Looking At T-Mobile US's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on T-Mobile US (NASDAQ:TMUS), with 81% of recent trades being bearish and 18% bullish. The trades have targeted a price range of $135.0 to $160.0 for T-Mobile over the last 3 months. The current price of TMUS is $142.16, down 0.18%. Deutsche Bank and Raymond James have maintained their Buy and Strong Buy ratings on T-Mobile, with price targets of $180 and $173 respectively.
October 11, 2023 | 4:31 pm
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NEGATIVE IMPACT
Bearish options activity and a targeted price range of $135-$160 suggest potential downward pressure on T-Mobile's stock. However, positive ratings from Deutsche Bank and Raymond James could counteract this.
The bearish options activity indicates that a significant investor expects T-Mobile's stock to decrease in value. This could put downward pressure on the stock. However, the positive ratings from Deutsche Bank and Raymond James, which suggest they believe the stock is undervalued, could counteract this bearish sentiment.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100