Bulls Go Bottom-Fishing in Dell

AP

Investors are trying to call a bottom in Dell.

For the second time in a week, OptionMonster's tracking programs detected unusual call volume in the beaten-down computer maker. Yesterday activity focused on the January 2015 12 calls, with a block of 6,500 contracts purchased for $1.02.

The investor has now locked in an entry price on Dell for the next 14 months. The long calls stand to generate big profits if the stock rallies, but the options will also become worthless if it doesn't move.