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 trades 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.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 10 uncommon options trades for Dell Technologies.
This isn't normal.
The overall sentiment of these big-money traders is split between 40% bullish and 60%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $214,040, and 6 are calls, for a total amount of $457,750.
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 $80.0 and $155.0 for Dell Technologies, spanning the last three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $80.0 to $155.0 in the last 30 days.
Dell Technologies Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DELL | CALL | TRADE | BULLISH | 01/17/25 | $18.4 | $18.4 | $18.4 | $130.00 | $183.9K | 467 | 100 |
| DELL | CALL | TRADE | BEARISH | 05/17/24 | $16.8 | $16.3 | $16.5 | $110.00 | $110.5K | 957 | 6 |
| DELL | PUT | SWEEP | BULLISH | 06/20/25 | $4.2 | $4.0 | $4.0 | $80.00 | $96.4K | 5 | 0 |
| DELL | PUT | TRADE | BULLISH | 05/17/24 | $1.5 | $1.35 | $1.4 | $110.00 | $49.5K | 1.8K | 367 |
| DELL | CALL | TRADE | BULLISH | 05/17/24 | $4.9 | $4.5 | $4.8 | $130.00 | $48.0K | 2.7K | 275 |
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.
Present Market Standing of Dell Technologies
- Currently trading with a volume of 1,469,158, the DELL's price is down by -1.92%, now at $121.35.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 50 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Dell Technologies options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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