Susquehanna options strategist Alison Edwards notes call buying activity in Dell, Inc. (NYSE: DELL) ahead of today's earnings announcement after the close, as an opening investor purchased 10k Jul 62.5 Calls for $2.35. This investor opens upside exposure through mid-July, breaking even on a 15.8% rally in the underlying. The implied earnings move is ~5.5%; this is the first report since the company was taken public.