Bonawyn Eison Sees Unusual Options Activity In Dell Technologies

On CNBC's "Options Action," Bonawyn Eison said calls outpaced puts 2 to 1 in Dell Technologies Inc DELL on Monday and the options volume was twice the average daily options volume.

The company is going to report earnings on Tuesday and the stock moves around 7% on average on the event. The options market is implying a move of 9% in each direction. Eison noticed one trade during the session. Somebody sold 1,250 contracts of the December $70 calls for $2.75. The trade breaks even at $72.75.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment
Posted In: OptionsMarketsMediaBonawyn EisonCNBCOptions Action
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!