High-rolling investors have positioned themselves bearish on Dell Technologies DELL, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in DELL often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 33 options trades for Dell Technologies. This is not a typical pattern.
The sentiment among these major traders is split, with 45% bullish and 54% bearish. Among all the options we identified, there was one put, amounting to $59,340, and 32 calls, totaling $2,574,441.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $50.0 and $160.0 for Dell Technologies, spanning the last three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Dell Technologies options trades today is 877.64 with a total volume of 10,458.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Dell Technologies's big money trades within a strike price range of $50.0 to $160.0 over the last 30 days.
Dell Technologies Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DELL | CALL | SWEEP | BEARISH | 07/19/24 | $90.00 | $338.0K | 726 | 300 |
| DELL | CALL | TRADE | BEARISH | 03/08/24 | $79.00 | $247.8K | 60 | 60 |
| DELL | CALL | SWEEP | BULLISH | 03/08/24 | $115.00 | $172.8K | 1.7K | 219 |
| DELL | CALL | TRADE | BULLISH | 07/19/24 | $90.00 | $165.6K | 726 | 51 |
| DELL | CALL | SWEEP | BEARISH | 03/08/24 | $80.00 | $122.1K | 72 | 30 |
About Dell Technologies
Dell Technologies is a broad information technology vendor, primarily supplying hardware to enterprises. It is focused on premium personal computers and enterprise on-premises data center hardware. It holds top-three shares in its core markets of personal computers, peripheral displays, mainstream servers, and external storage. Dell is vertically integrated but has a robust ecosystem of component and assembly partners, and also relies heavily on channel partners to fulfill its sales.
After a thorough review of the options trading surrounding Dell Technologies, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Dell Technologies
- With a volume of 4,884,660, the price of DELL is up 0.68% at $119.3.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 84 days.
What The Experts Say On Dell Technologies
5 market experts have recently issued ratings for this stock, with a consensus target price of $108.4.
- An analyst from UBS has decided to maintain their Buy rating on Dell Technologies, which currently sits at a price target of $99.
- Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Dell Technologies, targeting a price of $100.
- An analyst from Bernstein persists with their Outperform rating on Dell Technologies, maintaining a target price of $120.
- An analyst from Barclays has decided to maintain their Underweight rating on Dell Technologies, which currently sits at a price target of $94.
- Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for Dell Technologies, targeting a price of $129.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Dell Technologies, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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