Dell Technologies is set to report its quarterly earnings after the market closes today. The company's stock has seen significant gains, rising 118% year-to-date and nearly 140% as of yesterday's close, outperforming Nvidia. Dell's stock is up 31% in the past month and 12% in the past week. The market is anticipating earnings per share (EPS) of $1.29, down 1.5% year-over-year, and revenue of $21.65 billion, up 3.5% year-over-year. Options activity has been heavy, with the May weekly 180 straddle priced for a 12.5% move. Despite a 4.8% drop today, sentiment remains extremely bullish. Dell announced a partnership with Nvidia on May 23rd, further boosting investor confidence. Notably, Dell's shares surged 50% in May and are up almost 60% since March. The company saw a 1.75% rise ahead of earnings and $5M in July call options activity.