Deep-pocketed investors have adopted a bearish approach towards T-Mobile US TMUS, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in TMUS usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for T-Mobile US. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 20% leaning bullish and 80% bearish. Among these notable options, 2 are puts, totaling $89,340, and 8 are calls, amounting to $253,733.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $160.0 to $220.0 for T-Mobile US during the past quarter.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for T-Mobile US options trades today is 2090.33 with a total volume of 9,628.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for T-Mobile US's big money trades within a strike price range of $160.0 to $220.0 over the last 30 days.
T-Mobile US 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TMUS | PUT | TRADE | BULLISH | 01/17/25 | $220.00 | $47.2K | 0 | 0 |
| TMUS | CALL | TRADE | NEUTRAL | 04/19/24 | $165.00 | $45.5K | 275 | 1.0K |
| TMUS | PUT | TRADE | NEUTRAL | 01/17/25 | $220.00 | $42.1K | 0 | 15 |
| TMUS | CALL | SWEEP | BEARISH | 06/21/24 | $165.00 | $32.4K | 8.5K | 1.7K |
| TMUS | CALL | SWEEP | BEARISH | 06/21/24 | $165.00 | $32.0K | 8.5K | 1.5K |
About T-Mobile US
Deutsche Telekom merged its T-Mobile USA unit with prepaid specialist MetroPCS in 2013, and that firm merged with Sprint in 2020, creating the second-largest wireless carrier in the U.S. T-Mobile now serves 76 million postpaid and 22 million prepaid phone customers, equal to around 30% of the U.S. retail wireless market. The firm entered the fixed-wireless broadband market aggressively in 2021 and now serves nearly 5 million residential and business customers. In addition, T-Mobile provides wholesale services to resellers.
After a thorough review of the options trading surrounding T-Mobile US, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of T-Mobile US
- Currently trading with a volume of 2,076,046, the TMUS's price is down by -0.15%, now at $161.33.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 69 days.
Professional Analyst Ratings for T-Mobile US
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $190.2.
- Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on T-Mobile US with a target price of $185.
- An analyst from Benchmark has revised its rating downward to Buy, adjusting the price target to $200.
- Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for T-Mobile US, targeting a price of $175.
- Maintaining their stance, an analyst from Tigress Financial continues to hold a Buy rating for T-Mobile US, targeting a price of $205.
- Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for T-Mobile US, targeting a price of $186.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for T-Mobile US, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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