Dan Nathan spoke on CNBC's "Options Action" about unusually high, bullish options activity in T-Mobile US Inc TMUS.
He said that when the stock was trading at $61, there was a buyer of 20,000 contracts of the October 67.50 calls for 32 cents. The trade breaks even at $67.82 or 9.74 percent above the closing price on Monday.
Nathan believes T-Mobile could be a takeover target. He added that the implied volatility in the name increased significantly on Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in