Behind the Scenes of Dell Technologies's Latest Options Trends

Investors with a lot of money to spend have taken a bullish stance on Dell Technologies DELL.

And retail traders should know.

We noticed this today when the trades 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.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 13 uncommon 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 special options we uncovered, 5 are puts, for a total amount of $143,825, and 8 are calls, for a total amount of $547,693.

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 $47.5 to $72.5 for Dell Technologies over the last 3 months.

Analyzing Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Dell Technologies's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Dell Technologies's significant trades, within a strike price range of $47.5 to $72.5, over the past month.

Dell Technologies Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

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.

Dell Technologies's Current Market Status

• Currently trading with a volume of 961,957, the DELL's price is down by -0.31%, now at $77.02.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 63 days.

What The Experts Say On Dell Technologies

In the last month, 4 experts released ratings on this stock with an average target price of $82.5.

• Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Dell Technologies with a target price of $85.
• An analyst from Goldman Sachs persists with their Buy rating on Dell Technologies, maintaining a target price of $86.
• Consistent in their evaluation, an analyst from Raymond James keeps a Outperform rating on Dell Technologies with a target price of $82.
• An analyst from JP Morgan persists with their Neutral rating on Dell Technologies, maintaining a target price of $77.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Dell Technologies with Benzinga Pro for real-time alerts.