Dell (NASDAQ: DELL) closed Tuesday at $11.14. DELL is scheduled to report Q1 EPS on May 28. DELL June option implied volatility is at 55, August is at 51; versus its 26-week average of 57, according to Track Data, suggesting decreasing price movement after EPS.
Semiconductor Holders Trust (NYSE: SMH) overall volatility at 36; 26-week average is 43.
Russell 2000 (NYSE: IWM) overall implied volatility at 36; 26-week average is 45.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
Closing Bell: Bulls gutting bears (ATVI, EWBC, GE, JASO, ENZN, MCD)
Goldman Sachs CEO Lloyd Blankfein pulls a Jeff Skilling in an interview
Cramer on BloggingStocks: Pelosi can't kill the health care sector 
