Unusual Put Option Trade in T-Mobile Worth $1,800K

On May 8, 2023 at 15:45:24 ET an unusually large $1,800.00K block of Put contracts in T-Mobile US (TMUS) was sold, with a strike price of $180.00 / share, expiring in 11 day(s) (on May 19, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.28 sigmas above the mean, placing it in the 91.50th percentile of all recent large trades made in TMUS options.

This trade was first picked up on Fintel’s real time Options Flow tool, where unusual option trades are highlighted.

What is the Fund Sentiment?

There are 2272 funds or institutions reporting positions in T-Mobile US. This is an increase of 52 owner(s) or 2.34% in the last quarter. Average portfolio weight of all funds dedicated to TMUS is 0.67%, a decrease of 5.32%. Total shares owned by institutions decreased in the last three months by 2.46% to 610,840K shares. The put/call ratio of TMUS is 0.87, indicating a bullish outlook.

Analyst Price Forecast Suggests 27.27% Upside

As of April 24, 2023, the average one-year price target for T-Mobile US is 182.71. The forecasts range from a low of 149.48 to a high of $236.25. The average price target represents an increase of 27.27% from its latest reported closing price of 143.56.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for T-Mobile US is 84,578MM, an increase of 6.95%. The projected annual non-GAAP EPS is 6.81.

What are Other Shareholders Doing?

Softbank Group holds 39,772K shares representing 3.31% ownership of the company. No change in the last quarter.

Price T Rowe Associates holds 22,182K shares representing 1.85% ownership of the company. In it’s prior filing, the firm reported owning 20,381K shares, representing an increase of 8.12%. The firm increased its portfolio allocation in TMUS by 11.37% over the last quarter.

Norges Bank holds 20,010K shares representing 1.67% ownership of the company. In it’s prior filing, the firm reported owning 0K shares, representing an increase of 100.00%.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 18,909K shares representing 1.58% ownership of the company. In it’s prior filing, the firm reported owning 18,710K shares, representing an increase of 1.05%. The firm decreased its portfolio allocation in TMUS by 2.61% over the last quarter.

Invesco Qqq Trust, Series 1 holds 16,597K shares representing 1.38% ownership of the company. In it’s prior filing, the firm reported owning 18,414K shares, representing a decrease of 10.95%. The firm decreased its portfolio allocation in TMUS by 4.40% over the last quarter.

T-Mobile US Background Information
(This description is provided by the company.)

T-Mobile U.S. Inc. is America’s supercharged Un-carrier, delivering an advanced 4G LTE and transformative nationwide 5G network that will offer reliable connectivity for all. T-Mobile’s customers benefit from its unmatched combination of value and quality, unwavering obsession with offering them the best possible service experience and undisputable drive for disruption that creates competition and innovation in wireless and beyond. Based in Bellevue, Wash., T-Mobile provides services through its subsidiaries and operates its flagship brands, T-Mobile, Metro by T-Mobile and Sprint.

See all T-Mobile US regulatory filings.

This article originally appeared on Fintel

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