Sea's Options Frenzy: What You Need to Know

Financial giants have made a conspicuous bearish move on Sea. Our analysis of options history for Sea SE revealed 24 unusual trades.

Delving into the details, we found 33% of traders were bullish, while 66% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $1,164,960, and 15 were calls, valued at $687,013.

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 $30.0 to $65.0 for Sea over the last 3 months.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Sea options trades today is 1996.69 with a total volume of 11,436.00.

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 $30.0 to $65.0 over the last 30 days.

Sea Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

About Sea

Sea operates Southeast Asia's largest e-commerce company, Shopee, in terms of gross merchandise value and number of transactions. Sea started as a gaming business, Garena, but in 2015 expanded into e-commerce, which is now the main growth driver. Shopee is a hybrid C2C and B2C marketplace platform operating in eight core markets. Indonesia accounts for 35% of GMV, with the rest split mainly among Taiwan, Vietnam, Thailand, Malaysia, and the Philippines. For Garena, Free Fire was the most downloaded game in January 2022 and accounted for 74% of gaming revenue in 2021. Sea's third business, SeaMoney, provides mostly credit lending.

Following our analysis of the options activities associated with Sea, we pivot to a closer look at the company's own performance.

Sea's Current Market Status

• With a volume of 4,356,871, the price of SE is up 1.48% at $44.64.
• RSI indicators hint that the underlying stock may be overbought.
• Next earnings are expected to be released in 18 days.

Expert Opinions on Sea

A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $50.0.

• An analyst from Citigroup has elevated its stance to Buy, setting a new price target at $50.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Sea options trades with real-time alerts from Benzinga Pro.