Initiate a disciplined Overweight in TMUS at $177.5 with a 0.4-0.5% Tranche 1 and $162 hard stop (below Bollinger lower band, 2.4x ATR). Maximum total allocation capped at 1.5%, with subsequent tranches triggering ONLY on confirmed strength—$182 breakout with rising volume and MACD stabilization, then $196 200 SMA reclaim. Volatility harvesting via cash-secured puts at $160 or covered calls at $190-195 monetizes elevated IV while the basing pattern matures. Upgrade to Buy only on Q3 2026 sequential FCF growth plus revenue re-acceleration or confirmed technical bottom.