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 19 extraordinary options activities for T-Mobile US ( TMUS ). This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 42% leaning bullish and 57% bearish. Among these notable options, 15 are puts, totaling $777,811, and 4 are calls, amounting to $268,260.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $140.0 and $175.0 for T-Mobile US ( TMUS ), spanning the last three months.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for T-Mobile US ( TMUS ) options trades today is 7862.89 with a total volume of 4,777.00.

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 ( TMUS ) big money trades within a strike price range of $140.0 to $175.0 over the last 30 days.

T-Mobile US 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

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.

Having examined the options trading patterns of T-Mobile US ( TMUS ), our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Current Position of T-Mobile US

Trading volume stands at 3,534,829, with TMUS's price down by -0.2%, positioned at $160.61.

RSI indicators show the stock to be may be approaching oversold.

Earnings announcement expected in 34 days.

What Analysts Are Saying About T-Mobile US

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $184.0.

Reflecting concerns, an analyst from RBC Capital lowers its rating to Outperform with a new price target of $184.

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 ( TMUS ) options trades with real-time alerts from Benzinga Pro.