Someone with a lot of money to spend has taken a bearish stance on T-Mobile US TMUS.
And retail traders should know.
We noticed this today when the big position 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.
So how do we know what this whale just did?
Today, Benzinga's options scanner spotted 11 uncommon options trades for T-Mobile US.
This isn't normal.
The overall sentiment of these big-money traders is split between 36% bullish and 63%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $284,700, and 9 are calls, for a total amount of $504,112.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $120.0 to $155.0 for T-Mobile US over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for T-Mobile US's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of T-Mobile US's whale trades within a strike price range from $120.0 to $155.0 in the last 30 days.
T-Mobile US Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TMUS | PUT | SWEEP | BEARISH | 06/21/24 | $150.00 | $246.4K | 5.2K | 521 |
| TMUS | CALL | SWEEP | BEARISH | 06/23/23 | $120.00 | $130.0K | 148 | 100 |
| TMUS | CALL | SWEEP | BEARISH | 06/23/23 | $125.00 | $81.0K | 217 | 200 |
| TMUS | CALL | TRADE | BEARISH | 06/23/23 | $125.00 | $73.0K | 217 | 100 |
| TMUS | CALL | SWEEP | BEARISH | 06/30/23 | $135.00 | $47.0K | 249 | 397 |
Where Is T-Mobile US Standing Right Now?
- With a volume of 2,549,313, the price of TMUS is up 1.57% at $133.29.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 35 days.
What The Experts Say On T-Mobile US:
- HSBC has decided to maintain their Buy rating on T-Mobile US, which currently sits at a price target of $165.
- Wolfe Research upgraded its action to Outperform with a price target of $160
- Benchmark downgraded its action to Buy with a price target of $200
- Morgan Stanley has decided to maintain their Overweight rating on T-Mobile US, which currently sits at a price target of $178.
- Morgan Stanley downgraded its action to Overweight with a price target of $178
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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