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$TTWO | Take Two Interactive Options Trading Plan ahead of Earnings

Technically, the chart looks phenomenal! From the Dynamic Trend Indicator (available on Alphashark.com or email [e-mail] for link) TTWO meets all the criteria for a long or if already long stay with the trend. The multiple time frame analysis confirms positive momentum with price above the wave. Overhead resistance is at 70.53 which $TTWO is knocking on currently on the path to new all-time highs. Usually when a stock is approaching new highs weak hands will try to short it leading to a breakout on volume to new highs as the shorts will have to cover. Remember, we want to be strong hands as smart traders and not fight the trend!

As of May 17, 2017, $TTWO is trading at 67.50 with the expected move for June option expiration is $6.40 I can find the expected move by adding the ATM straddle for the week of expiration. Therefore, if I add 67.50 + 6.40 = 73.90 as an upside target for an options play expiring on June expiration.

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