Take-Two Interactive Software, Inc. (TTWO) Expected Move
Expected move estimates the probable price range for a given period based on at-the-money options pricing. It reflects the market consensus for volatility over the selected timeframe.
Take-Two Interactive Software, Inc. (TTWO) operates in the Communication Services sector, specifically the Electronic Gaming & Multimedia industry, with a market capitalization near $42.03B, listed on NASDAQ, employing roughly 12,371 people, carrying a beta of 0.97 to the broader market. Take-Two Interactive Software, Inc. Led by Strauss H. Zelnick, public since 1997-04-15.
Snapshot as of May 15, 2026.
- Spot Price
- $242.44
- Expected Move
- 17.3%
- Implied High
- $284.30
- Implied Low
- $200.58
- Front DTE
- 28 days
As of May 15, 2026, Take-Two Interactive Software, Inc. (TTWO) has an expected move of 17.27%, a one-standard-deviation implied price range of roughly $200.58 to $284.30 from the current $242.44. Expected move is derived from at-the-money straddle pricing and represents the market's pricing of a ±1σ move. Roughly 68% of outcomes should fall within this range under lognormal assumptions, though empirical markets have fatter tails.
TTWO Strategy Sizing to the Expected Move
With Take-Two Interactive Software, Inc. pricing an expected move of 17.27% from $242.44, risk-defined strategies sized to the implied range structurally target the modal outcome distribution. Iron condors with wings at the ±1σ expected move boundaries collect premium against the ~68% probability that spot stays inside the range under lognormal assumptions; strangles set wider at ±1.5σ or ±2σ target the tails but pay smaller per-trade premium. Long-vol structures (long straddles, ratio backspreads) profit when realized move exceeds the implied move, the inverse trade: they bet against the lognormal assumption itself, capitalizing on the empirically fatter equity-return tails.
Learn how expected move is reported and how to read the data →
Per-expiration expected move for TTWO derived from ATM implied volatility at each listed expiration. Implied high/low bounds are computed as $242.44 × (1 ± expected move %). One standard-deviation range under lognormal assumptions, roughly 68% of outcomes fall inside.
| Expiration | DTE | ATM IV | Expected Move | Implied High | Implied Low |
|---|---|---|---|---|---|
| May 22, 2026 | 7 | 99.1% | 13.7% | $275.71 | $209.17 |
| May 29, 2026 | 14 | 76.3% | 14.9% | $278.67 | $206.21 |
| Jun 5, 2026 | 21 | 68.3% | 16.4% | $282.16 | $202.72 |
| Jun 12, 2026 | 28 | 62.0% | 17.2% | $284.07 | $200.81 |
| Jun 18, 2026 | 34 | 57.2% | 17.5% | $284.76 | $200.12 |
| Jun 26, 2026 | 42 | 53.0% | 18.0% | $286.03 | $198.85 |
| Jul 17, 2026 | 63 | 47.6% | 19.8% | $290.38 | $194.50 |
| Sep 18, 2026 | 126 | 46.2% | 27.1% | $308.25 | $176.63 |
| Dec 18, 2026 | 217 | 47.6% | 36.7% | $331.42 | $153.46 |
| Jan 15, 2027 | 245 | 46.7% | 38.3% | $335.20 | $149.68 |
| Mar 19, 2027 | 308 | 46.1% | 42.3% | $345.11 | $139.77 |
| Jan 21, 2028 | 616 | 44.2% | 57.4% | $381.65 | $103.23 |
Frequently asked TTWO expected move questions
- What is the current TTWO expected move?
- As of May 15, 2026, Take-Two Interactive Software, Inc. (TTWO) has an expected move of 17.27% over the next 28 days, implying a one-standard-deviation price range of $200.58 to $284.30 from the current $242.44. The expected move is derived from at-the-money straddle pricing and represents the market consensus for a ±1σ price move.
- What does the TTWO expected move mean for traders?
- Roughly 68% of outcomes should fall within ±1 expected move and 95% within ±2 under lognormal assumptions, though equity returns have empirically fatter tails than log-normal predicts. Strategies sized to the expected move (iron condors at ±1σ, strangles at ±1.5σ) target the typical outcome distribution; strategies that profit from tail moves (long-vol structures, ratio backspreads) target the tails the lognormal model under-prices.
- How is TTWO expected move calculated?
- The expected move displayed here is derived from at-the-money implied volatility scaled to the chosen tenor: expected move % is approximately ATM IV times sqrt(T / 365), where T is days to expiration. An equivalent straddle-based form: the ATM straddle (call + put at the same strike) is roughly sqrt(2/pi) times spot times IV times sqrt(T/365), so the implied one-standard-deviation move is approximately 1.25 times ATM straddle divided by spot. The two formulations agree once the sqrt(2/pi) constant is reconciled.