Looking At Dell Technologies's Recent Unusual Options Activity

A whale with a lot of money to spend has taken a noticeably bearish stance on Dell Technologies.

Looking at options history for Dell Technologies DELL we detected 11 strange trades.

If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 54% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $153,408 and 6, calls, for a total amount of $320,221.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $42.5 to $50.0 for Dell Technologies over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Dell Technologies options trades today is 900.62 with a total volume of 2,889.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Dell Technologies's big money trades within a strike price range of $42.5 to $50.0 over the last 30 days.

Dell Technologies Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
DELL CALL SWEEP BULLISH 01/17/25 $42.50 $80.6K 359 9
DELL CALL TRADE BULLISH 06/02/23 $44.00 $71.2K 125 758
DELL CALL SWEEP BULLISH 06/02/23 $45.00 $71.2K 233 531
DELL CALL SWEEP BEARISH 07/21/23 $45.00 $45.9K 6.1K 10
DELL PUT SWEEP BEARISH 06/09/23 $46.00 $41.7K 168 337

Where Is Dell Technologies Standing Right Now?

  • With a volume of 1,962,144, the price of DELL is up 1.75% at $45.59.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 0 days.

What The Experts Say On Dell Technologies:

  • Evercore ISI Group has decided to maintain their Outperform rating on Dell Technologies, which currently sits at a price target of $55.
  • Morgan Stanley has decided to maintain their Overweight rating on Dell Technologies, which currently sits at a price target of $55.

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.

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Posted In: OptionsMarketsBZI-UOA
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