What the Options Market Tells Us About T-Mobile US
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards T-Mobile US (NASDAQ:TMUS), as revealed by Benzinga's tracking of public options records. The options market activity indicates a divided sentiment with 42% bullish and 57% bearish, focusing on a price band between $140.0 and $175.0. The largest trades include both puts and calls with varying sentiments. T-Mobile US's current market position shows a slight price decrease with an upcoming earnings announcement. An analyst from RBC Capital has lowered its rating to Outperform with a price target of $184.
March 22, 2024 | 8:30 pm
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NEGATIVE IMPACT
Bearish options market sentiment with a divided outlook and a price target focus between $140-$175. RBC Capital lowers rating to Outperform with a $184 target.
The bearish sentiment in the options market, combined with the recent downgrade by RBC Capital, suggests potential short-term downward pressure on TMUS stock. The focus on a specific price band in options trading and the upcoming earnings announcement add to the relevance and importance of this news for investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100