the investor just prior to earnings.
?30-day implied volatility is 43%.?? 10-day implied volatility is 27%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Take-Two Interactive Software, Inc. is a developer, publisher and marketer of interactive entertainment for consumers worldwide.