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 trades 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.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 10 uncommon options trades for T-Mobile US.
This isn't normal.
The overall sentiment of these big-money traders is split between 40% bullish and 60%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $186,811, and 6 are calls, for a total amount of $313,559.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $160.0 to $170.0 for T-Mobile US over the last 3 months.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $160.0 to $170.0 in the last 30 days.
T-Mobile US Option Volume And Open Interest Over 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 | BULLISH | 04/19/24 | $160.00 | $97.0K | 3.8K | 856 |
| TMUS | CALL | SWEEP | BULLISH | 01/16/26 | $165.00 | $95.0K | 146 | 66 |
| TMUS | CALL | TRADE | BEARISH | 08/16/24 | $160.00 | $55.7K | 319 | 50 |
| TMUS | CALL | TRADE | BULLISH | 08/16/24 | $160.00 | $45.7K | 319 | 91 |
| TMUS | CALL | TRADE | BEARISH | 06/21/24 | $170.00 | $42.5K | 3.2K | 103 |
About T-Mobile US
Deutsche Telekom merged its T-Mobile USA unit with prepaid specialist MetroPCS in 2013, and that firm merged with Sprint in 2020, creating the second-largest wireless carrier in the U.S. T-Mobile now serves 76 million postpaid and 22 million prepaid phone customers, equal to around 30% of the U.S. retail wireless market. The firm entered the fixed-wireless broadband market aggressively in 2021 and now serves nearly 5 million residential and business customers. In addition, T-Mobile provides wholesale services 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.
Current Position of T-Mobile US
- Currently trading with a volume of 2,441,048, the TMUS's price is up by 0.49%, now at $163.65.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 41 days.
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.
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