Check Out What Whales Are Doing With TMUS

Investors with a lot of money to spend have taken a bearish stance on T-Mobile US TMUS.

And retail traders should know.

We noticed this today when the positions 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.

Today, Benzinga's options scanner spotted 11 options trades for T-Mobile US.

This isn't normal.

The overall sentiment of these big-money traders is split between 45% bullish and 54%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $26,640, and 10, calls, for a total amount of $662,355.

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 $160.0 and $190.0 for T-Mobile US, spanning the last three months.

Analyzing Volume & Open Interest

In terms of liquidity and interest, the mean open interest for T-Mobile US options trades today is 1576.25 with a total volume of 1,753.00.

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 $160.0 to $190.0 over the last 30 days.

T-Mobile US Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

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.

Following our analysis of the options activities associated with T-Mobile US, we pivot to a closer look at the company's own performance.

Present Market Standing of T-Mobile US

• Trading volume stands at 1,128,994, with TMUS's price up by 0.24%, positioned at $163.76.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 17 days.

What Analysts Are Saying About T-Mobile US

In the last month, 3 experts released ratings on this stock with an average target price of $183.66666666666666.

• An analyst from Wells Fargo has decided to maintain their Overweight rating on T-Mobile US, which currently sits at a price target of $175.
• An analyst from UBS has decided to maintain their Buy rating on T-Mobile US, which currently sits at a price target of $186.
• An analyst from Oppenheimer has revised its rating downward to Outperform, adjusting the price target to $190.

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.