What the Options Market Tells Us About Sea

Whales with a lot of money to spend have taken a noticeably bullish stance on Sea.

Looking at options history for Sea SE we detected 15 trades.

If we consider the specifics of each trade, it is accurate to state that 53% of the investors opened trades with bullish expectations and 46% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $1,292,710 and 9, calls, for a total amount of $708,095.

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Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $45.0 to $60.0 for Sea over the recent three months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Sea's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Sea's whale trades within a strike price range from $45.0 to $60.0 in the last 30 days.

Sea Option Volume And Open Interest Over Last 30 Days

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.

Having examined the options trading patterns of Sea, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Current Position of Sea

• With a trading volume of 2,320,699, the price of SE is up by 1.73%, reaching $45.77.
• Current RSI values indicate that the stock is may be overbought.
• Next earnings report is scheduled for 13 days from now.

Professional Analyst Ratings for 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.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Sea with Benzinga Pro for real-time alerts.