An investor with significant funds has taken a bearish position in T-Mobile US TMUS, a development that retail traders should be aware of. This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of this investor remains a mystery, but such a major move in TMUS usually indicates foreknowledge of upcoming events. Today, Benzinga's options scanner identified 12 options transactions for T-Mobile US. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 0% being bullish and 100% bearish. Of all the options we discovered, 11 are puts, valued at $405,566, and there was a single call, worth $43,600.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $60.0 and $200.0 for T-Mobile US, spanning the last three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for T-Mobile US options trades today is 281.67 with a total volume of 2,144.00.
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 $60.0 to $200.0 over the last 30 days.
T-Mobile US Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TMUS | PUT | SWEEP | NEUTRAL | 11/17/23 | $200.00 | $52.9K | 570 | 228 |
| TMUS | PUT | SWEEP | NEUTRAL | 11/17/23 | $200.00 | $47.6K | 570 | 323 |
| TMUS | CALL | TRADE | BEARISH | 01/19/24 | $60.00 | $43.6K | 275 | 5 |
| TMUS | PUT | SWEEP | BEARISH | 01/19/24 | $190.00 | $42.9K | 0 | 228 |
| TMUS | PUT | SWEEP | NEUTRAL | 11/17/23 | $200.00 | $42.3K | 570 | 237 |
Where Is T-Mobile US Standing Right Now?
- With a trading volume of 430,242, the price of TMUS has up by 0.07%, reaching $147.23. Current RSI values indicate that the stock is may be approaching overbought. Next earnings report is scheduled for 84 days from now.
Expert Opinions on T-Mobile US:
- Raymond James has decided to maintain their Strong Buy rating on T-Mobile US, which currently sits at a price target of $180.
- RBC Capital has decided to maintain their Outperform rating on T-Mobile US, which currently sits at a price target of $168.
- Morgan Stanley has decided to maintain their Overweight rating on T-Mobile US, which currently sits at a price target of $180.
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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