Earnings

Options traders bet video game giant Take-Two will surge on earnings

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With the coronavirus shutdown keeping so many at home, people are playing a lot of video games these days.

That captive audience has been a huge boost for Take-Two Interactive, which closed at an all-time high on Tuesday and is trading even higher ahead of Wednesday afternoon’s earnings report. 

The publisher of leading sports franchises such as NBA 2K, 2019 hit The Outer Worlds, and the Grand Theft Auto series has already seen its stock rise nearly 20% in 2020, and options traders are betting that the breakout is just beginning. 

“Take-Two Interactive traded about 5 times its average daily call volume [Tuesday], and overall, bullish bets outpaced bearish bets by about 25%,” Optimize…



Source cnbc.com

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