DELL's long-term trend is up with higher highs and higher lows, and indicators suggest it may keep rising, though a near-term dip or pullback is possible; support is near 545, and a break above 590 targets 610-615. Citing unusually high valuations, one presenter is cautiously bearish via November puts.

Your final look is on the Dell stock. It is perhaps the most stable of these stocks in some respects , although its performance has risen fivefold from its lowest point since the beginning of the year.

To say that it is the most stable of these stocks, as you pointed out, Alex, doesn't really mean much . It's a little crazy, not too crazy, that's an easy way to put it, but it's the same thesis here about Dell, as we talked about Moderna and similarly with Palantir as well.

Things have started to heat up a little, certainly in the short term. The stock valuations are out of the ordinary, high valuations, aren't they? Finally, we do encounter some problems here, but in this case, the implied volatility has decreased significantly.

So, I'm using a different trading structure, taking a rather cautious bearish approach , where I buy traditional November put options at 550, which is a little out of range, and sell this week's options at 550, paying a little over $20 for that trade.

I like that if we see any downturn between now and traditional November, this deal will perform well. In addition, I have 5 weeks for what I call "wood chopping," that is, continuing to sell short- term options against it.

If we see a slight increase in implied volatility, that will also benefit the deal structure.

Let's talk a little about Dell. I heard you want to start with the long term first. Let's look at this Dell chart, which looks really impressive . It looks like half a pipe in the long run. actually.

As you know, actually, a 3-year weekly chart is somewhat sufficient for us to be able to determine the direction of the stock here. Not only in the short term, but also in the long term.

Again, you see this type of basic formation. The stock was trading between $80 and around $181 before it broke very strongly above the 20-week moving average, the 50-week moving average, and the 200-week moving average.

Now, we have some bearish divergence occurring in the Relative Strength Index . Therefore, we are losing a little price momentum. This is where we roughly consolidated from June to August before we started to see a breakout to the upside.

We had a resistance zone, which has now turned into a support zone. So, we see that the white line, that small trend line there , is acting as a support zone. If we see a pullback, you are looking at approximately the 545 area as the next support zone for this stock.

If the stock manages to break above the 590 level , you are looking at between 610 and 615. The other reason I brought this up is that the MACD indicator has started to decline slightly.

It started to lose more momentum when it came to the 12-period exponential moving average (12-EMA). So, there may be a slight pullback or a pullback anyway for Dell stock, but we are recording higher record highs and higher lows, and this stock managed to hold for two or three months before it took off upwards.

The trend is in your favor , so indicators still suggest we may see the stock continue to rise, but a dip or pullback may occur in the near term here. I think this is exactly what Tim is talking about regarding the trading structure and his views on this company .

Yes, Dell's stock is facing some pressure today due to the impact of the technology sector on the market as a whole. Dell's stock is down by about 3.25 percent.