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Hawk’s Nest

PC Name Sees Bearish Bet Ahead of Earnings

by | Aug 17, 2022

Dell (DELL) buyer 1000 September $47.50 puts $2, reports 8-25 and PC weakness likely a headwind. The stock has been recovering to its 200 EMA but now at resistance and has risk of pulling back into monthly value at 44. On the upside DELL also has resistance at 50 which is a VPOC from June and the YTD VWAP.