TTWO (TTWO) options memo

The Read

TTWO is down 2.99% today at $243.00.

Options traders lean neutral into 2026-08-14, and neutral further out.

A move through the gamma flip level would change how dealers hedge this stock.

Key numbers

• Spot: $243.00
• Lean: neutral
• Nearest expiry: Fri 8/14
• Implied move: 2.4%
• ATM implied volatility: 45.8%
• Max pain: $247.50
• Pin strike: $205.00
• Dealer positioning: LONG GAMMA
• Call wall: $250.00
• Put wall: $205.00
• Put/call open interest: 1.999