TMUS options flow: unusual options activity in T-Mobile US, Inc.
Updated 28 September 2026, 09:54 ET
Over the last week the tape recorded 73 unusual options prints in T-Mobile US, Inc. (TMUS), $6.5M of tracked premium, leaning bearish. Bullish premium was $1.8M against $3.5M bearish; $4.4M went into calls and $2.1M into puts, a put call ratio of 0.48. The largest print was $531K of TMUS 2 Oct 2026 $162.50 calls on 23 September 2026, swept at bid. The last session with prints, 25 September 2026, added 4 prints and $146K of premium. TMUS closed at $165.43 on 25 September 2026, unchanged.
This week's unusual flow
Prints from 21 September 2026 to 25 September 2026, 5 sessions. Delayed tier: every print is shown twenty minutes after it executed, and the page is rebuilt after each session.
Net premium is bullish minus bearish premium. The put call ratio is put premium divided by call premium, weighted by money rather than by contract count. Sweeps is the share of prints executed across several exchanges at once. Read the guide: Reading the Pulse.
Largest prints of the week
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 23 Sep 2026 | TMUS 2 Oct 2026 $162.50 calls | Sweep | 1,432 | 841 | $531K | At bid | Bearish | Whale |
| 23 Sep 2026 | TMUS 21 Jan 2028 $160 puts | Trade | 250 | 11,204 | $495K | At ask | Neutral | |
| 23 Sep 2026 | TMUS 18 Dec 2026 $135 calls | Sweep | 90 | 29 | $270K | At bid | Bearish | High conviction |
| 21 Sep 2026 | TMUS 15 Jan 2027 $160 calls | Sweep | 152 | 244 | $228K | At bid | Bearish | Notable |
| 24 Sep 2026 | TMUS 20 Nov 2026 $170 puts | Sweep | 180 | 345 | $193K | At ask | Bearish | High conviction |
| 22 Sep 2026 | TMUS 15 Jan 2027 $160 calls | Sweep | 124 | 192 | $188K | At ask | Bullish | High conviction |
| 21 Sep 2026 | TMUS 15 Jan 2027 $160 calls | Trade | 100 | 244 | $167K | At ask | Bullish | |
| 21 Sep 2026 | TMUS 15 Jan 2027 $160 calls | Trade | 100 | 244 | $166K | At ask | Bullish | |
| 23 Sep 2026 | TMUS 20 Nov 2026 $165 calls | Sweep | 150 | 76 | $145K | At ask | Neutral | Notable |
| 23 Sep 2026 | TMUS 2 Oct 2026 $165 calls | Sweep | 500 | 1,052 | $132K | At bid | Bearish | Notable |
| 22 Sep 2026 | TMUS 2 Oct 2026 $170 calls | Trade | 1,070 | 1,905 | $128K | At ask | Bullish | Notable |
| 21 Sep 2026 | TMUS 17 Sep 2027 $165 calls | Trade | 50 | 1 | $124K | At ask | Bullish | Notable |
Size above open interest means the trade opened a position larger than everything that existed in the contract the night before. Above ask and below bid are the most aggressive executions. Read the guide: Size versus open interest.
Where the money is aimed
| Expiry | Prints | Premium | Calls share | Net premium |
|---|---|---|---|---|
| 20 Nov 2026 | 16 | $1.4M | 13% | -$1.2M |
| 15 Jan 2027 | 13 | $1.4M | 95% | +$327K |
| 2 Oct 2026 | 12 | $1.3M | 100% | -$400K |
| 25 Sep 2026 | 10 | $602K | 82% | -$183K |
| 21 Jan 2028 | 3 | $573K | 0% | -$78K |
| 18 Dec 2026 | 3 | $346K | 100% | -$346K |
The most premium, $1.4M, is aimed at the 20 Nov 2026 expiry; the nearest expiry with unusual prints is 25 Sep 2026.
A print in a contract expiring this week is a view about the next few days, often about a known event; a print months out is a different kind of statement. Read the guide: 0DTE options flow.
The last session, 25 September 2026
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 25 Sep 2026 | TMUS 2 Oct 2026 $170 calls | Trade | 360 | 2,668 | $40K | At ask | Bullish | |
| 25 Sep 2026 | TMUS 2 Oct 2026 $170 calls | Trade | 359 | 2,668 | $39K | At ask | Bullish | |
| 25 Sep 2026 | TMUS 20 Nov 2026 $195 calls | Sweep | 255 | 291 | $38K | At bid | Bearish | Notable |
| 25 Sep 2026 | TMUS 19 Mar 2027 $170 puts | Sweep | 17 | 820 | $29K | At ask | Bearish | Notable |
Every print in TMUS with its full detail, the live tape, one tap filters and saved screeners: open TMUS in Options Sentiment Screener.
Price
The live quote and the price chart sit beside the ticker's flow in the app: open TMUS in Options Sentiment Screener.
Analysts
The most recent analyst targets on file, from 13 firms, have a median of $243, 46.9% above the last close. The last 90 days brought 1 upgrade and 1 downgrade.
Calls bought at a strike above the average target are a bet that the analysts are too cautious; puts far below the price in a name they like are protection or a strong disagreement. Read the guide: Reading one ticker's flow.
About T-Mobile US, Inc.
- Exchange
- Nasdaq
- Sector
- Communication Services
- Industry
- Communication
- Headquarters
- Bellevue, Washington
- Website
- t-mobile.com
T-Mobile US, Inc. provides mobile communications services in the United States, Puerto Rico, and United States Virgin Islands. The company offers voice, messaging, and data services to 108.7 million customers in the postpaid, prepaid, and wholesale markets. As of December 31, 2021, it operated approximately 102,000 macro cell and 41,000 small cell/distributed antenna system sites.
In the same sector
Flow pages for other Communication Services names in the S&P 500:
GOOGL Alphabet Inc.GOOG Alphabet Inc.META Meta Platforms, Inc.NFLX Netflix Inc.VZ Verizon Communications Inc.DIS Walt Disney Co.T AT&T Inc.APP AppLovin Corp.
Learn
- What unusual options activity means
- Reading one ticker's flow
- Sweeps, blocks and where a trade printed
- Size versus open interest
- Bullish or bearish, how a print's sentiment is inferred
- The conviction score and whale prints
The live tape for TMUS with every print's execution detail, one tap filters for calls, puts, sweeps and 0DTE, saved screeners and, for Realtime subscribers, push alerts and no delay. The same screen is in the iOS and Android apps.
Open TMUS in Options Sentiment Screener