Smart Money Is Betting Big In Sea Options

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 10 trades.

If we consider the specifics of each trade, it is accurate to state that 70% of the investors opened trades with bullish expectations and 30% with bearish.

From the overall spotted trades, 7 are puts, for a total amount of $554,345 and 3, calls, for a total amount of $319,716.

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Share Price: $0.80
Min. Investment: $1,000
Valuation: $3.5B

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $35.0 to $45.0 for Sea over the last 3 months.

Insights into Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $35.0 to $45.0 in the last 30 days.

Sea 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
SE CALL SWEEP BULLISH 06/21/24 $45.00 $152.3K 6.8K 345
SE PUT SWEEP BULLISH 12/19/25 $40.00 $150.6K 239 392
SE CALL SWEEP BEARISH 05/17/24 $45.00 $136.0K 3.6K 325
SE PUT TRADE BULLISH 01/17/25 $35.00 $103.6K 2.2K 147
SE PUT SWEEP BULLISH 06/21/24 $35.00 $89.0K 8.8K 51

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

  • With a trading volume of 3,209,822, the price of SE is up by 0.87%, reaching $38.47.
  • Current RSI values indicate that the stock is may be approaching overbought.
  • Next earnings report is scheduled for 55 days from now.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Sea options trades with real-time alerts from Benzinga Pro.

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SESea Ltd
$158.50-3.69%

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Momentum
96.28
Growth
97.79
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Value
16.14
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