Unpacking the Latest Options Trading Trends in Dell Technologies
Portfolio Pulse from Benzinga Insights
High-rolling investors have shown a bearish sentiment on Dell Technologies (NYSE:DELL), with options trading data revealing a significant lean towards bearish positions. Benzinga's options scanner identified 11 trades, predominantly bearish, focusing on a price band between $70.0 and $150.0. The largest trades were bearish calls, with the market currently showing DELL's stock slightly up by 0.03% at $113.58. Analysts have varying target prices for DELL, with an average of $120.2, suggesting a cautiously optimistic outlook.
March 13, 2024 | 4:01 pm
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NEUTRAL IMPACT
Bearish options trading trends and analyst ratings suggest a cautious but slightly optimistic outlook for Dell Technologies.
The bearish sentiment in options trading could indicate insider skepticism about DELL's short-term growth prospects. However, the slight increase in stock price and the average analyst target price of $120.2, which is above the current trading price, suggest a balanced view. The mixed sentiment from options trading and analyst ratings, along with the current market standing, indicates a neutral short-term impact on DELL's stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100