Looking At Sea's Recent Unusual Options Activity

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 11 strange trades.

If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 54% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $156,750 and 9, calls, for a total amount of $386,045.

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 $46.0 to $155.0 for Sea over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $46.0 to $155.0 in the last 30 days.

Sea Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

 

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
SE PUT TRADE NEUTRAL 01/20/23 $155.00 $84.5K 21 9
SE PUT SWEEP NEUTRAL 05/19/23 $65.00 $72.2K 137 75
SE CALL SWEEP BULLISH 01/06/23 $65.00 $67.0K 71 218
SE CALL SWEEP BEARISH 01/19/24 $50.00 $55.7K 647 23
SE CALL TRADE BULLISH 01/19/24 $120.00 $52.8K 2.6K 120

Where Is Sea Standing Right Now?

  • With a volume of 2,330,873, the price of SE is up 0.34% at $61.36.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 88 days.

What The Experts Say On Sea:

  • JP Morgan upgraded its action to Overweight with a price target of $70
  • JP Morgan has decided to maintain their Overweight rating on Sea, which currently sits at a price target of $75.
  • Cowen & Co. has decided to maintain their Outperform rating on Sea, which currently sits at a price target of $78.
  • Cowen & Co. has decided to maintain their Outperform rating on Sea, which currently sits at a price target of $72.
  • Morgan Stanley has decided to maintain their Overweight rating on Sea, which currently sits at a price target of $95.

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
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Posted In: OptionsMarketsBZI-UOA
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