Sea Unusual Options Activity For March 17

Deep-pocketed investors have adopted a bullish approach towards Sea (NYSE:SE), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SE usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for Sea. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 46% leaning bullish and 46% bearish. Among these notable options, 7 are puts, totaling $392,639, and 6 are calls, amounting to $311,996.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $105.0 and $140.0 for Sea, spanning the last three months.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Sea options trades today is 367.18 with a total volume of 989.00.

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 $105.0 to $140.0 over the last 30 days.

Sea 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

About Sea

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

Present Market Standing of Sea

  • Trading volume stands at 1,918,160, with SE's price up by 3.25%, positioned at $131.57.
  • RSI indicators show the stock to be is currently neutral between overbought and oversold.
  • Earnings announcement expected in 57 days.

What The Experts Say On Sea

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $159.4.

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