Bonawyn Eison Sees Unusual Options Activity In Dell Technologies

On CNBC's "Options Action," Bonawyn Eison said calls outpaced puts 2 to 1 in Dell Technologies Inc DELL on Monday and the options volume was twice the average daily options volume.

The company is going to report earnings on Tuesday and the stock moves around 7% on average on the event. The options market is implying a move of 9% in each direction. Eison noticed one trade during the session. Somebody sold 1,250 contracts of the December $70 calls for $2.75. The trade breaks even at $72.75.