TMUS Short Call — Nov 20, 2026
Trade Setup
Current Stock Price
$182.50
Entry Price
$182.50
Target Price
$91.25
Stop Loss
$365.00
Expiration
Nov 20, 2026
Suggested Contracts
1
Strike Details
Sell 160C
Risk / Reward
Max Loss
$32000.00
Max Profit
$182.50
Analysis
TMUS (T-Mobile US, Inc. - Common Stock) presents a short call opportunity with very elevated implied volatility. IV Rank 98. IV 4160.0% trades -1650.0pp above 30-day HV (5810.0%). This setup favors net premium sellers.
Sell the $160 call for $1.82 credit. Naked single-leg exposure; collect premium from time decay if TMUS stays below the strike. Underlying ~$146.54, 25 DTE. Max profit $183 per contract, max loss $32000, 0.6% return on risk, 79% POP. Breakeven at $161.82.
Management: take profit at ~50% of max profit ($91). Cut at 2x credit ($365 loss). If short strike is breached with > 14 DTE, consider rolling out for a credit. Close before expiration week to avoid gamma risk.
Setup Instructions
Underlying: TMUS @ ~$146.54 Expiration: Nov 20, 2026 (25 DTE) Net credit (entry): ~$182.50 per spread Legs:
- Sell TMUS Nov 20, 2026 $160 Call (delta 0.21, mid $1.82)
Use limit orders at the mid or slightly worse. Verify bid-ask spread (currently ~8.2% of mid) before sending.
Management Plan
Take profit at 50% of max profit ($91). Cut loss if position reaches 2x credit received ($365 loss). Roll if tested with > 14 DTE remaining.