Investors with a lot of money to spend have taken a bullish 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 14 options trades for Dell Technologies.
This isn't normal.
The overall sentiment of these big-money traders is split between 57% bullish and 14%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $40,300, and 13, calls, for a total amount of $1,498,372.
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 $170.0 for Dell Technologies during the past quarter.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Dell Technologies's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Dell Technologies's substantial trades, within a strike price spectrum from $80.0 to $170.0 over the preceding 30 days.
Dell Technologies Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DELL | CALL | SWEEP | BEARISH | 06/14/24 | $2.75 | $2.5 | $2.5 | $140.00 | $514.4K | 4.5K | 1.9K |
| DELL | CALL | SWEEP | NEUTRAL | 01/16/26 | $38.0 | $37.3 | $38.0 | $130.00 | $193.8K | 5.8K | 0 |
| DELL | CALL | TRADE | NEUTRAL | 01/16/26 | $38.1 | $36.2 | $37.0 | $135.00 | $148.0K | 971 | 0 |
| DELL | CALL | TRADE | NEUTRAL | 01/17/25 | $61.1 | $56.7 | $59.0 | $80.00 | $118.0K | 666 | 20 |
| DELL | CALL | SWEEP | BULLISH | 07/19/24 | $1.1 | $1.0 | $1.1 | $170.00 | $110.0K | 3.8K | 84 |
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.
Following our analysis of the options activities associated with Dell Technologies, we pivot to a closer look at the company's own performance.
Dell Technologies's Current Market Status
- Currently trading with a volume of 3,918,940, the DELL's price is down by -0.93%, now at $134.5.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 85 days.
Professional Analyst Ratings for Dell Technologies
5 market experts have recently issued ratings for this stock, with a consensus target price of $135.0.
- Consistent in their evaluation, an analyst from Bernstein keeps a Outperform rating on Dell Technologies with a target price of $155.
- Consistent in their evaluation, an analyst from Barclays keeps a Underweight rating on Dell Technologies with a target price of $97.
- Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Dell Technologies with a target price of $155.
- Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Dell Technologies with a target price of $170.
- An analyst from Barclays has decided to maintain their Underweight rating on Dell Technologies, which currently sits at a price target of $98.
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.
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