Investors with a lot of money to spend have taken a bearish 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 24 uncommon options trades for Dell Technologies.
This isn't normal.
The overall sentiment of these big-money traders is split between 25% bullish and 45%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $257,460, and 18 are calls, for a total amount of $1,735,303.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $75.0 to $240.0 for Dell Technologies over the last 3 months.
Volume & Open Interest Development
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 $75.0 to $240.0 in the last 30 days.
Dell Technologies Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DELL | CALL | SWEEP | NEUTRAL | 03/20/26 | $72.65 | $72.15 | $72.65 | $75.00 | $363.2K | 165 | 50 |
| DELL | CALL | TRADE | NEUTRAL | 03/06/26 | $8.15 | $6.9 | $7.63 | $140.00 | $190.7K | 2.1K | 741 |
| DELL | CALL | TRADE | NEUTRAL | 03/06/26 | $7.7 | $6.85 | $7.32 | $140.00 | $183.0K | 2.1K | 491 |
| DELL | CALL | TRADE | NEUTRAL | 03/06/26 | $7.65 | $6.85 | $7.32 | $140.00 | $183.0K | 2.1K | 241 |
| DELL | CALL | TRADE | BEARISH | 04/17/26 | $30.8 | $29.85 | $29.95 | $120.00 | $149.7K | 2.0K | 53 |
About Dell Technologies
Dell Technologies is a broad information technology vendor, primarily supplying hardware to enterprises. It focuses on premium and commercial personal computers, as well as 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.
Where Is Dell Technologies Standing Right Now?
- Trading volume stands at 2,401,354, with DELL's price up by 0.27%, positioned at $147.5.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 84 days.
Expert Opinions on Dell Technologies
5 market experts have recently issued ratings for this stock, with a consensus target price of $155.2.
- Reflecting concerns, an analyst from Piper Sandler lowers its rating to Overweight with a new price target of $167.
- An analyst from Citigroup persists with their Buy rating on Dell Technologies, maintaining a target price of $160.
- An analyst from Mizuho persists with their Outperform rating on Dell Technologies, maintaining a target price of $180.
- Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Dell Technologies with a target price of $168.
- Maintaining their stance, an analyst from Morgan Stanley continues to hold a Underweight rating for Dell Technologies, targeting a price of $101.
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.
Login to comment