Analysts have raised 2027 revenue estimates for Dell Technologies Inc. (DELL). This implies higher FCF and price targets. As a result, selling short out-of-the-money (OTM) puts is an attractive play now. For example, a 10% OTM put expiring in one month yields 4.9%.
DELL closed at $409.07 on Monday, June 15, up 3.4%. The stock has come down from a peak of $465.96 on June 1, after its May 28 earnings release for its fiscal Q1 ending May 1.
Autodesk Stock At Recent Lows Spurs Unusual Put Options Activity - Is ADSK Too Cheap?
Options Action: Naked Put Trade Ideas for June 15th
ConocoPhillips Has Attractive Short-Put Yields over 1% for the Next Month