A whale with a lot of money to spend has taken a noticeably bullish stance on Sea.
Looking at options history for Sea SE we detected 10 strange trades.
If we consider the specifics of each trade, it is accurate to state that 60% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $194,190 and 4, calls, for a total amount of $195,785.
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 $60.0 to $85.0 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 1427.11 with a total volume of 771.00.
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 $60.0 to $85.0 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 | NEUTRAL | 08/18/23 | $80.00 | $80.0K | 2.3K | 106 |
| SE | CALL | TRADE | BEARISH | 01/17/25 | $85.00 | $44.6K | 160 | 33 |
| SE | CALL | SWEEP | BEARISH | 06/21/24 | $60.00 | $44.6K | 0 | 17 |
| SE | PUT | TRADE | BULLISH | 06/16/23 | $75.00 | $43.2K | 2.9K | 124 |
| SE | PUT | SWEEP | BULLISH | 12/19/25 | $75.00 | $38.2K | 54 | 17 |
Where Is Sea Standing Right Now?
- With a volume of 950,300, the price of SE is up 1.78% at $76.06.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 18 days.
What The Experts Say On Sea:
- UBS downgraded its action to Neutral with a price target of $92
- Loop Capital has decided to maintain their Hold rating on Sea, which currently sits at a price target of $88.
- Benchmark downgraded its action to Buy with 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.
© 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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