This Is What Whales Are Betting On Sea

A whale with a lot of money to spend has taken a noticeably bearish stance on Sea.

Looking at options history for Sea SE we detected 13 strange trades.

If we consider the specifics of each trade, it is accurate to state that 23% of the investors opened trades with bullish expectations and 76% with bearish.

From the overall spotted trades, 10 are puts, for a total amount of $458,315 and 3, calls, for a total amount of $232,725.

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 $74.0 to $230.0 for Sea over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Sea options trades today is 301.0 with a total volume of 2,424.00.

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 $74.0 to $230.0 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 CALL TRADE BEARISH 01/19/24 $100.00 $119.0K 739 0
SE CALL TRADE BEARISH 09/16/22 $80.00 $68.6K 282 106
SE PUT SWEEP BEARISH 07/29/22 $78.00 $68.1K 135 892
SE PUT TRADE BULLISH 01/20/23 $230.00 $61.3K 6 4
SE PUT SWEEP BEARISH 07/29/22 $77.00 $60.0K 109 775

Where Is Sea Standing Right Now?

  • With a volume of 3,047,190, the price of SE is down -1.41% at $75.7.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 18 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 $125.
  • Stifel has decided to maintain their Buy rating on Sea, which currently sits at 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.

If you want to stay updated on the latest options trades for Sea, Benzinga Pro gives you real-time options trades alerts.

Market News and Data brought to you by Benzinga APIs
Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!