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 8 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 37% leaning bullish and 62% bearish. Among these notable options, 2 are puts, totaling $110,700, and 6 are calls, amounting to $215,505.
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 $145.0 to $190.0 for T-Mobile US over the last 3 months.
Volume & Open Interest Development
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 $145.0 to $190.0, over the past month.
T-Mobile US 30-Day Option Volume & Interest Snapshot
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 | BEARISH | 01/17/25 | $2.63 | $2.45 | $2.6 | $145.00 | $78.0K | 4.7K | 300 |
| TMUS | CALL | SWEEP | BULLISH | 06/20/25 | $5.1 | $4.8 | $5.02 | $190.00 | $48.1K | 2.3K | 134 |
| TMUS | CALL | SWEEP | BEARISH | 05/17/24 | $0.74 | $0.72 | $0.73 | $165.00 | $42.6K | 16.8K | 1.4K |
| TMUS | CALL | SWEEP | BEARISH | 05/17/24 | $0.88 | $0.77 | $0.78 | $165.00 | $36.8K | 16.8K | 1.7K |
| TMUS | CALL | SWEEP | BEARISH | 01/16/26 | $15.5 | $14.4 | $14.4 | $175.00 | $36.0K | 190 | 25 |
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.
Current Position of T-Mobile US
- With a trading volume of 2,538,471, the price of TMUS is up by 0.88%, reaching $164.27.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 77 days from now.
Expert Opinions on T-Mobile US
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $191.66666666666666.
- An analyst from TD Cowen persists with their Buy rating on T-Mobile US, maintaining a target price of $202.
- An analyst from RBC Capital persists with their Outperform rating on T-Mobile US, maintaining a target price of $188.
- Consistent in their evaluation, an analyst from Keybanc keeps a Overweight rating on T-Mobile US with a target price of $185.
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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