Deep-pocketed investors have adopted a bearish approach towards T-Mobile US TMUS, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in TMUS usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for T-Mobile US. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 25% leaning bullish and 50% bearish. Among these notable options, 5 are puts, totaling $175,460, and 7 are calls, amounting to $274,494.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $160.0 to $190.0 for T-Mobile US over the recent three months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of T-Mobile US stands at 1356.36, with a total volume reaching 867.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in T-Mobile US, situated within the strike price corridor from $160.0 to $190.0, throughout the last 30 days.
T-Mobile US Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TMUS | CALL | SWEEP | BEARISH | 06/20/25 | $15.5 | $12.9 | $13.7 | $190.00 | $71.0K | 2.7K | 52 |
| TMUS | CALL | TRADE | NEUTRAL | 09/20/24 | $24.15 | $23.5 | $23.78 | $160.00 | $59.4K | 592 | 25 |
| TMUS | PUT | TRADE | BEARISH | 12/20/24 | $10.75 | $10.2 | $10.75 | $185.00 | $59.1K | 151 | 55 |
| TMUS | PUT | SWEEP | NEUTRAL | 06/28/24 | $6.45 | $6.4 | $6.4 | $185.00 | $32.0K | 0 | 100 |
| TMUS | CALL | SWEEP | BEARISH | 09/20/24 | $6.4 | $6.35 | $6.35 | $185.00 | $31.9K | 514 | 52 |
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 us T-Mobile now serves 77 million postpaid and 21 million prepaid phone customers, equal to around 30% of the us retail wireless market. The firm entered the fixed-wireless broadband market aggressively in 2021 and now serves more than 5 million residential and business customers. In addition, T-Mobile provides wholesale services 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
Present Market Standing of T-Mobile US
- Trading volume stands at 3,066,720, with TMUS's price up by 0.73%, positioned at $181.13.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 45 days.
What Analysts Are Saying About T-Mobile US
In the last month, 2 experts released ratings on this stock with an average target price of $197.5.
- In a cautious move, an analyst from Benchmark downgraded its rating to Buy, setting a price target of $200.
- Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for T-Mobile US, targeting a price of $195.
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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