Deep-pocketed investors have adopted a bearish approach towards Dell Technologies (NYSE:DELL), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in DELL usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for Dell Technologies. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 27% leaning bullish and 72% bearish. Among these notable options, 2 are puts, totaling $139,063, and 9 are calls, amounting to $1,052,409.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $100.0 to $138.0 for Dell Technologies during the past quarter.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Dell Technologies options trades today is 1136.6 with a total volume of 2,244.00.
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 $100.0 to $138.0 over the last 30 days.
Dell Technologies Call and Put Volume: 30-Day Overview
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 | 11/22/24 | $8.25 | $7.9 | $7.9 | $126.00 | $191.2K | 409 | 1.8K |
| DELL | CALL | SWEEP | BEARISH | 11/22/24 | $8.85 | $8.0 | $8.0 | $126.00 | $160.0K | 409 | 1.8K |
| DELL | CALL | SWEEP | BEARISH | 11/22/24 | $8.2 | $7.95 | $7.95 | $126.00 | $159.0K | 409 | 1.8K |
| DELL | CALL | SWEEP | BULLISH | 01/17/25 | $34.9 | $32.9 | $34.9 | $100.00 | $139.6K | 2.6K | 5 |
| DELL | CALL | SWEEP | BEARISH | 11/22/24 | $8.3 | $7.9 | $7.9 | $126.00 | $124.8K | 409 | 1.8K |
About Dell Technologies
Dell Technologies 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.
Following our analysis of the options activities associated with Dell Technologies, we pivot to a closer look at the company's own performance.
Dell Technologies's Current Market Status
- Trading volume stands at 387,143, with DELL's price down by -1.53%, positioned at $132.37.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 11 days.
What The Experts Say On Dell Technologies
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $154.0.
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