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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.
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.
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.
| 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 |
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.
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.
Posted In: DELL
