Osirustwits

$TTWO earning run up and short

Corto
NASDAQ:TTWO   Take-Two Interactive Software, Inc.
This play on $TTWO is a basic cup and handle long but as the Ninja scalper alerted we had trouble at the top thus exit the long and get short via puts for the earning.
When you add to the mix the iconic game franchise GTA has lost one half of the brothers behind the creation this does look like there will be a strong pullback.

Playing earning is risky and this is hedged by using profit from the long to open the short position with put options.
Implied volatility will get crushed so the hope is the move outpaces the crush and it is Friday this will occur quickly.

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