What the Options Market Tells Us About Dell Technologies – Dell Technologies (NYSE:DELL)

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 10 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 20% leaning bullish and 70% bearish. Among these notable options, 5 are puts, totaling $409,106, and 5 are calls, amounting to $221,201.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $115.0 to $145.0 for Dell Technologies over the recent three months.

Volume & Open Interest Trends

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $115.0 to $145.0 in the last 30 days.

Dell Technologies Option Volume And Open Interest Over Last 30 Days