Whales with a lot of money to spend have taken a noticeably bullish stance on Dell Technologies ( DELL ).
Looking at options history for Dell Technologies ( DELL ) we detected 21 trades.
If we consider the specifics of each trade, it is accurate to state that 66% of the investors opened trades with bullish expectations and 28% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $482,740 and 13, calls, for a total amount of $771,187.
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $70.0 to $150.0 for Dell Technologies ( DELL ) over the last 3 months.
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Dell Technologies's ( DELL ) options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Dell Technologies's ( DELL ) substantial trades, within a strike price spectrum from $70.0 to $150.0 over the preceding 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
DELL | CALL | TRADE | BEARISH | 425 | 80 | ||||||
DELL | PUT | TRADE | BULLISH | 167 | 40 | ||||||
DELL | CALL | TRADE | BEARISH | 1.3K | 15 | ||||||
DELL | CALL | TRADE | BULLISH | 5.2K | 619 | ||||||
DELL | PUT | TRADE | BULLISH | 2.8K | 163 |
Dell Technologies ( DELL ) is a broad information technology vendor, primarily supplying hardware to enterprises. It is focused on premium and commercial personal computers and enterprise on-premises data center hardware. It holds top-three market shares in its core markets of personal computers, peripheral displays, mainstream servers, and external storage. Dell 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 ( DELL ), we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Currently trading with a volume of 2,119,135, the DELL's price is up by 2.32%, now at $111.51.
RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
Anticipated earnings release is in 6 days.
In the last month, 5 experts released ratings on this stock with an average target price of $140.4.
In a positive move, an analyst from Barclays has upgraded their rating to Equal-Weight and adjusted the price target to $97.
An analyst from Citigroup persists with their Buy rating on Dell Technologies ( DELL ), maintaining a target price of $155.
Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for Dell Technologies ( DELL ), targeting a price of $140.
An analyst from JP Morgan has decided to maintain their Overweight rating on Dell Technologies ( DELL ), which currently sits at a price target of $160.
An analyst from B of A Securities has decided to maintain their Buy rating on Dell Technologies ( DELL ), which currently sits at a price target of $150.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Dell Technologies ( DELL ) options trades with real-time alerts from Benzinga Pro.