Dell Technologies's Options: A Look at What the Big Money is Thinking

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 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 10 options trades for Dell Technologies.

This isn't normal.

The overall sentiment of these big-money traders is split between 90% bullish and 10%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $47,430, and 9, calls, for a total amount of $1,857,539.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $100.0 to $125.0 for Dell Technologies during the past quarter.

Insights into Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Dell Technologies's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Dell Technologies's substantial trades, within a strike price spectrum from $100.0 to $125.0 over the preceding 30 days.

Dell Technologies 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

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.

Having examined the options trading patterns of Dell Technologies, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Present Market Standing of Dell Technologies

• Trading volume stands at 2,642,378, with DELL's price up by 0.62%, positioned at $107.29.
• RSI indicators show the stock to be is currently neutral between overbought and oversold.
• Earnings announcement expected in 72 days.

Expert Opinions on Dell Technologies

In the last month, 5 experts released ratings on this stock with an average target price of $120.4.

• An analyst from JP Morgan has decided to maintain their Overweight rating on Dell Technologies, which currently sits at a price target of $100.
• An analyst from Bernstein has decided to maintain their Outperform rating on Dell Technologies, which currently sits at a price target of $120.
• Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on Dell Technologies with a target price of $129.
• An analyst from Loop Capital downgraded its action to Buy with a price target of $125.
• An analyst from Morgan Stanley has decided to maintain their Overweight rating on Dell Technologies, which currently sits at a price target of $128.

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.