T-Mobile US has treated the bulls very well, and they keep
coming back for more.
optionMONSTER's Heat Seeker monitoring system detected
frequent call buying
in the wireless company in March and April, when it still was
called MetroPCS Communications. It's been rampaging higher since,
throwing off profits of several hundred percent again and again.
The name is lighting up our screens today, this time with buyers
paying $0.49 and $0.50 for the August 22 calls. An even 2,500 of
the contracts were purchased in volume that dwarfed the previous
open interest of just 4 contracts.
Once again, investors have locked in a purchase price using
. The traders stand to enjoy significant leverage if the stock
continues to climb while limiting the amount of money they can lose
if it drops. (See our
TMUS is up 0.36 percent to $19.76 this afternoon and has risen 19
percent so far this year. Its name was changed on May 1 after
merging with Deutsche Telekom's T-Mobile business.
Calls outnumber puts by a bullish 6-to-1 ratio so far today,
according to the Heat Seeker.