Dell Technologies Unusual Options Activity For August 08

Someone with a lot of money to spend has taken a bullish stance on Dell Technologies DELL.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, 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 13 options trades for Dell Technologies.

This isn't normal.

The overall sentiment of these big-money traders is split between 53% bullish and 46%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $40,000, and 12, calls, for a total amount of $567,566..

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 $45.0 to $67.5 for Dell Technologies over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Dell Technologies options trades today is 421.5 with a total volume of 9,706.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Dell Technologies's big money trades within a strike price range of $45.0 to $67.5 over the last 30 days.

Dell Technologies Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
DELL CALL SWEEP BULLISH 09/15/23 $60.00 $87.4K 468 64
DELL CALL TRADE NEUTRAL 09/15/23 $57.50 $71.2K 183 426
DELL CALL SWEEP BULLISH 09/15/23 $60.00 $58.0K 468 1.2K
DELL CALL TRADE BEARISH 08/11/23 $56.00 $51.4K 219 1.0K
DELL CALL SWEEP BULLISH 01/19/24 $67.50 $49.1K 20 275

Where Is Dell Technologies Standing Right Now?

  • With a volume of 2,867,267, the price of DELL is up 5.77% at $57.72.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 23 days.

What The Experts Say On Dell Technologies:

  • Goldman Sachs has decided to maintain their Buy rating on Dell Technologies, which currently sits at a price target of $55.
  • Goldman Sachs has decided to maintain their Buy rating on Dell Technologies, which currently sits at a price target of $61.

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.

Market News and Data brought to you by Benzinga APIs
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Posted In: OptionsMarketsBZI-UOA
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