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

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 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 20 uncommon options trades for Dell Technologies.

This isn't normal.

The overall sentiment of these big-money traders is split between 55% bullish and 25%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $160,880, and 18 are calls, for a total amount of $1,182,587.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $105.0 and $150.0 for Dell Technologies, spanning the last three months.

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 $105.0 to $150.0 over the preceding 30 days.

Dell Technologies Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

About Dell Technologies

Dell Technologies is a broad information technology vendor, primarily supplying hardware to enterprises. It is focused on premium and commercial personal computers and enterprise on-premises data center hardware. It holds top-three market shares in its core markets of personal computers, peripheral displays, mainstream servers, and external storage. Dell 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.

Dell Technologies's Current Market Status

• With a volume of 2,750,514, the price of DELL is up 4.83% at $119.9.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 9 days.

Expert Opinions on Dell Technologies

3 market experts have recently issued ratings for this stock, with a consensus target price of $142.66666666666666.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on Dell Technologies with a target price of $150. * Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Dell Technologies, targeting a price of $128. * Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Dell Technologies, targeting a price of $150.

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.