Dell Technologies reports fiscal second quarter results Tuesday after the close, and the options market is braced for a large reaction. Contracts expiring September 4 imply a swing of roughly 11% in either direction.
The at-the-money straddle, a paired call and put at the same strike, cost about $52 against Dell’s $456.01 close on Monday. Buyers profit only if the stock travels further.
What Dell Guided For, and What Analysts Expect
Dell guided to revenue of $44 billion to $45 billion for the quarter, adjusted earnings of about $4.80 a share, and roughly $15.5 billion of AI server revenue. It expected its Infrastructure Solutions Group, the server and storage division,…
