DELL Options Are Pricing a $49 Swing Into July 31 — Both Technical Models Say Lower

Dell Technologies Inc., ticker DELL, closed at 437.45. Hold onto that number, because everything in this episode is measured against it. Our read into the July 31 expiration is leaning bearish. Not a conviction call. Put trading ran unusually heavy on Friday, and the price where the most option value expires worthless for this week sits below the close, not above it. The complication: the…

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