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 13 trades.
If we consider the specifics of each trade, it is accurate to state that 53% of the investors opened trades with bullish expectations and 38% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $2,863,443 and 9, calls, for a total amount of $1,335,868.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $40.0 to $100.0 for Sea over the recent three months.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Sea's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Sea's substantial trades, within a strike price spectrum from $40.0 to $100.0 over the preceding 30 days.
Sea Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SE | PUT | TRADE | BULLISH | 10/18/24 | $4.9 | $4.75 | $4.75 | $70.00 | $2.2M | 13.6K | 23 |
| SE | CALL | TRADE | BEARISH | 09/20/24 | $4.55 | $4.45 | $4.46 | $80.00 | $892.0K | 3.6K | 38 |
| SE | PUT | TRADE | BULLISH | 10/18/24 | $4.9 | $4.75 | $4.75 | $70.00 | $475.0K | 13.6K | 4.6K |
| SE | CALL | SWEEP | BEARISH | 07/19/24 | $3.2 | $2.89 | $2.89 | $73.00 | $144.5K | 6 | 6 |
| SE | PUT | SWEEP | BULLISH | 09/20/24 | $5.7 | $4.55 | $4.86 | $70.00 | $107.6K | 3.6K | 0 |
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.
Following our analysis of the options activities associated with Sea, we pivot to a closer look at the company's own performance.
Where Is Sea Standing Right Now?
- Trading volume stands at 7,546,357, with SE's price down by -2.87%, positioned at $73.71.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 49 days.
Professional Analyst Ratings for Sea
In the last month, 2 experts released ratings on this stock with an average target price of $86.0.
- In a cautious move, an analyst from JP Morgan downgraded its rating to Neutral, setting a price target of $78.
- An analyst from Loop Capital has decided to maintain their Buy rating on Sea, which currently sits at a price target of $94.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
