Decoding Dell Technologies's Options Activity: What's the Big Picture?

Whales with a lot of money to spend have taken a noticeably bullish stance on Dell Technologies.

Looking at options history for Dell Technologies DELL we detected 65 trades.

If we consider the specifics of each trade, it is accurate to state that 43% of the investors opened trades with bullish expectations and 30% with bearish.

From the overall spotted trades, 44 are puts, for a total amount of $2,424,389 and 21, calls, for a total amount of $1,378,842.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $50.0 and $250.0 for Dell Technologies, spanning the last three months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $50.0 to $250.0 in the last 30 days.

Dell Technologies Option Activity Analysis: Last 30 Days

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.

Dell Technologies's Current Market Status

• With a trading volume of 8,004,640, the price of DELL is down by -0.37%, reaching $131.96.
• Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
• Next earnings report is scheduled for 79 days from now.

What The Experts Say On Dell Technologies

5 market experts have recently issued ratings for this stock, with a consensus target price of $152.6.

• Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Dell Technologies with a target price of $155.
• An analyst from Wells Fargo has decided to maintain their Overweight rating on Dell Technologies, which currently sits at a price target of $175.
• An analyst from B of A Securities persists with their Buy rating on Dell Technologies, maintaining a target price of $180.
• An analyst from Barclays has decided to maintain their Underweight rating on Dell Technologies, which currently sits at a price target of $98.
• Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on Dell Technologies with a target price of $155.

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.