A whale with a lot of money to spend has taken a noticeably bearish stance on Dell Technologies.
Looking at options history for Dell Technologies DELL we detected 13 strange trades.
If we consider the specifics of each trade, it is accurate to state that 23% of the investors opened trades with bullish expectations and 76% with bearish.
From the overall spotted trades, 10 are puts, for a total amount of $531,700 and 3, calls, for a total amount of $271,502.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $55.0 to $85.0 for Dell Technologies over the last 3 months.
Volume & Open Interest Development
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 $55.0 to $85.0 in the last 30 days.
Dell Technologies Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DELL | CALL | TRADE | BULLISH | 09/15/23 | $55.00 | $175.0K | 778 | 101 |
| DELL | PUT | TRADE | BEARISH | 06/21/24 | $65.00 | $141.0K | 124 | 300 |
| DELL | PUT | TRADE | BEARISH | 09/15/23 | $80.00 | $97.5K | 74 | 862 |
| DELL | CALL | SWEEP | BULLISH | 01/19/24 | $85.00 | $58.3K | 518 | 328 |
| DELL | PUT | TRADE | BEARISH | 01/19/24 | $70.00 | $43.4K | 242 | 539 |
Where Is Dell Technologies Standing Right Now?
- With a volume of 6,566,589, the price of DELL is up 2.35% at $72.16.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 80 days.
What The Experts Say On Dell Technologies:
- Barclays downgraded its action to Underweight with a price target of $53
- Raymond James has decided to maintain their Outperform rating on Dell Technologies, which currently sits at a price target of $68.
- UBS has decided to maintain their Buy rating on Dell Technologies, which currently sits at a price target of $69.
- Barclays has decided to maintain their Equal-Weight rating on Dell Technologies, which currently sits at a price target of $53.
- Morgan Stanley has decided to maintain their Overweight rating on Dell Technologies, which currently sits at a price target of $70.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Dell Technologies, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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