Options Volume Explodes on Dell Inc. (DELL)

Shares of Dell Inc. DELL are lower on the session by 1.80%, currently trading at $16.07. The stock has been moving largely higher over the past four months and is currently trading above the 50-day and 200-day moving averages. Puts are very active on the name today with over 96,000 puts having traded so far. Only 23,000 calls have traded. Put volume is running at 7.72x the daily average with 38% of all puts being bought on the offer. The $15 and $16 strikes in June and August are seeing the most volume. Dell Inc. is a technology company that offers a range of technology product categories, including mobility products, desktop personal computers, software and peripherals, servers and networking products, storage and services.