27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Someone with a lot of money to spend has taken a bearish stance on Sea (NYSE:SE).
And retail traders should know.
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We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with SE, it often means somebody knows something is about to happen.
So how do we know what this whale just did?
Today, Benzinga's options scanner spotted 19 uncommon options trades for Sea.
This isn't normal.
The overall sentiment of these big-money traders is split between 15% bullish and 84%, bearish.
Out of all of the special options we uncovered, 9 are puts, for a total amount of $551,465, and 10 are calls, for a total amount of $670,152.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $95.0 to $410.0 for Sea over the last 3 months.
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Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Sea options trades today is 622.43 with a total volume of 3,082.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Sea's big money trades within a strike price range of $95.0 to $410.0 over the last 30 days.
Sea Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SE | PUT | SWEEP | NEUTRAL | 04/14/22 | $106.00 | $209.2K | 9 | 505 |
| SE | CALL | TRADE | BEARISH | 08/19/22 | $100.00 | $180.0K | 42 | 60 |
| SE | CALL | TRADE | BEARISH | 09/16/22 | $140.00 | $157.0K | 226 | 100 |
| SE | PUT | TRADE | BEARISH | 04/01/22 | $117.00 | $70.0K | 19 | 266 |
| SE | CALL | TRADE | BULLISH | 04/14/22 | $130.00 | $68.2K | 1.5K | 292 |
Where Is Sea Standing Right Now?
- With a volume of 1,552,402, the price of SE is down -6.27% at $115.59.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 53 days.
What The Experts Say On Sea:
- Barclays has decided to maintain their Overweight rating on Sea, which currently sits at a price target of $201.
- HSBC has decided to maintain their Buy rating on Sea, which currently sits at a price target of $150.
- JP Morgan downgraded its action to Neutral with a price target of $105
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.