Communication Services

Take-Two Interactive Software Inc (TTWO) options and signal

Figures as of 28 Sep 2026

TTWO is Take-Two Interactive Software Inc, a Communication Services name the model ranks every trading day. The options figures are from the close on 28 Sep 2026. The model's figures are from 25 Sep 2026, one trading day behind the latest, as the Free plan shows them. Every model figure is paper trading.

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At a glance

Figure	Value	Date
IV rank	69 of 100	28 Sep
At the money IV	41.6%	28 Sep
Priced move to 30 Oct	12.0% down, 12.2% up	28 Sep
Call wall and put wall	250 and 185	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	202.35	28 Sep
Next report	9 Nov 2026	28 Sep

Options Snapshot

TTWO's IV rank is 69 of 100 on 28 Sep 2026.

Figure	Value
IV rank	69 of 100
At the money IV	41.6%, near month, 32 days
Put/call ratio, open interest	0.65
Call open interest, strikes captured near the price	133,000 contracts
Put open interest, strikes captured near the price	86,600 contracts
Cost to trade at the money	Fair, 25.7% of the option's mid price

IV rank is where the at the money IV sits among TTWO's own weekly readings, 0 the lowest and 100 the highest.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Priced Range

On 28 Sep 2026, TTWO options priced a move of 12.0 percent down and 12.2 percent up by 30 Oct 2026.

Expiry	Days	Down	Up	Range
2 Oct 2026	4	4.1%	4.5%	193.99 to 211.40
9 Oct 2026	11	7.0%	7.7%	188.25 to 217.85
23 Oct 2026	25	9.9%	11.5%	182.35 to 225.65
30 Oct 2026	32	12.0%	12.2%	178.05 to 227.05
20 Nov 2026	53	18.4%	19.3%	165.05 to 241.45
18 Dec 2026	81	21.8%	23.7%	158.15 to 250.25
19 Mar 2027	172	29.9%	34.7%	141.85 to 272.55

The range is one standard deviation either side of the close of 202.35, as the option prices imply it.

A priced move restates option prices at the close and says nothing certain about where the price goes.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Gamma Map

On 28 Sep 2026, TTWO's call wall is the 250 strike and its put wall is the 185 strike.

Figure	Value
Call wall, most open call gamma	250
Put wall, most open put gamma	185
Flip strike, where net gamma changes sign	209.2
Net dollar gamma, calls minus puts	minus $12.25 million
Total dollar gamma, both sides	$63.9 million
Close	202.35

Dollar gamma is stated for a one percent move in the price.

Net is calls minus puts under the standard convention, not a record of who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Gamma Map in RingMaster The Gamma Map guide

Volatility History

On 28 Sep 2026, TTWO's at the money IV is 41.6 percent against 20 day realized volatility of 37.3 percent.

Figure	Value
At the money IV	41.6%
Realized volatility, 20 trading days	37.3%
Realized volatility, 60 trading days	33.9%
IV against its own weekly record	In the middle
Weekly readings on record	865, from 8 Jan 2010
Weeks the price moved more than the one week priced move	24.6% of 252 weeks

Realized volatility is worked out from the daily closes the desk holds, not from the option chain.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility History in RingMaster The Volatility History guide

Volatility Weather

On 28 Sep 2026, TTWO's at the money IV runs from 48.9 percent at 4 days to 47.6 percent at 172 days.

Days to expiry	At the money IV
4	48.9%
11	44.3%
18	45.4%
25	41.2%
39	46.0%
53	49.4%
81	49.2%
172	47.6%

Near expiries price more volatility than far ones, an inverted term structure.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Smile

On 28 Sep 2026, at the 32 day expiry, TTWO's IV ten percent below the price sits 3.5 points below at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	38.1%	-3.5 points
At the money	41.6%	0.0 points
10% above the price	43.0%	+1.4 points

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Surface

On 28 Sep 2026, TTWO's surface spans 10 expiries out to 172 days, with IV from 37.4 to 53.4 percent near the price.

Figure	Value
Expiries captured	10
Nearest expiry	2 Oct 2026, 4 days
Farthest expiry	19 Mar 2027, 172 days
Points within 10% of the price, 7 days out or more	77
Lowest IV among them	37.4%
Highest IV among them	53.4%

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Expiry Ladder

On 28 Sep 2026, TTWO has 10 captured expiries, from 2 Oct 2026 to 19 Mar 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
2 Oct 2026	4	48.9%	3,594	2,069
9 Oct 2026	11	44.3%	465	688
16 Oct 2026	18	45.4%	9,492	19,001
23 Oct 2026	25	41.2%	324	11,810
30 Oct 2026	32	41.6%	3,155	13,315
6 Nov 2026	39	46.0%	52	98
20 Nov 2026	53	49.4%	43,471	9,339
18 Dec 2026	81	49.2%	29,929	12,904
15 Jan 2027	109	47.5%	35,764	10,567
19 Mar 2027	172	47.6%	6,914	6,786

Open interest is summed over the strikes captured near the price on each expiry.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Strike Table

On 28 Sep 2026, TTWO's largest open interest sits at the 185 strike, with 27,933 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
185	126	27,807	27,933
300	16,310	91	16,401
290	16,238	13	16,251
250	12,408	1,313	13,721
220	7,170	6,112	13,282
230	6,541	6,137	12,678

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Since Yesterday

From 25 Sep 2026 to 28 Sep 2026, TTWO's at the money IV moved from 36.6 percent to 41.6 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	36.6%	41.6%	+5.0 points
Open interest, strikes captured near the price	212,191	219,737	+7,546
Put/call ratio, open interest	0.66	0.65	-0.01

Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Changed Hands

On 28 Sep 2026, 12,099 TTWO option contracts traded, 0.9 times its own recent average.

Figure	Value
Calls traded	9,153
Puts traded	2,946
Against its recent average	0.9 times
Busier than	3 of its last 20 trading days
Open interest, whole chain	252,511 contracts
Volume to open interest	0.05
Unusual volume flag	Yes, 1 contract traded well above open interest
Largest flagged contract	The 205 call expiring 2 Oct, 381 traded against 164 open

Traded volume and open interest are shown side by side and never combined. Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Positioning Replay

The replay holds 33 trading days of TTWO's option positioning, from 11 Aug 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
11 Aug 2026	250.50	$31.05 million	250	240
21 Sep 2026	209.92	minus $13.71 million	250	185
28 Sep 2026	202.35	minus $12.25 million	250	185

Each frame restates one nightly capture. Net is calls minus puts, a convention, not who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Read-out

On 25 Sep 2026 the desk's view of TTWO was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	208.52, the swing high of 9 Sep 2026
Level below the close	199.46, the swing low of 28 Sep 2026
Strategy family	Iron condor (sell both sides, defined risk)
Price target	None. The desk has no price model.

The levels are prices the shares turned at on the chart, with the date of each.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Read-out in RingMaster The Read-out guide

Rank by Timeframe

On 25 Sep 2026 TTWO sat at the 46th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	45 of 100	Neutral
20 trading days	58 of 100	Neutral
45 trading days	46 of 100	Neutral

100 is the top of the ranking. A name in the middle three fifths is neutral.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Timeframe Agreement

On 25 Sep 2026 TTWO's near timeframes were neutral and its long timeframe was neutral, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Neutral	0 of 2
Long	45 day	Neutral	0 of 1

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Timeframe Agreement in RingMaster The Timeframe Agreement guide

Signal History

On 25 Sep 2026 TTWO had carried no signal for at least 18 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	46 of 100
24 Sep 2026	None	34 of 100
23 Sep 2026	None	50 of 100
22 Sep 2026	None	59 of 100
21 Sep 2026	None	68 of 100
18 Sep 2026	None	74 of 100
17 Sep 2026	None	65 of 100
16 Sep 2026	None	41 of 100

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Signal History in RingMaster The Signal History guide

Sector Split

On 25 Sep 2026, 10 of 37 Communication Services names were bullish and 12 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Communication Services	37	10	12	15

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Sector Split in RingMaster The Sector Split guide

Price Chart

TTWO closed at 202.35 on 28 Sep 2026.

Figure	Value
Last close	202.35
Change over 5 trading days	-3.6%
Change over 21 trading days	-13.2%
Change over 63 trading days	-18.1%
Change over 252 trading days	-17.4%
52 week high	265.94
52 week low	187.63
20 day moving average	211.47
50 day moving average	228.65
200 day moving average	225.36
RSI, 14 days	34

Worked out from the desk's own daily bars, adjusted for share splits.

From the daily bars through 28 Sep 2026. Current on every plan.

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Earnings Radar

TTWO reports next on 9 Nov 2026, and options priced an earnings move of 14.8 percent through 20 Nov 2026.

Figure	Value
Next report	9 Nov 2026, before the open
Date	Confirmed by the company
Priced earnings move	14.8%, a straddle of $29.95 at the 200 strike, expiring 20 Nov 2026
Move after the report of 7 Aug 2026	+6.0%
Move after the report of 30 Apr 2026	+1.1%
Move after the report of 28 Jan 2026	-1.6%
Move after the report of 15 May 2025	-2.4%

The priced earnings move is the straddle's cost over the share price. It restates option prices and says nothing certain about the report.

Earnings calendar as of 28 Sep 2026. Current on every plan.

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Company Events

TTWO filed 1 current report in the 14 days to 28 Sep 2026, the latest on 22 Sep 2026.

Filed	Report	What it covers
22 Sep 2026	Current report	Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year; Submission of Matters to a Vote of Security Holders

Filings as of 28 Sep 2026. Current on every plan.

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Short Volume

On 25 Sep 2026, 55.4 percent of TTWO's reported volume at the covered venues was marked short.

Figure	Value
Short sale share, 25 Sep	55.4%
Five day average	54.0%
52 week median	43.6%
Short interest, share of shares outstanding	4.4% at the 15 Sep 2026 settlement
Days to cover	3.6

Short sale volume counts trades marked short at the covered venues, mostly off exchange. It is not the same as short interest.

Short volume as of 25 Sep 2026. Current on every plan.

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Seasonality

In the 23 Septembers on record, TTWO's average change was plus 0.5 percent, and it rose in 47.8 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	+0.5%	-1.0%	47.8%	23
October	+3.0%	+0.3%	52.2%	23
November	+0.8%	+2.5%	60.9%	23

Each figure is a month end to month end change in past years. A past month says nothing certain about the next one.

Monthly history through 28 Sep 2026. Current on every plan.

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Headlines

The desk's news feeds carried 2 headlines naming TTWO in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	2
Latest	28 Sep 2026

The titles are in the Headlines window, with the time each was published.

Headlines as of 28 Sep 2026. Current on every plan.

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Questions

What is TTWO's IV rank?: TTWO's IV rank is 69 of 100 on 28 Sep 2026.
What move are TTWO options pricing?: On 28 Sep 2026, TTWO options priced a move of 12.0 percent down and 12.2 percent up by 30 Oct 2026.
Where are TTWO's call wall and put wall?: On 28 Sep 2026, TTWO's call wall is the 250 strike and its put wall is the 185 strike.
What was the desk's latest view of TTWO on the Free plan?: On 25 Sep 2026 the desk's view of TTWO was neutral, paper trading.
When does TTWO report earnings next?: TTWO reports next on 9 Nov 2026, and options priced an earnings move of 14.8 percent through 20 Nov 2026.

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