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Unpacking the Latest Options Trading Trends in Dell Technologies

Author: Benzinga Insights | July 12, 2024 03:31pm

Financial giants have made a conspicuous bullish move on Dell Technologies. Our analysis of options history for Dell Technologies (NYSE:DELL) revealed 55 unusual trades.

Delving into the details, we found 45% of traders were bullish, while 30% showed bearish tendencies. Out of all the trades we spotted, 19 were puts, with a value of $1,671,657, and 36 were calls, valued at $1,707,718.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $85.0 to $185.0 for Dell Technologies during the past quarter.

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 $85.0 to $185.0, over the past month.

Dell Technologies 30-Day Option Volume & Interest Snapshot

Options Call Chart

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
DELL PUT TRADE BULLISH 08/16/24 $3.9 $3.7 $3.7 $130.00 $222.0K 4.5K 130
DELL PUT SWEEP BULLISH 07/26/24 $4.9 $4.8 $4.8 $140.00 $213.1K 307 25
DELL CALL SWEEP BULLISH 10/18/24 $18.5 $18.3 $18.5 $135.00 $207.2K 1.7K 79
DELL PUT TRADE NEUTRAL 11/15/24 $4.1 $3.9 $4.0 $110.00 $160.0K 44 0
DELL PUT SWEEP BULLISH 12/20/24 $11.0 $10.8 $10.8 $125.00 $123.1K 482 23

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.

Current Position of Dell Technologies

  • Trading volume stands at 5,527,751, with DELL's price down by -0.51%, positioned at $140.0.
  • RSI indicators show the stock to be may be approaching overbought.
  • Earnings announcement expected in 48 days.

Expert Opinions on Dell Technologies

2 market experts have recently issued ratings for this stock, with a consensus target price of $160.0.

  • An analyst from Evercore ISI Group has decided to maintain their Outperform rating on Dell Technologies, which currently sits at a price target of $165.
  • An analyst from Morgan Stanley persists with their Overweight rating on Dell Technologies, maintaining a target price of $155.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Dell Technologies with Benzinga Pro for real-time alerts.

Posted In: DELL

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