Take-Two Interactive (TTWO)

Feb 5, 2021Trade Ideas

Just yesterday, we highlighted an opportunity with DIA calls.

Today, with the Dow Jones up another 103 points, those calls should be up nicely.

As for new opportunities, take a look at Take-Two Interactive (TTWO). At the moment, it’s consolidating around $206. However, we believe it could break higher, and potentially test $210, near-term. All thanks to explosive video game sales.

After all, video game sales could grow even more with big demand and a massive gaming community. In fact, of the total population of 7.7 billion people in the world, according to Financial Post, it’s estimated that a third of the population are gamers.

Microsoft is just as bullish.

“Gaming is one of the largest and fastest-growing forms of entertainment in the world. We expect there to be more than $200 billion of revenue in this industry in 2021,” Kyle Vikstrom, Microsoft’s director of investor relations said, as quoted by CNN.

Investors can buy the TTWO stock at market, and, or buy to open the TTWO March 19, 2021 210 calls. To hedge, investors can use the TTWO March 19, 2021 200 put.


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