Check Out What Whales Are Doing With Sea

High-rolling investors have positioned themselves bearish on Sea SE, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in SE often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 16 options trades for Sea. This is not a typical pattern.

The sentiment among these major traders is split, with 25% bullish and 43% bearish. Among all the options we identified, there was one put, amounting to $40,480, and 15 calls, totaling $1,169,014.

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 $45.0 to $80.0 for Sea over the last 3 months.

Analyzing 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 $45.0 to $80.0 in the last 30 days.

Sea Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

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.

In light of the recent options history for Sea, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Current Position of Sea

• Currently trading with a volume of 3,872,958, the SE's price is down by -4.34%, now at $68.32.
• RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
• Anticipated earnings release is in 43 days.

What Analysts Are Saying About Sea

In the last month, 3 experts released ratings on this stock with an average target price of $82.33333333333333.

• Maintaining their stance, an analyst from Loop Capital continues to hold a Buy rating for Sea, targeting a price of $94.
• Reflecting concerns, an analyst from DBS Bank lowers its rating to Hold with a new price target of $75.
• An analyst from JP Morgan has revised its rating downward to Neutral, adjusting the price target to $78.

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.