Dell Technologies Options Trading: A Deep Dive into Market Sentiment
Benzinga News 03/04/2024 22:46

Investors with a lot of money to spend have taken a bullish stance on Dell Technologies (NYSE: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 27 uncommon options trades for Dell Technologies.

This isn't normal.

The overall sentiment of these big-money traders is split between 51% bullish and 48%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $138,956, and 25 are calls, for a total amount of $1,434,801.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $80.0 to $160.0 for Dell Technologies over the recent three months.

Volume & Open Interest Trends

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Dell Technologies's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Dell Technologies's whale activity within a strike price range from $80.0 to $160.0 in the last 30 days.

Dell Technologies Option Volume And Open Interest Over Last 30 Days

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 CALL SWEEP BEARISH 06/21/24 $13.3 $13.0 $13.0 $115.00 $130.0K 5.2K 21
DELL CALL TRADE NEUTRAL 06/21/24 $11.9 $11.7 $11.79 $120.00 $117.9K 2.2K 259
DELL CALL TRADE NEUTRAL 06/21/24 $5.2 $5.0 $5.1 $140.00 $110.1K 6.9K 373
DELL PUT SWEEP BULLISH 08/16/24 $17.1 $16.9 $16.9 $130.00 $106.4K 8 63
DELL CALL SWEEP BULLISH 04/12/24 $2.2 $2.15 $2.2 $125.00 $86.2K 418 891

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.

After a thorough review of the options trading surrounding Dell Technologies, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Current Position of Dell Technologies

  • With a volume of 2,086,961, the price of DELL is down -0.9% at $117.38.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 57 days.

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.


The content is provided as general information only and should not be taken as investment advice. All the contents shall not be taken as a recommendation to buy or sell any security or financial instruments. Any action you take resulting from information, analysis, or commentary on this article is your responsibility. Please consult your investment advisor before making any investments.

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