What the Options Market Tells Us About Sea

Deep-pocketed investors have adopted a bullish approach towards Sea 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 16 extraordinary options activities for Sea. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 50% leaning bullish and 50% bearish. Among these notable options, 2 are puts, totaling $71,695, and 14 are calls, amounting to $3,152,234.

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 $55.0 and $75.0 for Sea, spanning the last three months.

Volume & Open Interest Trends

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 $55.0 to $75.0 in the last 30 days.

Sea 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

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.

After a thorough review of the options trading surrounding Sea, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Present Market Standing of Sea

• Currently trading with a volume of 918,751, the SE's price is down by -2.06%, now at $59.5.
• RSI readings suggest the stock is currently may be overbought.
• Anticipated earnings release is in 60 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 $69.6.

• Maintaining their stance, an analyst from Wedbush continues to hold a Outperform rating for Sea, targeting a price of $72.
• An analyst from Benchmark has decided to maintain their Buy rating on Sea, which currently sits at a price target of $78.
• An analyst from Bernstein persists with their Outperform rating on Sea, maintaining a target price of $70.
• An analyst from Bernstein persists with their Outperform rating on Sea, maintaining a target price of $60.
• An analyst from Barclays has decided to maintain their Overweight rating on Sea, which currently sits at a price target of $68.

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.