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 8 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 25% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $111,610 and 5, calls, for a total amount of $352,024.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $50.0 and $90.0 for Sea, spanning the last three months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Sea's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Sea's substantial trades, within a strike price spectrum from $50.0 to $90.0 over the preceding 30 days.
Sea Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SE | CALL | SWEEP | BULLISH | 05/17/24 | $5.5 | $5.45 | $5.45 | $62.00 | $153.5K | 354 | 140 |
| SE | CALL | SWEEP | BULLISH | 01/17/25 | $12.45 | $12.4 | $12.45 | $65.00 | $93.3K | 2.3K | 75 |
| SE | PUT | TRADE | BULLISH | 06/20/25 | $31.4 | $30.9 | $30.9 | $90.00 | $46.3K | 0 | 15 |
| SE | CALL | TRADE | NEUTRAL | 05/17/24 | $14.45 | $14.15 | $14.31 | $50.00 | $42.9K | 2.9K | 60 |
| SE | PUT | SWEEP | BULLISH | 06/21/24 | $4.05 | $4.0 | $4.0 | $60.00 | $38.0K | 2.8K | 98 |
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
- Trading volume stands at 3,335,441, with SE's price up by 2.13%, positioned at $64.2.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 15 days.
Expert Opinions on Sea
In the last month, 2 experts released ratings on this stock with an average target price of $81.0.
- Showing optimism, an analyst from B of A Securities upgrades its rating to Buy with a revised price target of $70.
- Showing optimism, an analyst from Loop Capital upgrades its rating to Buy with a revised price target of $92.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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