A whale with a lot of money to spend has taken a noticeably bearish stance on T-Mobile US.
Looking at options history for T-Mobile US TMUS we detected 18 strange trades.
If we consider the specifics of each trade, it is accurate to state that 11% of the investors opened trades with bullish expectations and 88% with bearish.
From the overall spotted trades, 13 are puts, for a total amount of $682,597 and 5, calls, for a total amount of $168,909.
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 $115.0 to $150.0 for T-Mobile US over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for T-Mobile US options trades today is 2679.78 with a total volume of 3,601.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for T-Mobile US's big money trades within a strike price range of $115.0 to $150.0 over 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 | TRADE | BEARISH | 01/17/25 | $125.00 | $182.6K | 1.1K | 220 |
| TMUS | PUT | TRADE | NEUTRAL | 01/19/24 | $130.00 | $72.0K | 8.9K | 412 |
| TMUS | PUT | TRADE | NEUTRAL | 01/19/24 | $130.00 | $72.0K | 8.9K | 210 |
| TMUS | CALL | TRADE | BEARISH | 02/16/24 | $135.00 | $45.7K | 265 | 33 |
| TMUS | PUT | SWEEP | BEARISH | 11/17/23 | $140.00 | $44.9K | 1.1K | 81 |
Where Is T-Mobile US Standing Right Now?
- With a volume of 1,717,305, the price of TMUS is up 0.46% at $138.98.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 73 days.
What The Experts Say On T-Mobile US:
- RBC Capital has decided to maintain their Outperform rating on T-Mobile US, which currently sits at a price target of $163.
- Morgan Stanley has decided to maintain their Overweight rating on T-Mobile US, which currently sits at a price target of $179.
- Benchmark downgraded its action to Buy with a price target of $200
- TD Cowen has decided to maintain their Outperform rating on T-Mobile US, which currently sits at a price target of $210.
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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