Dell Technologies's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Investors and traders have shown increased interest in Dell Technologies (NYSE:DELL), with a notable uptick in options trading activity. Benzinga's options scanner revealed 14 significant trades, indicating a mixed sentiment with 57% bullish and 42% bearish positions. The trades suggest a target price range of $110 to $150 for DELL over the next three months. The company, a major IT vendor, is currently trading at $118.8, with a volume of 2,511,270 and an RSI suggesting it may be approaching overbought territory. Its next earnings release is expected in 45 days.
April 15, 2024 | 3:16 pm
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Dell Technologies sees mixed sentiment in options trading, with a bullish bias and a target price range of $110 to $150. Currently trading at $118.8, the stock may be approaching overbought territory.
The significant options trading activity, with a majority being bullish, indicates investor confidence in Dell Technologies. The current trading price close to the lower end of the target range, combined with an RSI that suggests the stock may be approaching overbought territory, could lead to increased volatility. However, the anticipation of the earnings release in 45 days adds to the potential for positive movement if investor expectations are met or exceeded.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100