That’s what whales bet on T-Mobile US

Someone with a lot of money to spend has taken a bullish stance on T-Mobile United States TMUS.

And retailers should know that.

We noticed this today when the big position appeared on the history of publicly available options we track here at Benzinga.

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Whether it is an institution or just a wealthy individual, we don’t know. But when something this big happens with TMUS, it often means someone knows something is about to happen.

Today, Benzinga’s options scanner spotted 12 options trades for T-Mobile US.

It’s not normal.

The general sentiment of these big traders is split between 75% bullish and 25% bearish.

Of all the options we discovered, 11 were puts, totaling $862,726, and there was 1 call, totaling $83,000.

What is the target price?

Given the volume and open interest on these contracts, it appears whales have been targeting a $105.0-$140.0 price range for T-Mobile US over the past 3 months.

Development of volume and open interest

In terms of liquidity and interest, the average open interest for T-Mobile US Options trades today is 2410.43 with a total volume of 7934.00.

In the following chart, we are able to track the volume and open interest of T-Mobile US large trade call and put options within a strike price range of 105, $0 to $140.0 in the last 30 days.

T-Mobile US Options Volume and Open Interest in the Last 30 Days

The biggest options spotted:

symbol PUT/CALL Kind of trade Feeling Exp. Dated Strike price Total trade price open interest Volume
TMUS TO PUT TO SWEEP UP BEARISH 01/20/23 $105.00 $216,100 4.4K 1.2K
TMUS TO PUT TRADE BULLISH 06/17/22 $110.00 $207,000 4.9K 600
TMUS TO PUT TRADE BEARISH 01/20/23 $105.00 $91,000 4.4K 1.7K
TMUS CALL TO SWEEP UP BULLISH 01/20/23 $140.00 $83,000 7.0K 100
TMUS TO PUT TRADE BULLISH 01/20/23 $105.00 $66,000 4.4K 301

Where is T-Mobile US right now?

  • With a volume of 2,741,228, the price of TMUS is up 1.29% to $125.26.
  • RSI indicators suggest that the underlying stock may be overbought.
  • The next results should be published in 67 days.

What the experts say about T-Mobile US:

  • Morgan Stanley has decided to maintain its overweight rating on T-Mobile US, which currently sits at a price target of $150.
  • Deutsche Bank has decided to maintain its buy rating on T-Mobile US, which currently sits at a price target of $185.

Options are a riskier asset than just trading stocks, but they have a higher profit potential. Serious options traders manage this risk by educating themselves daily, increasing and decreasing trades, following more than one indicator, and following the markets closely.

If you are already an options trader or want to get started, head over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analysis to bolster your investing and trading strategy.

About Mildred B.

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