Smart Money Is Betting Big In TMUS Options

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 these are institutions or just wealthy individuals, we don't know. But when something this big happens with TMUS, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 9 uncommon options trades for T-Mobile US.

This isn't normal.

The overall sentiment of these big-money traders is split between 44% bullish and 33%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $173,998, and 6 are calls, for a total amount of $266,318.

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 $220.0 to $340.0 for T-Mobile US over the last 3 months.

Volume & Open Interest Trends

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 $220.0 to $340.0, over the past month.

T-Mobile US Option Activity Analysis: Last 30 Days

Largest Options Trades Observed:

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 us. T-Mobile now serves 77 million postpaid and 21 million prepaid phone customers, equal to around 30% of the us retail wireless market. The firm entered the fixed-wireless broadband market aggressively in 2021 and now serves more than 5 million residential and business customers. In addition, T-Mobile provides wholesale services to resellers.

In light of the recent options history for T-Mobile US, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Where Is T-Mobile US Standing Right Now?

• Trading volume stands at 1,520,470, with TMUS's price up by 0.69%, positioned at $260.53.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 29 days.

What Analysts Are Saying About T-Mobile US

A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $268.25.

Turn $1000 into $1270 in just 20 days?

20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from RBC Capital has decided to maintain their Sector Perform rating on T-Mobile US, which currently sits at a price target of $260. * An analyst from Citigroup has revised its rating downward to Neutral, adjusting the price target to $268. * Maintaining their stance, an analyst from Scotiabank continues to hold a Sector Perform rating for T-Mobile US, targeting a price of $275. * Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on T-Mobile US with a target price of $270.

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.