Dell Technologies Option Alert: Apr 11 $91 Puts at the Bid: 2100 vs 66 OI; Earnings 5/29 After Close [est] 

Dell Technologies Option Alert: Apr 11 $91 Puts at the Bid: 2100 @ $2.5 vs 66 OI; Earnings 5/29 After Close [est] Ref=$91.92

Dell Technologies Option Alert: Nov 21 $90 Puts at the Ask: 400 vs 10 OI; Earnings 5/29 After Close [est] 

Dell Technologies Option Alert: Nov 21 $90 Puts at the Ask: 400 @ $12.6 vs 10 OI; Earnings 5/29 After Close [est] Ref=$90.83

Dell Technologies Option Alert: Jan, 2027 $75 Puts at the Bid: 800 vs 350 OI

Dell Technologies Option Alert: Jan, 2027 $75 Puts at the Bid: 800 @ $11.75 vs 350 OI; Ref=$92.47

Dell Technologies Option Alert: Jan, 2027 $75 Puts Sweep (28) near the Bid: 436 vs 350 OI

Dell Technologies Option Alert: Jan, 2027 $75 Puts Sweep (28) near the Bid: 436 @ $11.75 vs 350 OI; Ref=$92.26

Dell Technologies Option Alert: Dec, 2027 $70 Puts at the Bid: 580 vs 1 OI

Dell Technologies Option Alert: Dec, 2027 $70 Puts at the Bid: 580 @ $12.4 vs 1 OI; Ref=$91.725

Dell Technologies Option Alert: Jan 16 $80 Puts at the Bid: 800 vs 4964 OI

Dell Technologies Option Alert: Jan 16 $80 Puts at the Bid: 800 @ $8.85 vs 4964 OI; Ref=$91.65

Dell Technologies Option Alert: Jun 20 $95 Puts at the Bid: 600 vs 5744 OI

Dell Technologies Option Alert: Jun 20 $95 Puts at the Bid: 600 @ $8.6 vs 5744 OI; Ref=$94.445

Dell Technologies Option Alert: May 16 $110 Calls at the Bid: 5000 vs 1583 OI

Dell Technologies Option Alert: May 16 $110 Calls at the Bid: 5000 @ $2.0 vs 1583 OI; Ref=$98.88

Dell Technologies Option Alert: Jul 18 $100 Puts at the Bid: 700 vs 1700 OI

Dell Technologies Option Alert: Jul 18 $100 Puts at the Bid: 700 @ $9.55 vs 1700 OI; Ref=$99.44

Dell Technologies Option Alert: Jun 20 $90 Puts at the Bid: 2500 vs 11597 OI

Dell Technologies Option Alert: Jun 20 $90 Puts at the Bid: 2500 @ $4.5 vs 11597 OI; Ref=$99.7

Dell Technologies (NYSE:DELL) Bolsa

Dell Technologies

Dell Inc.

NASDAQ

Dell Technologies is a broad information technology vendor, primarily supplying hardware to enterprises. It is focused on premium and commercial personal computers and 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.

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Dell Technologies Inc. Class C Common Stock

Dell Technologies Inc

Deep-pocketed investors have adopted a bearish approach towards Dell Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), 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 43 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 44% leaning bullish and 46% bearish. Among these notable options, 22 are puts, totaling $2,528,450, and 21 are calls, amounting to $2,324,230.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $75.0 and $120.0 for Dell Technologies, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Dell Technologies's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Dell Technologies's significant trades, within a strike price range of $75.0 to $120.0, over the past month.
<h3>Dell Technologies Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1743536727_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>DELL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/11/25</td>
<td>$2.68</td>
<td>$2.48</td>
<td>$2.5</td>
<td>$91.00</td>
<td>$525.0K</td>
<td>66</td>
<td>2.1K</td>
</tr>
<tr>
<td>DELL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$3.35</td>
<td>$3.2</td>
<td>$3.2</td>
<td>$90.00</td>
<td>$484.3K</td>
<td>3.6K</td>
<td>1.5K</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$6.0</td>
<td>$5.85</td>
<td>$5.85</td>
<td>$90.00</td>
<td>$439.3K</td>
<td>925</td>
<td>998</td>
</tr>
<tr>
<td>DELL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$15.05</td>
<td>$14.4</td>
<td>$14.85</td>
<td>$92.50</td>
<td>$350.4K</td>
<td>1.5K</td>
<td>2</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$8.95</td>
<td>$8.8</td>
<td>$8.8</td>
<td>$95.00</td>
<td>$308.0K</td>
<td>939</td>
<td>368</td>
</tr>
</tbody>
</table>

<h3>About Dell Technologies</h3>
Dell Technologies is a broad information technology vendor, primarily supplying hardware to enterprises. It is focused on premium and commercial personal computers and 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.
After a thorough review of the options trading surrounding Dell Technologies, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is Dell Technologies Standing Right Now?</h3>
<ul>
<li>With a trading volume of 4,304,344, the price of DELL is up by 0.2%, reaching $91.33.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 58 days from now.</li>
</ul>
<h3>What The Experts Say On Dell Technologies</h3>
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $137.5.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for Dell Technologies, targeting a price of $145. 
&#x2A; Maintaining their stance, an analyst from Loop Capital continues to hold a Buy rating for Dell Technologies, targeting a price of $130. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Dell Technologies with <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> for real-time alerts.

Options

Dell Technologies's Options: A Look at What the Big Money is Thinking

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Shares of companies in the broader technology sector are trading lower as President Trump declares that reciprocal tariffs will target all countries.

Whales with a lot of money to spend have taken a noticeably bearish stance on Dell Technologies.
Looking at options history for Dell Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) we detected 74 trades.
If we consider the specifics of each trade, it is accurate to state that 31% of the investors opened trades with bullish expectations and 32% with bearish.
From the overall spotted trades, 45 are puts, for a total amount of $5,563,904 and 29, calls, for a total amount of $2,587,275.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $60.0 and $145.0 for Dell Technologies, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Dell Technologies options trades today is 1866.47 with a total volume of 22,309.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Dell Technologies's big money trades within a strike price range of $60.0 to $145.0 over the last 30 days.
<h3>Dell Technologies Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1743191136_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>DELL</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/15/27</td>
<td>$12.1</td>
<td>$11.4</td>
<td>$11.75</td>
<td>$75.00</td>
<td>$940.0K</td>
<td>350</td>
<td>1.5K</td>
</tr>
<tr>
<td>DELL</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/17/27</td>
<td>$14.95</td>
<td>$10.5</td>
<td>$12.4</td>
<td>$70.00</td>
<td>$719.2K</td>
<td>1</td>
<td>580</td>
</tr>
<tr>
<td>DELL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$9.1</td>
<td>$8.85</td>
<td>$8.85</td>
<td>$80.00</td>
<td>$708.0K</td>
<td>4.9K</td>
<td>801</td>
</tr>
<tr>
<td>DELL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$12.25</td>
<td>$11.7</td>
<td>$11.75</td>
<td>$75.00</td>
<td>$512.3K</td>
<td>350</td>
<td>438</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/18/26</td>
<td>$8.95</td>
<td>$8.6</td>
<td>$8.8</td>
<td>$145.00</td>
<td>$484.0K</td>
<td>39</td>
<td>551</td>
</tr>
</tbody>
</table>

<h3>About Dell Technologies</h3>
Dell Technologies is a broad information technology vendor, primarily supplying hardware to enterprises. It is focused on premium and commercial personal computers and 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.
Having examined the options trading patterns of Dell Technologies, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Current Position of Dell Technologies</h3>
<ul>
<li>Currently trading with a volume of 5,463,788, the DELL's price is down by -4.82%, now at $92.42. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 62 days.</li>
</ul>
<h3>Expert Opinions on Dell Technologies</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $138.2.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Dell Technologies with a target price of $150. 
&#x2A; An analyst from Wells Fargo persists with their Overweight rating on Dell Technologies, maintaining a target price of $150. 
&#x2A; Consistent in their evaluation, an analyst from Loop Capital keeps a Buy rating on Dell Technologies with a target price of $130. 
&#x2A; An analyst from Barclays persists with their Equal-Weight rating on Dell Technologies, maintaining a target price of $116. 
&#x2A; Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on Dell Technologies with a target price of $145. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Dell Technologies with <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> for real-time alerts.

Looking At Dell Technologies's Recent Unusual Options Activity

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Shares of companies in the broader technology sector are trading lower following greater-than-expected inflation data measured through the PCE price index for February, while personal spending missed estimates. Additionally, recent tariff announcements may be weighing on equities.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/28/25</td>
<td>$120.00</td>
<td>$37.3K</td>
<td>82.7K</td>
<td>83.4K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/28/25</td>
<td>$97.00</td>
<td>$36.6K</td>
<td>4.2K</td>
<td>16.5K</td>
</tr>
<tr>
<td>XRX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$5.00</td>
<td>$2.5 million</td>
<td>14.8K</td>
<td>15.0K</td>
</tr>
<tr>
<td>IBM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$245.00</td>
<td>$51.4K</td>
<td>45</td>
<td>5.6K</td>
</tr>
<tr>
<td>ORCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/28/25</td>
<td>$150.00</td>
<td>$46.8K</td>
<td>7.6K</td>
<td>2.6K</td>
</tr>
<tr>
<td>DELL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/28/25</td>
<td>$97.00</td>
<td>$129.3K</td>
<td>287</td>
<td>2.0K</td>
</tr>
<tr>
<td>QBTS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/25/25</td>
<td>$8.50</td>
<td>$57.3K</td>
<td>535</td>
<td>1.8K</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/28/25</td>
<td>$350.00</td>
<td>$150.7K</td>
<td>3.5K</td>
<td>1.5K</td>
</tr>
<tr>
<td>U</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$30.00</td>
<td>$48.5K</td>
<td>1.1K</td>
<td>1.4K</td>
</tr>
<tr>
<td>ZM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/20/26</td>
<td>$80.00</td>
<td>$1.1 million</td>
<td>205</td>
<td>1.2K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with bearish sentiment. It expires in 3 day(s) on March 28, 2025. Parties traded 171 contract(s) at a $120.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $37.3K, with a price of $217.0 per contract. There were 82778 open contracts at this strike prior to today, and today 83484 contract(s) were bought and sold. 
• For PLTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on March 28, 2025. This event was a transfer of 205 contract(s) at a $97.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $36.6K, with a price of $179.0 per contract. There were 4212 open contracts at this strike prior to today, and today 16566 contract(s) were bought and sold. 
• For XRX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>), we notice a put option trade that happens to be bearish, expiring in 661 day(s) on January 15, 2027. This event was a transfer of 15000 contract(s) at a $5.00 strike. The total cost received by the writing party (or parties) was $2.5 million, with a price of $170.0 per contract. There were 14865 open contracts at this strike prior to today, and today 15000 contract(s) were bought and sold. 
• Regarding IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), we observe a put option sweep with bearish sentiment. It expires in 87 day(s) on June 20, 2025. Parties traded 42 contract(s) at a $245.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $51.4K, with a price of $1225.0 per contract. There were 45 open contracts at this strike prior to today, and today 5606 contract(s) were bought and sold. 
• For ORCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), we notice a put option sweep that happens to be bearish, expiring in 3 day(s) on March 28, 2025. This event was a transfer of 720 contract(s) at a $150.00 strike. This particular put needed to be split into 37 different trades to become filled. The total cost received by the writing party (or parties) was $46.8K, with a price of $65.0 per contract. There were 7631 open contracts at this strike prior to today, and today 2675 contract(s) were bought and sold. 
• Regarding DELL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), we observe a put option sweep with bearish sentiment. It expires in 3 day(s) on March 28, 2025. Parties traded 1540 contract(s) at a $97.00 strike. This particular put needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $129.3K, with a price of $84.0 per contract. There were 287 open contracts at this strike prior to today, and today 2054 contract(s) were bought and sold. 
• Regarding QBTS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>), we observe a put option sweep with bearish sentiment. It expires in 31 day(s) on April 25, 2025. Parties traded 500 contract(s) at a $8.50 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $57.3K, with a price of $115.0 per contract. There were 535 open contracts at this strike prior to today, and today 1812 contract(s) were bought and sold. 
• Regarding APP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>), we observe a call option sweep with bearish sentiment. It expires in 3 day(s) on March 28, 2025. Parties traded 201 contract(s) at a $350.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $150.7K, with a price of $750.0 per contract. There were 3585 open contracts at this strike prior to today, and today 1501 contract(s) were bought and sold. 
• Regarding U (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>), we observe a call option sweep with bullish sentiment. It expires in 143 day(s) on August 15, 2025. Parties traded 315 contract(s) at a $30.00 strike. This particular call needed to be split into 223 different trades to become filled. The total cost received by the writing party (or parties) was $48.5K, with a price of $154.0 per contract. There were 1197 open contracts at this strike prior to today, and today 1455 contract(s) were bought and sold. 
• Regarding ZM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>), we observe a put option trade with bullish sentiment. It expires in 360 day(s) on March 20, 2026. Parties traded 1200 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $1.1 million, with a price of $988.0 per contract. There were 205 open contracts at this strike prior to today, and today 1200 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

QBTS

10 Information Technology Stocks Whale Activity In Today's Session

Whales with a lot of money to spend have taken a noticeably bullish stance on Dell Technologies.
Looking at options history for Dell Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) we detected 26 trades.
If we consider the specifics of each trade, it is accurate to state that 46% of the investors opened trades with bullish expectations and 42% with bearish.
From the overall spotted trades, 15 are puts, for a total amount of $1,737,439 and 11, calls, for a total amount of $441,991.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $70.0 to $110.0 for Dell Technologies during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for Dell Technologies options trades today is 1865.43 with a total volume of 6,362.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Dell Technologies's big money trades within a strike price range of $70.0 to $110.0 over the last 30 days.
<h3>Dell Technologies Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1742921148_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>DELL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$4.6</td>
<td>$4.5</td>
<td>$4.5</td>
<td>$90.00</td>
<td>$1.1M</td>
<td>11.5K</td>
<td>3.0K</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/17/27</td>
<td>$44.25</td>
<td>$42.2</td>
<td>$43.0</td>
<td>$70.00</td>
<td>$107.5K</td>
<td>0</td>
<td>25</td>
</tr>
<tr>
<td>DELL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$2.23</td>
<td>$2.17</td>
<td>$2.23</td>
<td>$90.00</td>
<td>$104.8K</td>
<td>2.6K</td>
<td>598</td>
</tr>
<tr>
<td>DELL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/20/26</td>
<td>$7.45</td>
<td>$7.4</td>
<td>$7.45</td>
<td>$80.00</td>
<td>$75.9K</td>
<td>846</td>
<td>103</td>
</tr>
<tr>
<td>DELL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/25/25</td>
<td>$1.25</td>
<td>$1.21</td>
<td>$1.25</td>
<td>$90.00</td>
<td>$62.5K</td>
<td>1.1K</td>
<td>500</td>
</tr>
</tbody>
</table>

<h3>About Dell Technologies</h3>
Dell Technologies is a broad information technology vendor, primarily supplying hardware to enterprises. It is focused on premium and commercial personal computers and 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.
In light of the recent options history for Dell Technologies, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Dell Technologies's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 1,829,305, the DELL's price is down by -0.31%, now at $99.5. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 65 days.</li>
</ul>
<h3>Expert Opinions on Dell Technologies</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $138.2.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; An analyst from Barclays persists with their Equal-Weight rating on Dell Technologies, maintaining a target price of $116. 
&#x2A; Maintaining their stance, an analyst from Loop Capital continues to hold a Buy rating for Dell Technologies, targeting a price of $130. 
&#x2A; Maintaining their stance, an analyst from UBS continues to hold a Buy rating for Dell Technologies, targeting a price of $150. 
&#x2A; Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for Dell Technologies, targeting a price of $145. 
&#x2A; An analyst from Wells Fargo persists with their Overweight rating on Dell Technologies, maintaining a target price of $150. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Dell Technologies with <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> for real-time alerts.

Dell Technologies's Options Frenzy: What You Need to Know

CHKP

Live On CNBC: Final Trades DELL, VRT, GOOG, And CHKP

The <a href="https://www.benzinga.com/money/momentum-trading">momentum trade</a> just hit a wall and the unwind has been nothing short of brutal.
JPMorgan analysts Dubravko Lakos-Bujas, Arun Jain and Bhupinder Singh note that the sharp reversal in momentum has erased two years of gains in just three weeks &#8211; one of the fastest unwinds in four decades. 
With mega-caps leading the drop and a dramatic shift towards low-volatility stocks, investors need to rethink their strategies.
<h2 class="wp-block-heading">What's Behind The Crash?</h2>
Extreme crowding in momentum stocks &#8211; primarily fueled by AI enthusiasm, high-rate expectations and pro-growth bets—came under pressure as macro risks resurfaced. 
The result? A 17% average decline among the Mag-7, triggering a $5.8 trillion market cap wipeout in the S&amp;P 500.
While forced liquidations and systematic deleveraging have cooled the immediate risk of another crash, JPMorgan warns that if this is a true regime shift, the unwind may only be one-third complete.
Read Also: <a href="https://www.benzinga.com//node/44450390">Charlie Munger&#8217;s Investment Wisdom: &#8216;If People Weren&#8217;t So Often Wrong, We Wouldn&#8217;t Be So Rich&#8217;</a>
<h2 class="wp-block-heading">Where Is Momentum Flowing?</h2>
Momentum is rotating away from quality growth and into low volatility and defensive plays. 
According to JPMorgan, stocks in the following sectors are seeing the strongest bid:
Utilities: NiSource Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NI#NYSE">NI</a>), Ameren Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEE#NYSE">AEE</a>) and Evergy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVRG#NASDAQ">EVRG</a>)
Insurance: Arthur J. Gallagher &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AJG#NYSE">AJG</a>), Brown &amp; Brown Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) and Aon PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AON#NYSE">AON</a>)
Financial Services: Visa Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) and Mastercard Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>)
Crowding in low volatility names has surged, pushing relative P/E valuations to record highs.
<h2 class="wp-block-heading">What To Watch Next</h2>
<h4 class="wp-block-heading">The Low-Volatility Boom</h4>
With the iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) (small caps) lagging and defensive ETFs like the Invesco S&amp;P 500 Low Volatility ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPLV#NYSE">SPLV</a>) seeing inflows, the shift towards safety is clear. But JPMorgan warns that a further rate drop could push low volatility stocks into bubble territory, much like 2016.
<h4 class="wp-block-heading">High-Volatility Bargains</h4>
According to JPMorgan, stocks that have seen heavy multiple compression, making them attractive for value-seeking investors, include:
Semiconductors: Monolithic Power Systems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPWR#NASDAQ">MPWR</a>), Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>))
Software: (Synopsys Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/snps#NASDAQ">SNPS</a>), Cadence Design Systems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>), ServiceNow Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>))
Tech Hardware: (Arista Networks Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anet#NYSE">ANET</a>), NetApp Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>), Dell Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>))
However, without an intra-cycle reset or Fed pivot, a broad move into beaten-down growth stocks may be premature.
<h4 class="wp-block-heading">The Fed's Next Move</h4>
If rate expectations shift lower, expect bond proxies to gain further. If not, the defensive rally may stall, forcing a reassessment of positioning.
Momentum traders just got whipsawed and the rotation into low-volatility stocks has been rapid. While some safety plays look solid, overheating risks remain.
Investors should watch for signs of a structural shift &#8211; and be ready to pivot before the next wave hits.
Read Next: 
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<li><a href="https://www.benzinga.com//node/44456554">Trade Wars, Fed Moves And A 40% Recession Risk &#8211; Is Your Portfolio Ready?</a></li>
</ul>
Photo: Shutterstock

Long Ideas

Macro Economic Events

Sector ETFs

Broad U.S. Equity ETFs

Analyst Ratings

Trading Ideas

ETFs

ANET

EVRG

NTAP

PowerShares S&P 500 Low Volatility Portfolio

SPLV

Momentum Whiplash: Where Should Investors Pivot Next?

Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) has reportedly been discovered to be profiting from its Llama AI models through revenue-sharing agreements with host businesses.
What Happened: An unredacted court filing submitted by attorneys for the plaintiffs in the copyright lawsuit Kadrey v. Meta reveals that the company earns a share of the revenue from businesses that host its Llama AI models. The lawsuit indicates that the company reportedly trained its Llama models using pirated e-books.
The filing does not specify which hosts pay Meta, but the company has previously listed partners including Amazon&#8217;s AWS, Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Databricks, Groq, Dell (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NASDAQ">DELL</a>), Microsoft Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Azure, Alphabet&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google Cloud, and Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>). While developers can download and run Llama models independently, many choose to use a host partner for additional services and tooling.
Meta did not immediately respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> request for comment. 
Meta CEO&nbsp;Mark Zuckerberg suggested the possibility of monetizing Llama models during an earnings call in April, hinting that companies reselling these services should share a portion of their revenue with Meta. However, Zuckerberg later backtracked and in a July blog post, the Meta CEO stated, "selling access" to Meta's openly available Llama AI models "isn't [Meta's] business model."
The recent revelation of these revenue-sharing agreements contradicts the company&#8217;s latest stance and suggests that Meta has begun to act on its previous strategy.
SEE ALSO: <a href="https://www.benzinga.com/news/large-cap/25/03/44435971/shell-announces-final-investment-decision-for-major-brazil-oil-field-set-for-120000-barrels-day?utm_source=taboola&amp;utm_medium=exchange&amp;tblci=GiD1tFFNH-r-bulyXzVS-mm-BVNR3nb6Ojb3DSX9l1ZrFSCN1Vco-bzE2a_GnIwXMO-ISg#tblciGiD1tFFNH-r-bulyXzVS-mm-BVNR3nb6Ojb3DSX9l1ZrFSCN1Vco-bzE2a_GnIwXMO-ISg">Shell Announces Final Investment Decision for Major Brazil Oil Field, Set for 120,000 Barrels/Day</a>
Why It Matters: This revelation comes just days after Zuckerberg announced that Meta&#8217;s Llama model had reached a milestone of <a href="https://www.benzinga.com/25/03/44393122/mark-zuckerberg-announces-that-metas-llama-model-hits-1-billion-downloads-each-llama-download-represents-a-vote-of-confidence-in-open-source-ai-says-vp">1 billion downloads</a>. Zuckerberg celebrated this achievement on Threads, stating that each download represented a &#8220;vote of confidence in open source AI&#8221;. The new court filing, however, raises questions about Meta&#8217;s revenue strategy and the company&#8217;s transparency with its partners and users.
Zuckerberg stated that Meta benefits from Llama mainly through AI research-driven improvements. Llama models power various Meta products, including its AI assistant, Meta AI. Despite ongoing legal battles, Meta continues to advance its AI investments. The Zuckerberg-led company also intends to launch a trial paid subscription service for Meta AI, offering users access to advanced versions of its technology.
Meta holds a momentum rating of 78.90% and a growth rating of 77.28%, according to&nbsp;<a href="https://www.benzinga.com/report/META" target="_blank" rel="noreferrer noopener">Benzinga&#8217;s Proprietary Edge Rankings</a>. The Benzinga Growth metric evaluates a stock's historical earnings and revenue expansion across multiple timeframes, prioritizing both long-term trends and recent performance. For an in-depth report on more stocks and insights into growth opportunities,&nbsp;<a href="https://www.benzinga.com/screener/top-momentum-stocks" target="_blank" rel="noreferrer noopener">sign</a>&nbsp;<a href="https://www.benzinga.com/screener/top-momentum-stocks" target="_blank" rel="noreferrer noopener">up for Benzinga Edge.</a>
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<li>READ MORE: <a href="https://www.benzinga.com/news/global/25/03/44452731/nova-scotia-joins-other-canadian-provinces-in-excluding-elon-musks-tesla-from-ev-rebate-program">Nova Scotia Joins Other Canadian Provinces In Excluding Elon Musk&#8217;s Tesla From EV Rebate Program</a></li>
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Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Mark Zuckerberg's Meta Profits From Llama AI Models Despite Denials, Court Filing Reveals

Malaysia plans to strengthen semiconductor regulations following U.S. demands to monitor the movement of high-end NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) chips amid suspicions they&#8217;re being illicitly diverted to China, violating U.S. export controls.
What Happened: Malaysian Trade Minister Zafrul Aziz <a href="https://www.ft.com/content/d0267fb8-36b2-41dc-9c0c-d493976812c7">told</a> the Financial Times he&#8217;s formed a task force with the digital minister to tighten regulations around the country&#8217;s growing data center industry, which heavily relies on Nvidia&#8217;s powerful graphics processing units.
&#8220;[The U.S. is] asking us to make sure that we monitor every shipment that comes to Malaysia when it involves Nvidia chips,&#8221; Aziz said. &#8220;They want us to make sure that servers end up in the data centers that they&#8217;re supposed to and not suddenly move to another ship.&#8221;
The crackdown follows Singapore&#8217;s <a href="https://in.benzinga.com/25/03/44076579/singapore-investigates-potential-fraud-in-nvidia-ai-chip-shipments-the-question-is-whether-malaysia-was-a-final-destination">recent arrest of nine people</a>, with three charged in a $390 million fraud case involving the suspected sale of Nvidia chips to China via Malaysia. Prosecutors identified Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) and Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) <a href="https://in.benzinga.com/25/03/44076579/singapore-investigates-potential-fraud-in-nvidia-ai-chip-shipments-the-question-is-whether-malaysia-was-a-final-destination">servers in the fraudulent sales</a>.
See Also: <a href="https://www.benzinga.com/markets/equities/25/03/44451697/palantir-ceo-alex-karps-technological-republic-vision-faces-harvard-economists-critique-contemptuous-of-markets">Palantir CEO Alex Karp&#8217;s &#8216;Technological Republic&#8217; Vision Faces Harvard Economist&#8217;s Critique: &#8216;Contemptuous Of Markets&#8217;</a>
Why It Matters: Malaysia has become one of the fastest-growing data center markets, with over $25 billion invested by companies including Nvidia, Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and ByteDance in the southern state of Johor over the past 18 months.
The U.S. implemented export controls in late 2024 creating a three-tier licensing system for AI chips, specifically targeting Nvidia&#8217;s powerful GPUs. The restrictions aim to prevent Chinese companies from accessing these chips through third countries for <a href="https://in.benzinga.com/markets/equities/25/02/44033587/nvidia-chips-smuggled-to-china-3-men-charged-in-singapore-amid-us-export-crackdown">potential military applications</a>.
Aziz acknowledged the complexity of tracking semiconductors through global supply chains. &#8220;Enforcement might sound easy, but it&#8217;s not,&#8221; he said, noting that the U.S. is pressuring companies throughout the supply chain to ensure compliance.
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<li><a href="https://www.benzinga.com/news/25/03/44450807/zuckerberg-says-2025-will-be-the-year-an-ai-assistant-hits-1-billion-users-and-he-wants-it-to-be-meta-ai" target="_blank" rel="noreferrer noopener">Zuckerberg Says 2025 Will Be The Year An AI Assistant Hits 1 Billion Users—And He Wants It To Be Meta AI</a></li>
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Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Nvidia Chip Flows Under Scrutiny As Malaysia Moves To Tighten Regulations Amid US Export Controls On China

NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang and Cisco Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) CEO Chuck Robbins described unprecedented global enthusiasm for artificial intelligence development, with national leaders recognizing AI as a strategic priority.
What Happened: &#8220;In no initiative and no foundational technology that I&#8217;ve ever known since the internet has the world and the leaders realized the importance of artificial intelligence to them,&#8221; Huang said, in an <a href="https://www.cnbc.com/2025/03/20/nvidia-ceo-and-cisco-ceo-discuss-the-global-outlook-on-the-ai-arms-race.html">interview</a> with CNBC. 
Robbins expressed confidence in the President Donald Trump administration&#8217;s commitment to maintaining American AI dominance despite concerns about potential tariff impacts on semiconductor imports. 
&#8220;Based on the conversations I&#8217;ve had with the administration&#8230;they want to protect that lead, and they want us to win,&#8221; Robbins said. &#8220;I believe that their policies that they&#8217;re going to implement will ensure that happens.&#8221;
The comments come amid intensifying U.S.-China competition in AI development. The Trump administration recently backed &#8220;Stargate,&#8221; a $500 billion private-sector initiative involving OpenAI, SoftBank, and Oracle Corp. to build massive data centers in Texas, while simultaneously facing competition from Chinese firms like DeepSeek that are making technological advances despite U.S. export <a href="https://in.benzinga.com/startups/25/02/43420092/as-easy-as-it-can-be-trump-promises-ai-giants-support-with-500b-investment-plan-how-does-it-compare-with-deepseek">controls on advanced semiconductors</a>.
See Also: <a href="https://www.benzinga.com/tech/25/03/44429586/elon-musk-says-hang-on-to-your-stock-in-surprise-late-evening-tesla-all-hands-meeting-touts-7-million-evs-optimus-robot-and-ai-supercomputer-dojo">Elon Musk Says &#8216;Hang On To Your Stock&#8217; In Surprise Late-Evening Tesla All-Hands Meeting — Touts 7 Million EVs, Optimus Robot, And AI Supercomputer Dojo</a>
Why It Matters: The administration is also reviewing AI regulatory approaches following <a href="https://in.benzinga.com/markets/25/03/44300525/sam-altmans-openai-urges-trump-administration-for-rapid-ai-advancement-and-reduced-regulation">proposals from companies like OpenAI</a>, which has urged reduced regulation and highlighted potential threats from Chinese AI technology. High-level meetings between tech executives and Trump have included Michael Dell of Dell Technologies Inc., which projects its <a href="https://in.benzinga.com/25/03/44269039/michael-dell-joins-trump-elon-musk-for-high-stakes-ai-talks-as-dell-eyes-15-billion-in-server-business">AI server business</a> to reach $15 billion in fiscal year 2026.
Cisco and Nvidia announced a partnership to deliver AI technology to enterprises with new infrastructure. According to Huang, AI has &#8220;reinvented the entire computing stack&#8221; and requires a complete overhaul of enterprise systems. &#8220;We need to go and rerack the whole world&#8217;s companies,&#8221; Huang said.
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Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Nvidia CEO Jensen Huang, Cisco's Chuck Robbins Tout AI's Global Impact: Trump 'Want Us To Win'

Whales with a lot of money to spend have taken a noticeably bullish stance on Dell Technologies.
Looking at options history for Dell Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) we detected 20 trades.
If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 25% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $270,069 and 15, calls, for a total amount of $1,134,520.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $65.0 to $155.0 for Dell Technologies during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Dell Technologies options trades today is 1667.72 with a total volume of 2,538.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Dell Technologies's big money trades within a strike price range of $65.0 to $155.0 over the last 30 days.
<h3>Dell Technologies 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1742490081_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/18/26</td>
<td>$45.0</td>
<td>$43.4</td>
<td>$43.4</td>
<td>$65.00</td>
<td>$182.3K</td>
<td>83</td>
<td align="right">42</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/15/27</td>
<td>$38.45</td>
<td>$37.95</td>
<td>$37.95</td>
<td>$75.00</td>
<td>$159.1K</td>
<td>98</td>
<td align="right">33</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$35.1</td>
<td>$34.6</td>
<td>$35.1</td>
<td>$80.00</td>
<td>$147.6K</td>
<td>85</td>
<td align="right">42</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/18/26</td>
<td>$35.8</td>
<td>$34.55</td>
<td>$34.55</td>
<td>$80.00</td>
<td>$145.0K</td>
<td>128</td>
<td align="right">42</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$14.1</td>
<td>$13.3</td>
<td>$13.5</td>
<td>$110.00</td>
<td>$126.9K</td>
<td>1.2K</td>
<td align="right">104</td>
</tr>
</tbody>
</table>

<h3>About Dell Technologies</h3>
Dell Technologies is a broad information technology vendor, primarily supplying hardware to enterprises. It is focused on premium and commercial personal computers and 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.
<h3>Present Market Standing of Dell Technologies</h3>
<ul>
<li>With a volume of 2,189,036, the price of DELL is up 1.25% at $99.95. </li>
<li>RSI indicators hint that the underlying stock may be approaching oversold.</li>
<li>Next earnings are expected to be released in 70 days.</li>
</ul>
<h3>Professional Analyst Ratings for Dell Technologies</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $141.2.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; An analyst from Citigroup has decided to maintain their Buy rating on Dell Technologies, which currently sits at a price target of $145. 
&#x2A; An analyst from Barclays persists with their Equal-Weight rating on Dell Technologies, maintaining a target price of $116. 
&#x2A; An analyst from Wells Fargo has decided to maintain their Overweight rating on Dell Technologies, which currently sits at a price target of $150. 
&#x2A; Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Dell Technologies with a target price of $150. 
&#x2A; An analyst from Goldman Sachs has decided to maintain their Buy rating on Dell Technologies, which currently sits at a price target of $145. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Dell Technologies, <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> gives you real-time options trades alerts.

Smart Money Is Betting Big In DELL Options

AVDX, FORTY, GFS, RGTI, SWKS
AVDX, FORTY, GFS, RGTI, SWKS

AFRM

ALAR

AMZN

ASAN

AVGO

BILL

BRZE

CALX

CRWD

CYBR

DDOG

GTLB

HUBS

LOGI

MNDY

NFLX

PCTY

SPOT

STNE

TEAM

TOST

VERI

Shares of technology companies are trading higher in sympathy with overall market sentiment after the Fed policy decision to keep rates unchanged.

The latest market downturn has left many investors questioning whether this is a temporary dip or the beginning of <a href="https://www.benzinga.com/markets">a prolonged bear market.</a>
Yet, an eye-opening indicator suggests that opportunities may be more abundant than feared—95% of S&amp;P 500 stocks currently hold a median analyst price target above their latest trading price, signaling significant upside potential across the board.
Notably, two Magnificent Seven stocks—Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)—rank among the top when comparing the gap between Wall Street&#8217;s median price target and current prices, a quite uncommon event for tech giants that traditionally trade at valuation premiums.
<h3 class="wp-block-heading">Is This A Market Bottom Or A Value Trap?</h3>
The S&amp;P 500 officially entered correction territory last week, leaving investors to wonder whether the worst is over or if further downside awaits.
Ed Yardeni, president of Yardeni Research, has been one of the more bullish voices on Wall Street. Last week, he raised his probability of a bearish scenario from 20% to 35%. That forecast includes the possibility of a recession or stagflation—a combination of stagnant growth and inflation.
Yardeni also acknowledged the possibility that a bear market may have begun on Feb. 20, the day after the S&amp;P 500 reached a record high. This shift in sentiment led him to lower his year-end 2025 S&amp;P 500 target from 7,000 to 6,400.
From a technical standpoint, only 41% of S&amp;P 500 stocks are trading above their 200-day moving average, signaling that most have fallen below a key trend support level, potentially confirming a bearish phase.
Yet, long-term market data provides a reason for optimism. 
Jeffrey Buchbinder, chief equity strategist at LPL Financial, points out that market corrections—defined as a decline of 10% or more—occur every 1.1 years on average, dating back to 1928. 
&#8220;Corrections also tend to produce attractive buying opportunities&#8221;
Since 1950, the S&amp;P 500 has experienced an average intra-year drawdown of a negative 13.7%, yet it has still managed to post an average annual gain of 9.5%, with 73% of those years ending in positive territory. 
Even in years when the index experienced an intra-year decline of 10% to 20%, the average annual return was still 8.4%, with 64% of those years finishing higher.
<h3 class="wp-block-heading">Which Stocks Have The Biggest Upside?</h3>
Based on current analyst price targets, several stocks stand out for their potential gains. 
Deckers Outdoor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) leads the list, with a median price target nearly 95% higher than its last price. First Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) follows closely, with a projected upside of 93%.
Notably, Tesla and Nvidia, two of the most closely watched growth stocks, also rank high on the list. Analysts see Tesla's price target at $371.50, representing a 64.9% upside, while Nvidia's median price target sits at $175, implying a 51.6% gain from current levels.
Other stocks with significant upside potential include:
<ul>
<li>Caesars Entertainment Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>) &#8211; 81.4% potential upside</li>
<li>Western Digital Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) &#8211; 80.4% potential upside</li>
<li>United Airlines Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) &#8211; 80.2% potential upside</li>
<li>Delta Air Lines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) &#8211; 72.0% potential upside</li>
</ul>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>#</th>
<th>Stock name</th>
<th>Last Price</th>
<th>Price Target &#8211; Median</th>
<th>Target vs. Last Price %</th>
</tr>
</thead>
<tbody>
<tr>
<td>1</td>
<td>Deckers Outdoor Corp.</td>
<td>115.30</td>
<td>225.00</td>
<td>95.14%</td>
</tr>
<tr>
<td>2</td>
<td>First Solar, Inc. </td>
<td>127.34</td>
<td>245.95</td>
<td>93.14%</td>
</tr>
<tr>
<td>3</td>
<td>Caesars Entertainment, Inc. </td>
<td>27.56</td>
<td>50.00</td>
<td>81.42%</td>
</tr>
<tr>
<td>4</td>
<td>Western Digital Corp.</td>
<td>44.34</td>
<td>80.00</td>
<td>80.42%</td>
</tr>
<tr>
<td>5</td>
<td>United Airlines Holdings, Inc. </td>
<td>71.34</td>
<td>128.60</td>
<td>80.26%</td>
</tr>
<tr>
<td>6</td>
<td>Delta Air Lines, Inc. </td>
<td>45.92</td>
<td>79.00</td>
<td>72.04%</td>
</tr>
<tr>
<td>7</td>
<td>Tesla, Inc. </td>
<td>225.31</td>
<td>371.50</td>
<td>64.88%</td>
</tr>
<tr>
<td>8</td>
<td>Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>)</td>
<td>19.07</td>
<td>31.00</td>
<td>62.56%</td>
</tr>
<tr>
<td>9</td>
<td>Align Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGN#NASDAQ">ALGN</a>)</td>
<td>164.53</td>
<td>260.00</td>
<td>58.03%</td>
</tr>
<tr>
<td>10</td>
<td>Constellation Energy Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>)</td>
<td>210.85</td>
<td>331.50</td>
<td>57.22%</td>
</tr>
<tr>
<td>11</td>
<td>MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>)</td>
<td>31.86</td>
<td>50.00</td>
<td>56.94%</td>
</tr>
<tr>
<td>12</td>
<td>Carnival Corp. &amp; plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>)</td>
<td>20.12</td>
<td>31.00</td>
<td>54.08%</td>
</tr>
<tr>
<td>13</td>
<td>Nvidia Corp. </td>
<td>115.43</td>
<td>175.00</td>
<td>51.61%</td>
</tr>
<tr>
<td>14</td>
<td>KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>)</td>
<td>114.02</td>
<td>170.00</td>
<td>49.10%</td>
</tr>
<tr>
<td>15</td>
<td>Synchrony Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>)</td>
<td>53.05</td>
<td>79.00</td>
<td>48.92%</td>
</tr>
<tr>
<td>16</td>
<td>Iron Mountain Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>)</td>
<td>87.62</td>
<td>127.50</td>
<td>45.51%</td>
</tr>
<tr>
<td>17</td>
<td>Royal Caribbean Cruises Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>)</td>
<td>203.38</td>
<td>295.00</td>
<td>45.05%</td>
</tr>
<tr>
<td>18</td>
<td>Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>)</td>
<td>96.44</td>
<td>139.00</td>
<td>44.13%</td>
</tr>
<tr>
<td>19</td>
<td>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>)</td>
<td>37.90</td>
<td>54.50</td>
<td>43.80%</td>
</tr>
<tr>
<td>20</td>
<td>Synopsys Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>)</td>
<td>447.99</td>
<td>644.00</td>
<td>43.75%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Data: Koyfin</figcaption></figure>
Read now: 
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44379453/equity-exposure-plummets-cash-holdings-jump-as-investors-rethink-us-exceptionalism-bank-of-america-survey">Equity Exposure Plummets, Cash Holdings Jump As Investors Rethink &#8216;US Exceptionalism,&#8217; Bank Of America Survey</a></li>
</ul>
Photo: Shutterstock

Analysts See Upside For 95% Of S&P 500 Stocks: How Nvidia, Tesla Stack Up

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$120.00</td>
<td>$26.4K</td>
<td>141.6K</td>
<td>106.2K</td>
</tr>
<tr>
<td>AAPL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$212.50</td>
<td>$29.9K</td>
<td>7.2K</td>
<td>20.7K</td>
</tr>
<tr>
<td>INTC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$26.50</td>
<td>$53.2K</td>
<td>1.6K</td>
<td>4.5K</td>
</tr>
<tr>
<td>QUBT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$9.00</td>
<td>$50.7K</td>
<td>1.5K</td>
<td>3.1K</td>
</tr>
<tr>
<td>PLTR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/28/25</td>
<td>$82.00</td>
<td>$41.8K</td>
<td>1.1K</td>
<td>1.7K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$17.00</td>
<td>$195.7K</td>
<td>1.5K</td>
<td>1.5K</td>
</tr>
<tr>
<td>WDC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/04/25</td>
<td>$43.50</td>
<td>$34.2K</td>
<td>1.1K</td>
<td>1.1K</td>
</tr>
<tr>
<td>IREN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$5.00</td>
<td>$56.0K</td>
<td>6.2K</td>
<td>1.0K</td>
</tr>
<tr>
<td>LRCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$75.00</td>
<td>$71.5K</td>
<td>598</td>
<td>842</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$95.00</td>
<td>$30.3K</td>
<td>2.0K</td>
<td>607</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on March 21, 2025. Parties traded 90 contract(s) at a $120.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $26.4K, with a price of $294.0 per contract. There were 141681 open contracts at this strike prior to today, and today 106245 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a put option trade that happens to be bullish, expiring in 3 day(s) on March 21, 2025. This event was a transfer of 95 contract(s) at a $212.50 strike. The total cost received by the writing party (or parties) was $29.9K, with a price of $315.0 per contract. There were 7252 open contracts at this strike prior to today, and today 20787 contract(s) were bought and sold. 
• Regarding INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we observe a put option sweep with bullish sentiment. It expires in 3 day(s) on March 21, 2025. Parties traded 555 contract(s) at a $26.50 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $53.2K, with a price of $96.0 per contract. There were 1694 open contracts at this strike prior to today, and today 4505 contract(s) were bought and sold. 
• For QUBT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>), we notice a put option sweep that happens to be bullish, expiring in 3 day(s) on March 21, 2025. This event was a transfer of 483 contract(s) at a $9.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $50.7K, with a price of $105.0 per contract. There were 1522 open contracts at this strike prior to today, and today 3157 contract(s) were bought and sold. 
• Regarding PLTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), we observe a put option trade with bearish sentiment. It expires in 10 day(s) on March 28, 2025. Parties traded 135 contract(s) at a $82.00 strike. The total cost received by the writing party (or parties) was $41.8K, with a price of $310.0 per contract. There were 1141 open contracts at this strike prior to today, and today 1773 contract(s) were bought and sold. 
• Regarding MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we observe a call option sweep with bearish sentiment. It expires in 668 day(s) on January 15, 2027. Parties traded 412 contract(s) at a $17.00 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $195.7K, with a price of $475.0 per contract. There were 1570 open contracts at this strike prior to today, and today 1523 contract(s) were bought and sold. 
• For WDC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>), we notice a put option sweep that happens to be bullish, expiring in 17 day(s) on April 4, 2025. This event was a transfer of 236 contract(s) at a $43.50 strike. This particular put needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $34.2K, with a price of $145.0 per contract. There were 1100 open contracts at this strike prior to today, and today 1100 contract(s) were bought and sold. 
• Regarding IREN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>), we observe a put option trade with bearish sentiment. It expires in 304 day(s) on January 16, 2026. Parties traded 500 contract(s) at a $5.00 strike. The total cost received by the writing party (or parties) was $56.0K, with a price of $112.0 per contract. There were 6245 open contracts at this strike prior to today, and today 1065 contract(s) were bought and sold. 
• For LRCX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>), we notice a call option sweep that happens to be bullish, expiring in 150 day(s) on August 15, 2025. This event was a transfer of 71 contract(s) at a $75.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $71.5K, with a price of $1006.0 per contract. There were 598 open contracts at this strike prior to today, and today 842 contract(s) were bought and sold. 
• Regarding DELL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), we observe a call option trade with bullish sentiment. It expires in 3 day(s) on March 21, 2025. Parties traded 110 contract(s) at a $95.00 strike. The total cost received by the writing party (or parties) was $30.3K, with a price of $276.0 per contract. There were 2059 open contracts at this strike prior to today, and today 607 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

IREN

LRCX

MARA

QUBT

LIDR

MOBBW

Shares of companies in the broader technology sector are trading higher. The sector may be rising amid an overall rebound after investor uncertainty and several risk factors led to markets entering correction territory last week.

All eyes are on NVIDIA Corp.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) GTC 2025. <a href="https://www.benzinga.com/topic/jensen-huang">CEO Jensen Huang</a> is set to unveil what's next <a href="https://www.benzinga.com/topic/artificial-intelligence">in AI hardware</a>.
JPMorgan analyst Samik Chatterjee outlines key watchpoints, as investors dissect the event for winners and losers across the hardware and networking supply chain.
<h1 class="wp-block-heading">Blackwell Ultra: On Track, But Skepticism Remains</h1>
Chatterjee expects "Blackwell Ultra ramp remains on track for the second half of the year" — a crucial milestone for Nvidia suppliers. Investors are "likely to be taken as a positive" only if Nvidia reaffirms its aggressive innovation cycle. 
The Rubin platform, expected in 2026, will also be in focus, though "specificity on timing" may be lacking.
Among the potential winners? 
Super Micro Computer Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), Dell Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), Coherent Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>), Fabrinet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FN#NYSE">FN</a>) and Amphenol Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APH#NYSE">APH</a>) are all poised to benefit from Nvidia's hardware evolution.
Read Also: <a href="https://www.benzinga.com/tech/25/03/44352209/gtc-2025-could-reignite-nvidias-stock-rally-but-only-if-b300-ai-server-roadmap-and-scaling-concerns-are-addressed-says-top-analyst">GTC 2025 Could Reignite Nvidia&#8217;s Stock Rally, But Only If B300, AI Server Roadmap, And Scaling Concerns Are Addressed, Says Top Analyst</a>
<h1 class="wp-block-heading">How Dell, Super Micro Stand To Gain</h1>
The next-gen chips will push power and thermal limits. Blackwell Ultra and Rubin will demand "independent power racks (300-700 kW per rack)" and more liquid cooling. This should benefit Dell and Super Micro. 
At the GTC 2025, one may also expect heightened interest in "increasing GPU density" and rising thermal design power levels: 1.2 kW for Blackwell, 1.4 kW for Blackwell Ultra and 1.8 kW for Rubin.
<h1 class="wp-block-heading">Copper Vs. Optics: Amphenol, Coherent, Fabrinet Likely Winners</h1>
Networking firms will be under the microscope as rack density rises from 36 to 72 to 144 GPUs. While optics adoption is a concern, "connectivity within the rack to be dominated by copper" is good news for Amphenol. 
Optical transceiver suppliers like Coherent and Fabrinet are positioned well as "resilient transceiver ASPs" hold steady amid short innovation cycles.
<h1 class="wp-block-heading">Investor Sentiment: AI Capex Uncertainty Looms</h1>
While GTC may not settle broader AI capex concerns, it could "primarily change sentiment" on key AI supply chain stocks. Amphenol, with its passive copper exposure, and optical transceiver names like Fabrinet, Lumentum and Coherent will be in the spotlight.
With Nvidia's GTC just weeks away, the stakes are high. For hardware and networking stocks, the AI boom is far from over. Investors will be tuning in to see who rides the next wave.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/03/44360400/legendary-trader-says-tesla-nvidia-apple-shares-are-ready-to-rally-i-see-what-i-like-to-see">Legendary Trader Says Tesla, Nvidia, Apple Shares Are Ready To Rally: &#8216;I See What I Like To See&#8217;</a></li>
</ul>

Events

Why Nvidia's Next Moves Matter For Amphenol, Dell, Super Micro

Deep-pocketed investors have adopted a bullish approach towards Dell Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), 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 8 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 50% leaning bullish and 37% bearish. Among these notable options, 3 are puts, totaling $592,585, and 5 are calls, amounting to $727,725.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $80.0 to $145.0 for Dell Technologies during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $80.0 to $145.0 in the last 30 days. 
<h3>Dell Technologies Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1742227253_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$7.5</td>
<td>$7.35</td>
<td>$7.35</td>
<td>$115.00</td>
<td>$551.2K</td>
<td>2.0K</td>
<td align="right">756</td>
</tr>
<tr>
<td>DELL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$5.45</td>
<td>$5.35</td>
<td>$5.35</td>
<td>$95.00</td>
<td>$510.3K</td>
<td>2.7K</td>
<td align="right">956</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$17.75</td>
<td>$17.5</td>
<td>$17.8</td>
<td>$97.50</td>
<td>$67.6K</td>
<td>188</td>
<td align="right">40</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$6.8</td>
<td>$6.05</td>
<td>$6.8</td>
<td>$130.00</td>
<td>$44.2K</td>
<td>4.1K</td>
<td align="right">0</td>
</tr>
<tr>
<td>DELL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$48.55</td>
<td>$48.4</td>
<td>$48.55</td>
<td>$145.00</td>
<td>$43.6K</td>
<td>56</td>
<td align="right">9</td>
</tr>
</tbody>
</table>

<h3>About Dell Technologies</h3>
Dell Technologies is a broad information technology vendor, primarily supplying hardware to enterprises. It is focused on premium and commercial personal computers and 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.
Having examined the options trading patterns of Dell Technologies, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Current Position of Dell Technologies</h3>
<ul>
<li>With a volume of 1,697,863, the price of DELL is up 2.85% at $98.4. </li>
<li>RSI indicators hint that the underlying stock may be approaching oversold.</li>
<li>Next earnings are expected to be released in 73 days.</li>
</ul>
<h3>What Analysts Are Saying About Dell Technologies</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $138.2.
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&#x2A; Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for Dell Technologies, targeting a price of $116. 
&#x2A; Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Dell Technologies with a target price of $150. 
&#x2A; Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on Dell Technologies with a target price of $145. 
&#x2A; An analyst from Loop Capital persists with their Buy rating on Dell Technologies, maintaining a target price of $130. 
&#x2A; An analyst from UBS has decided to maintain their Buy rating on Dell Technologies, which currently sits at a price target of $150. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Dell Technologies, <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> gives you real-time options trades alerts.

Behind the Scenes of Dell Technologies's Latest Options Trends

PSTG

Shares of tech and hardware stocks are trading higher amid an overall market rebound.

In a Friday note, JP Morgan analyst Samik Chatterjee maintained an Overweight rating on Dell Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) with a <a href="https://www.benzinga.com/quote/DELL/analyst-ratings" target="_blank" rel="noreferrer noopener">price target of $150</a>.
Chatterjee hosted Dell&#8217;s Paul Frantz, VP of Investor Relations, for an investor meeting following the company&#8217;s <a href="https://www.benzinga.com/pressreleases/25/02/b44024768/dell-technologies-delivers-fourth-quarter-and-full-year-fiscal-2025-financial-results" target="_blank" rel="noreferrer noopener">fourth-quarter earnings</a>.
Dell reported quarterly revenue of $23.9 billion, up 7% year over year, but missed the analyst consensus estimate of $24.6 billion.
Also Read: <a href="https://www.benzinga.com/25/03/44274133/supermicro-taps-intel-chips-to-power-real-time-ai-at-the-edge-eyes-growth-in-iot-and-healthcare" target="_blank" rel="noreferrer noopener">Supermicro Taps Intel Chips To Power Real-Time AI At The Edge, Eyes Growth In IoT And Healthcare</a>
Adjusted EPS of $2.68 beat the analyst consensus estimate of $2.53.
The AI Server revenue guidance of $15 billion+ for fiscal 2026 is driven by Tier 2 CSPs, similar to the $10 billion in fiscal 2025. However, Dell noted increasing traction from the Enterprise vertical, disclosing deals with over 2,000 Enterprise customers over the past six quarters. Dell noted significant opportunities in the AI server market, which it estimates is now tracking to a TAM of $295 billion, implying the company is targeting a market share of 5%+.
Dell continues to emphasize an expanding and accelerating AI Server pipeline, which is several times larger than the company&#8217;s backlog of $4 billion at the end of the fourth quarter. Additionally, Dell noted that the recent transition from Hopper to Blackwell is expected to drive lumpiness with supply ramping.
Dell emphasized that while the AI Server business is margin-dilutive, it is accretive to gross/operating profit, earnings, and cash flow across both large and small deals.
Dell noted that despite expanding AI Server revenue from ~$2 billion in fiscal 2024 to ~$10 billion in fiscal 2025, ISG operating margins increased from 12.6% in fiscal 2024 to 12.8% in fiscal 2025. Thus, the guidance for fiscal 2026 incorporates a similar dynamic, as ISG operating margins will likely remain stable despite the outlook for AI Server revenue to expand to at least $15 billion.
The Storage forecast for low-single-digit growth in fiscal 2026 incorporates continued demand momentum for mid-range products, such as Power Store and Power Scale. This growth is partially offset by the shift to Dell IP, with Partner IP becoming a headwind and ongoing declines in high-end products, where the market is structurally declining. Nonetheless, the growth, particularly for Dell IP, is expected to impact both gross and operating margins positively.
Chatterjee is more positively inclined toward the AI-driven compute investment cycle, which should benefit branded server companies. However, the drivers for the remaining businesses are more mixed, subject to the macro backdrop.
The analyst was more confident in the sustainability of a more substantial growth rate in the ISG group, led by a stronger compute investment cycle. This sets up the company for double-digit earnings growth as it cycles past the macro pressures on PCs and General-Purpose servers.
While Dell is unlikely to be perceived as a primary beneficiary of an AI investment cycle, Chatterjee expects all server companies to benefit from selling higher-end servers with upsides in ASP and (operating) margin.
The analyst noted the upside to Dell shares stemming from attributing a higher target valuation multiple to the shares relative to their historical average because of the leverage to AI investments. A strong rebound in PCs and an uplift from adopting AI PCs can provide further upside to the analyst&#8217;s estimates.
Chatterjee projected first-quarter revenue of $23.04 billion and adjusted EPS of $1.65.
Price Action: DELL stock is up 440% at $96.56 at last check Friday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/media/25/03/44327422/softbank-to-build-676-million-ai-data-center-in-japan-linked-to-openai-partnership" target="_blank" rel="noreferrer noopener">SoftBank To Build $676 Million AI Data Center In Japan, Linked To OpenAI Partners</a></li>
</ul>
Photo: Shutterstock

Comments

Dell Technologies

Unusual Options Activity for

Noticias

SOCIO/CONTRIBUIDOR

BENZINGA GLOBAL

Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
11:32 AMApr 01, 2025	PUT	$91.00	Apr 11, 2025	8	2104	2100	3188	66	TRADE	BULLISH
02:38 PMMar 31, 2025	PUT	$90.00	Nov 21, 2025	232	423	400	4230	10	TRADE	BEARISH
03:13 PMMar 28, 2025	PUT	$75.00	Jan 15, 2027	652	1506	800	430	350	TRADE	NEUTRAL
02:21 PMMar 28, 2025	PUT	$75.00	Jan 15, 2027	652	438	436	125	350	SWEEP	BULLISH
01:54 PMMar 28, 2025	PUT	$70.00	Dec 17, 2027	988	580	580	58000	1	TRADE	NEUTRAL
01:11 PMMar 28, 2025	PUT	$80.00	Jan 16, 2026	288	801	800	16	4964	TRADE	BULLISH
12:04 PMMar 27, 2025	PUT	$95.00	Jun 20, 2025	78	634	600	11	5744	TRADE	BULLISH
03:43 PMMar 25, 2025	CALL	$110.00	May 16, 2025	43	10324	5000	652	1583	TRADE	NEUTRAL
01:01 PMMar 25, 2025	PUT	$100.00	Jul 18, 2025	106	702	700	41	1700	TRADE	BULLISH
10:37 AMMar 25, 2025	PUT	$90.00	Jun 20, 2025	78	3005	2500	26	11597	TRADE	BULLISH