Dell (NASDAQ: DELL) is expected to announce Q3 EPS of 35c on November 29 according to Thomson First Call.

Smith Barney says: "Reiterate Buy – we continue to believe that CY08 consensus EPS underestimates that positive impact of retail expansion, headcount reductions and share repurchase."

DELL December option implied volatility of 45 is above its 26-week average of 28 according to Track Data, indicating larger price fluctuations.

Daily Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com