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Best strikes for TTWO covered calls — top pick $250 with 23.4% annualized return.
Take-Two Interactive — Top covered call setups ranked by yield and downside protection
Take-Two Interactive (TTWO) operates in the Communication Services sector and has actively traded listed options. Among current candidates, the strongest income setup sits at the $250 strike with 46 days to expiration. IV Rank 73% is 38pp above the Communication Services sector median of 35%. This setup offers higher income potential, but caps upside at the strike. TTWO wheel strategy.
Strike Placement
23.4% ann.Ranked #1 of 15 contracts by CC Score — balancing call yield, downside protection, and liquidity.
CC Score = Income (22%) + Safety (18%) + Liquidity (18%) + Quality (14%) + Event (12%) + IV (8%) + Execution (8%)Annualized return, delta, bid-ask spread, open interest, earnings proximity, IV rank, DTE
VolRadar proprietary composite score using ORATS chain data
CC Score optimizes for income generation, not total return. Covered calls cap upside — stocks that rally strongly will underperform a buy-and-hold approach. Past CC returns do not predict future yields.
Every covered call strike sorted by CC Score. Higher score = better risk-adjusted income potential.
★ = Highest risk-adjusted CC Score across all expirations and strikes.
| Strike | Premium | Ann. Yield* | Score |
|---|---|---|---|
| $240 | $1.68 | 22.6% | 64 |
| $230 | $4.40 | 59.3% |
Yield is only half the decision. Compare expirations by premium, upside cap, gamma risk, and assignment risk before choosing a contract.
⚠ The highest-yield DTE is not always the best choice for TTWO
Short expirations can look better on yield while carrying more gamma, spread, and event risk.
Quantitative screening, not investment advice. Verify with your broker. Disclaimer
Take-Two Interactive currently offers a covered call at the $250 strike with 23.4% annualized return over 46 days. This represents a solid income opportunity for shareholders looking to generate yield on their position. The 10.8% distance to strike provides cushion against early assignment.
Take-Two Interactive's IV Rank sits at 73%, placing implied volatility above its 12-month norm. For covered call sellers, this means richer premiums per contract — the same strike and DTE commands more income when IV is expanded. This is one of the most favorable conditions for initiating or rolling covered calls.
VolRadar's CC Score ranks every Take-Two Interactive covered call opportunity from 0 to 100 across seven weighted dimensions: Income potential (22%), Safety (18%), Liquidity (18%), Underlying Quality (14%), Event Safety (12%), IV Opportunity (8%), and Execution Quality (8%). The score updates daily after market close, reflecting the latest option chain data.
The top-ranked covered call for Take-Two Interactive is the $250 strike expiring 2026-06-18 (46 DTE), offering 23.4% annualized return with a delta of 0.30. It earns a CC Score of 84 out of 100. Data is updated daily after market close.
For Take-Two Interactive, delta 0.20–0.30 is a common range for covered calls. This gives 70–80% probability of the option expiring worthless while collecting meaningful premium. Lower delta (0.15–0.20) is more conservative, while 0.30–0.40 generates more income but has higher assignment probability.
The CC Score (0–100) ranks covered call opportunities across 7 dimensions: Income potential (22%), Safety (18%), Liquidity (18%), Underlying Quality (14%), Event Safety (12%), IV Opportunity (8%), and Execution Quality (8%). Higher scores mean better risk-adjusted opportunities. Sort by CC Score to find the best strike and expiration combo for Take-Two Interactive.
Free embeddable tool: IV Rank Gauge — add live IV data to any site. No signup, no API key.
This is ★ Top Ranked of 15 contracts across 5 expirations. ↓ Find it below
| 63 |
| $233 | $3.50 | 47.2% | 59 |
| $245 | $1.05 | 14.2% | 54 |
| Strike | Premium | Ann. Yield* | Score |
|---|---|---|---|
| $230⚠️ Spans earnings | $9.85 | 83.8% | 68 |
| $250⚠️ Spans earnings | $4.05 | 34.5% | 62 |
| $245⚠️ Spans earnings | $5.20 | 44.3% | 60 |
| Strike | Premium | Ann. Yield* | Score |
|---|---|---|---|
| $240⚠️ Spans earnings | $7.10 | 44.2% | 64 |
| $250⚠️ Spans earnings | $4.45 | 27.7% | 62 |
| $245⚠️ Spans earnings | $5.90 | 36.7% | 61 |
| Strike | Premium | Ann. Yield* | Score |
|---|---|---|---|
| $250⚠️ Spans earnings | $5.30 | 26.0% | 62 |
| Strike | Premium | Ann. Yield* | Score |
|---|---|---|---|
| $250★ TOP⚠️ Spans earnings | $6.65 | 23.4% | 84 |
| $240⚠️ Spans earnings | $9.30 | 32.7% | 77 |
| $230⚠️ Spans earnings | $13.20 | 46.4% | 72 |
| $260⚠️ Spans earnings | $4.30 | 15.1% | 69 |
*Annualized yield assumes hold to expiration with no early assignment. Actual results may vary.
Weekly covered calls (7–14 DTE) offer faster theta decay and more flexibility but require active management. Monthly covered calls (30–45 DTE) balance time premium with less frequent rolling. For Take-Two Interactive, current elevated IV makes both viable — weeklies capture the rich premium faster. The CC Score ranks both DTE ranges so you can compare directly.
The primary risk is capped upside: if Take-Two Interactive rallies sharply, you are obligated to sell at the strike price and miss gains above it. At the current top-ranked $250 strike (10.8% OTM), any rally beyond that level means you sell shares below market price. This risk is amplified with earnings in 17 days — a positive surprise can trigger a gap above your strike overnight, locking in the loss of upside before you can react. To contextualize: covered calls are best suited for sideways-to-mildly-bullish outlooks. If you expect a significant move higher, consider waiting to sell the call or using a wider strike. The CC Score penalizes strikes with elevated event risk to help you avoid the worst setups.
Take-Two Interactive currently has an IV Rank of 73%. IV is elevated, meaning option premiums are richer than usual — a favorable environment for selling covered calls. Higher IV translates directly to more income per contract for the same strike distance.
The top-ranked Take-Two Interactive covered call has 46 DTE, beyond the typical 30–45 day sweet spot. Longer-dated calls collect more total premium but have slower theta decay per day and more exposure to price moves. Consider whether you want to commit shares for that duration, and compare the annualized yield against shorter expirations in the table.