Behind the Scenes of Dell Technologies's Latest Options Trends

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 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 12 options trades for Dell Technologies.

This isn't normal.

The overall sentiment of these big-money traders is split between 16% bullish and 83%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $39,900, and 11, calls, for a total amount of $1,058,162.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $47.5 to $77.5 for Dell Technologies over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $47.5 to $77.5 in the last 30 days.

Dell Technologies Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

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.

In light of the recent options history for Dell Technologies, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Where Is Dell Technologies Standing Right Now?

• Trading volume stands at 1,507,317, with DELL's price up by 0.09%, positioned at $69.3.
• RSI indicators show the stock to be is currently neutral between overbought and oversold.
• Earnings announcement expected in 79 days.

Expert Opinions on Dell Technologies

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $85.0.

• An analyst from Melius Research has revised its rating downward to Buy, adjusting the price target to $95.
• Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Dell Technologies with a target price of $85.
• Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on Dell Technologies with a target price of $77.
• An analyst from Raymond James has decided to maintain their Outperform rating on Dell Technologies, which currently sits at a price target of $82.
• An analyst from Goldman Sachs persists with their Buy rating on Dell Technologies, maintaining a target price of $86.

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.