Dell Technologies's Options: A Look at What the Big Money is Thinking

Investors with a lot of money to spend have taken a bearish stance on Dell Technologies DELL.

And retail traders should know.

We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with DELL, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 30 options trades for Dell Technologies.

This isn't normal.

The overall sentiment of these big-money traders is split between 23% bullish and 76%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $78,997, and 29, calls, for a total amount of $2,224,897.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $80.0 to $150.0 for Dell Technologies during the past quarter.

Volume & Open Interest Trends

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Dell Technologies's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Dell Technologies's whale trades within a strike price range from $80.0 to $150.0 in the last 30 days.

Dell Technologies Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

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.

Having examined the options trading patterns of Dell Technologies, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Present Market Standing of Dell Technologies

• Trading volume stands at 4,568,769, with DELL's price down by -0.98%, positioned at $111.14.
• RSI indicators show the stock to be is currently neutral between overbought and oversold.
• Earnings announcement expected in 66 days.

Expert Opinions on Dell Technologies

5 market experts have recently issued ratings for this stock, with a consensus target price of $121.4.

• An analyst from Loop Capital has revised its rating downward to Buy, adjusting the price target to $125.
• An analyst from Morgan Stanley has decided to maintain their Overweight rating on Dell Technologies, which currently sits at a price target of $128.
• An analyst from Wells Fargo has decided to maintain their Overweight rating on Dell Technologies, which currently sits at a price target of $140.
• An analyst from Bernstein persists with their Outperform rating on Dell Technologies, maintaining a target price of $120.
• An analyst from Barclays persists with their Underweight rating on Dell Technologies, maintaining a target price of $94.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Dell Technologies with Benzinga Pro for real-time alerts.