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 14 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 21% leaning bullish and 78% bearish. Among these notable options, 10 are puts, totaling $1,512,504, and 4 are calls, amounting to $161,350.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $150.0 to $175.0 for T-Mobile US over the last 3 months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for T-Mobile US's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across T-Mobile US's significant trades, within a strike price range of $150.0 to $175.0, over the past month.
T-Mobile US Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TMUS | PUT | TRADE | BEARISH | 06/21/24 | $160.00 | $602.4K | 8.9K | 2.2K |
| TMUS | PUT | SWEEP | BULLISH | 06/20/25 | $150.00 | $300.2K | 2.5K | 500 |
| TMUS | PUT | SWEEP | BULLISH | 06/20/25 | $150.00 | $300.0K | 2.5K | 1.0K |
| TMUS | PUT | TRADE | BEARISH | 06/20/25 | $150.00 | $121.0K | 2.5K | 1.0K |
| TMUS | CALL | TRADE | BEARISH | 04/19/24 | $165.00 | $53.4K | 2.4K | 101 |
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.
Following our analysis of the options activities associated with T-Mobile US, we pivot to a closer look at the company's own performance.
Present Market Standing of T-Mobile US
- Currently trading with a volume of 2,617,457, the TMUS's price is down by 0.0%, now at $165.9.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 50 days.
Professional Analyst Ratings for T-Mobile US
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $205.0.
- Maintaining their stance, an analyst from Tigress Financial continues to hold a Buy rating for T-Mobile US, targeting a price of $205.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for T-Mobile US with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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