economy

January 13, 2026

Dell has been stuck in a range. This options trade makes money with even the slightest gain

Nishant Pant breaks down this options play on Dell.

Dell has been stuck in a range. This options trade makes money with even the slightest gain

TL;DR

  • Dell Technologies (DELL) stock is currently range-bound, trading within a +/- $25 range.
  • A vertical spread strategy, specifically a bull call spread, is suitable for stocks with limited momentum.
  • The proposed trade is a DELL 120-121 bull call spread with a February 6 expiry.
  • This setup aims for a 100% return on investment (ROI) if the stock reclaims $121 by expiration.
  • The entry strategy relies on three technical signals: RSI showing a climbing momentum, the $115 level acting as strong support, and DMI indicating a potential trend change.
  • A 50-contract position risks $2,500 to generate $2,500 in profit.

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