Group 1 - Dell Technologies Inc's stock has dropped significantly, currently down 7% to $124.44 after a double downgrade from Morgan Stanley to "underweight" from "overweight," with a price target cut from $144 to $110 due to rising memory drive prices [1] - The stock has been in decline since reaching a one-year high of $167.94 on November 3, now on track for its 12th loss in 14 trading sessions, trading at its lowest levels since early September [2] - The 160-day moving average is at today's low, potentially limiting further losses, while the 14-day relative strength index (RSI) is at 14, indicating the stock is in "oversold" territory [2] Group 2 - Options trading has increased significantly following the downgrade, with 16,000 calls and 13,000 puts exchanged, which is double the typical options volume [3] - The most popular options contracts are the November 120 put and the November 138 call [3] - Over the past 10 weeks, calls have been more popular than usual, with a 50-day call/put volume ratio of 2.52, the highest in the past year [4]