Dell Technologies Unusual Options Activity For March 07
Portfolio Pulse from Benzinga Insights
Dell Technologies (NYSE:DELL) has seen unusual options activity, with a bearish sentiment from high-rolling investors. Benzinga's options scanner identified 33 trades, showing a split sentiment with 45% bullish and 54% bearish. The focus is on a price band between $50.0 and $160.0. Notable options activity includes both bearish and bullish calls with various expiration dates and strike prices. Dell's stock is up 0.68% at $119.3, with some analysts maintaining positive ratings despite a consensus target price of $108.4.

March 07, 2024 | 5:31 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Dell Technologies has experienced unusual options activity indicating a bearish sentiment among high-rolling investors, despite the stock being up 0.68% at $119.3. Analyst ratings vary, with a consensus target price of $108.4.
The unusual options activity, particularly the bearish sentiment among major traders, could indicate insider knowledge or a speculative bet against Dell Technologies. However, the stock's current performance and mixed analyst ratings introduce uncertainty, making the short-term impact neutral. The high relevance is due to the direct involvement of DELL in the options activity, with importance attributed to the potential influence of this activity on stock perception. Confidence is moderated by the mixed signals from the market and analysts.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100