Put Spread Sold on Dell (DELL)

Shares of Dell Inc. DELL are higher on the session by 1.58%, currently trading at $12.25. The stock has been running largely lower over the past five months, off from recent highs of $17.50. The stock appears to have found support near $12.00, though. One options trader is betting that the stock holds these levels over the next few months. The January 2011 $12.50/10.00 put spread was sold 8,200 times, for $0.82 a short while ago; volume did not exceed open interest on either strike. Dell Inc. is a holding company, which conducts its business globally, through its subsidiaries. It offers a range of product categories, including mobility products, desktop personal computers, software and peripherals, servers and networking, and storage.