NYSE:DELL Sharing my ideas for: DELL Currently trades at 50.77 $58 target Aug 16 expiration!!
Implied volatility is very high in $DELL, and earnings are not until after August expiration. Right now, the 45/60 strangle for August has attractive pricing, high profit probability, and relatively small margin requirement. $Dell would need to rise by 16.4% or fall by 13.7% from current levels to be ITM.
Everything was going so well for Dell until its earnings report sent the stock plummeting, now down almost 25% from its high. Despite this someone is making a bet on a reversal by placing heavy volume call option trades with a $57.50 strike. From a technical perspective the only sign of reversal on the chart is the Momentum indicator which is a leading indicator,...
waiting for a lower low on daily here and RSI confirmation $XLK
Dell $DELL beautiful trend and sizable bullish July Call OI
Doesn't seem to be slowing down anytime soon