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Traders not optimistic about EA's Take-Two deal

Nearly five months after EA first announced its bid for Take-Two, options traders appear to be questioning whether the company will be successful.

According to a Wall Street Journal report, investors pushed Take-Two's trading volume to three times the normal daily level on Wednesday - picking up 9,000 calls that allow them to buy the stock and 8,000 puts that allow them to sell it.

On Tuesday, investors picked up 4,000 calls and 6,000 puts.

The Journal opines that traders gravitating towards put contracts suggests they are growing skeptical of EA's ability to seal the deal.

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