Whales with a lot of money to spend have taken a noticeably bearish stance on T-Mobile US.
Looking at options history for T-Mobile US TMUS we detected 16 trades.
If we consider the specifics of each trade, it is accurate to state that 31% of the investors opened trades with bullish expectations and 68% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $77,712 and 14, calls, for a total amount of $747,640.
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 $140.0 to $165.0 for T-Mobile US over the last 3 months.
Volume & Open Interest Trends
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 $140.0 to $165.0 in the last 30 days.
T-Mobile US 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TMUS | CALL | SWEEP | BEARISH | 06/21/24 | $160.00 | $187.8K | 41.0K | 302 |
| TMUS | CALL | SWEEP | BEARISH | 01/17/25 | $160.00 | $126.0K | 1.5K | 67 |
| TMUS | CALL | TRADE | BEARISH | 06/21/24 | $160.00 | $61.5K | 41.0K | 68 |
| TMUS | CALL | TRADE | BEARISH | 06/21/24 | $160.00 | $54.1K | 41.0K | 104 |
| TMUS | CALL | TRADE | BULLISH | 05/17/24 | $150.00 | $54.0K | 859 | 129 |
About T-Mobile US
Deutsche Telekom merged its T-Mobile USA unit with prepaid specialist MetroPCS in 2013, creating T-Mobile us. Following the merger, the firm provided nationwide service in major markets but spottier coverage elsewhere. T-Mobile spent aggressively on low-frequency spectrum, well suited to broad coverage, and has substantially expanded its geographic footprint. This expansion, coupled with aggressive marketing and innovative offerings, produced rapid customer growth. With the Sprint acquisition, the firm's scale now roughly matches its larger rivals: T-Mobile now serves 73 million postpaid and 21 million prepaid phone customers, equal to around 30% of the U.S. retail wireless market. In addition, the firm provides wholesale service to resellers.
Having examined the options trading patterns of T-Mobile US, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is T-Mobile US Standing Right Now?
- With a volume of 803,551, the price of TMUS is up 1.15% at $163.77.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 28 days.
Professional Analyst Ratings for T-Mobile US
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $183.66666666666666.
- In a cautious move, an analyst from Oppenheimer downgraded its rating to Outperform, setting a price target of $190.
- An analyst from Wells Fargo persists with their Overweight rating on T-Mobile US, maintaining a target price of $175.
- Maintaining their stance, an analyst from UBS continues to hold a Buy rating for T-Mobile US, targeting a price of $186.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
