Unusual Call Option Activity in Dell Technologies Stock Highlights Its Value

Today there is unusually large activity in near-term expiry call options for Dell Technologies (DELL). This highlights the value of DELL stock, given its 20% dividend hike and possible increase in buybacks.

The Barchart Unusual Stock Options Activity Report today shows over 3,600 call options in the $130 strike price traded for expiration in 9 days on April 12. DELL stock is trading at $126.75 per share, so these calls are $3.25 out-of-the-money (OTM), or 2.56%. The premium was $1.45 on the bid side and $1.50 in the mid-price.