I closed my long position in TTWO today.
10.25 AM Sold to close TTWO December 12 11 Call 10 contracts at $1.75.
I bought calls a week ago at the bottom of a trading channel and sold today when the price moved to the upper boundary of the channel. Taking into account that there is more resistance at 13-13.20 I chose to take profit here. There was one more reason for that. Earlier in the morning I opened a long position in a stock (URI) in the Industrial sector. The Industrials show strength lately and I prefer having long positions in the strong market sectors. At the same time, I had all market sectors into sell mode, therefore, I had to limit my long exposure.
Nevertheless, the TTWO medium and short-term charts remain bullish and closing longs was just position management on my side.
Disclaimer: I express only my personal opinion on the market and do not provide any trading or financial advice (see Disclaimer on my site).