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

Investors with a lot of money to spend have taken a bearish 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 9 uncommon options trades for Dell Technologies.

This isn't normal.

The overall sentiment of these big-money traders is split between 33% bullish and 66%, bearish.

Out of all of the special options we uncovered, 6 are puts, for a total amount of $212,002, and 3 are calls, for a total amount of $148,893.

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Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $80.0 and $90.0 for Dell Technologies, spanning the last three months.

Volume & Open Interest Trends

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 $80.0 to $90.0, over the past month.

Dell Technologies Option Volume And Open Interest Over 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.

Following our analysis of the options activities associated with Dell Technologies, we pivot to a closer look at the company's own performance.

Dell Technologies's Current Market Status

• Trading volume stands at 710,039, with DELL's price down by -1.2%, positioned at $81.47.
• RSI indicators show the stock to be is currently neutral between overbought and oversold.
• Earnings announcement expected in 8 days.

What Analysts Are Saying About Dell Technologies

1 market experts have recently issued ratings for this stock, with a consensus target price of $99.0.

• An analyst from UBS has decided to maintain their Buy rating on Dell Technologies, which currently sits at a price target of $99.

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.

If you want to stay updated on the latest options trades for Dell Technologies, Benzinga Pro gives you real-time options trades alerts.