8/14/2022 Plan:
This week we look at Take Two Interactive (Ticker: TTWO)
8/14/2022 Plan (continued):
- TTWO – Sell the Sept 2 115/110 put spread for 0.58
- Prices are as of market close 8/12/2022, actual fill and strikes may differ depending on Monday’s open, post will be updated accordingly.
- All trades are for educational purposes and do not constitute advice
8/14/2022 Commentary:
Take Two Interactive is a maker of video games, with their most profitable franchise being Grand Theft Auto. This trade assumes that the support at 120 holds and we’ve given ourselves a bit of room with our short strike at 115. As usual, I size my personal trade to require minimal adjustments and would be prepared to lose the entire amount. I would consider adding and holding shares of TTWO if it ends between the strikes at expiration.
Feel free to Reach out with questions on this or anything else!
8/15/2022 Entry:
With TTWO taking off, the put spreads we wanted to sell were not available.
8/21/2022 Close/No Trade:
The TTWO trade wasn’t available, but one Could now sell the Sept 16 115/110 for 0.49+ if they were so inclined…
