Investors with a lot of money to spend have taken a bullish stance on T-Mobile US TMUS.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with TMUS, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 10 options trades for T-Mobile US.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.
Out of all of the options we uncovered, 9 are puts, for a total amount of $625,617, and there was 1 call, for a total amount of $33,200.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $120.0 to $160.0 for T-Mobile US during the past quarter.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in T-Mobile US's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to T-Mobile US's substantial trades, within a strike price spectrum from $120.0 to $160.0 over the preceding 30 days.
T-Mobile US Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TMUS | PUT | TRADE | BULLISH | 06/21/24 | $3.75 | $3.65 | $3.65 | $160.00 | $182.5K | 15.7K | 2.0K |
| TMUS | PUT | SWEEP | BEARISH | 06/21/24 | $0.48 | $0.04 | $0.49 | $120.00 | $147.0K | 9.3K | 0 |
| TMUS | PUT | TRADE | BEARISH | 12/20/24 | $4.75 | $4.35 | $4.65 | $150.00 | $116.2K | 211 | 0 |
| TMUS | PUT | SWEEP | BULLISH | 04/26/24 | $2.41 | $2.34 | $2.36 | $160.00 | $45.1K | 382 | 227 |
| TMUS | CALL | TRADE | BEARISH | 05/17/24 | $34.4 | $33.2 | $33.2 | $130.00 | $33.2K | 12 | 10 |
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
- With a volume of 1,711,894, the price of TMUS is down -0.82% at $161.34.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 23 days.
Professional Analyst Ratings for T-Mobile US
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $184.0.
- An analyst from Citigroup has decided to maintain their Buy rating on T-Mobile US, which currently sits at a price target of $184.
- An analyst from RBC Capital downgraded its action to Outperform with a price target of $184.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest T-Mobile US options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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