Hmm this good news coupled with the record release of BioShock could make for an interesting short squeeze. The Short Ratio for TTWO is 11.5 days as of Aug 10th. So we might see some unwinding of short positions if the stock starts heading back to pre-GTA4 levels.
Also I noticed only about 1000 contracts worth of Put movement in anticipation of this number being not so good. Also there is about a 2/1 Put to Call ratio so people are still pretty bearish on the stock in general. I wonder if BioShock selling a record number of copies is going to change this sentiment at all? In any case I'll be seeing if there is a rally in the stock in the next few days since it is already up 4.13% in after hours.
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