Unusual Options Activity in Dell
Dell (Nasdaq: DELL) saw a block of 10,800 January 2013 $15 calls trade on the offer of $0.19 early Thursday morning, pushing implied volatility up 0.60% to 31.4.
Open interest is high enough to cover this morning's volume, so it is either a closing transaction or an investor betting that the shares will fill the upside gap set in late May following disappointing first-quarter earnings.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.