Behind the Scenes of Dell Technologies's Latest Options Trends

Deep-pocketed investors have adopted a bullish approach towards Dell Technologies DELL, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in DELL usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Dell Technologies. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 50% leaning bullish and 37% bearish. Among these notable options, 3 are puts, totaling $592,585, and 5 are calls, amounting to $727,725.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $80.0 to $145.0 for Dell Technologies during the past quarter.

Volume & Open Interest Trends

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 $80.0 to $145.0 in the last 30 days.

Dell Technologies Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

About Dell Technologies

Dell Technologies is a broad information technology vendor, primarily supplying hardware to enterprises. It is focused on premium and commercial personal computers and enterprise on-premises data center hardware. It holds top-three market shares in its core markets of personal computers, peripheral displays, mainstream servers, and external storage. Dell 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

Current Position of Dell Technologies

• With a volume of 1,697,863, the price of DELL is up 2.85% at $98.4.
• RSI indicators hint that the underlying stock may be approaching oversold.
• Next earnings are expected to be released in 73 days.

What Analysts Are Saying About Dell Technologies

In the last month, 5 experts released ratings on this stock with an average target price of $138.2.

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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for Dell Technologies, targeting a price of $116. * Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Dell Technologies with a target price of $150. * Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on Dell Technologies with a target price of $145. * An analyst from Loop Capital persists with their Buy rating on Dell Technologies, maintaining a target price of $130. * An analyst from UBS has decided to maintain their Buy rating on Dell Technologies, which currently sits at a price target of $150.

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.

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