Financial giants have made a conspicuous bullish move on Sea. Our analysis of options history for Sea SE revealed 13 unusual trades.
Delving into the details, we found 53% of traders were bullish, while 23% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $251,550, and 11 were calls, valued at $467,610.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $75.0 to $105.0 for Sea during the past quarter.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Sea's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Sea's significant trades, within a strike price range of $75.0 to $105.0, over the past month.
Sea Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SE | PUT | TRADE | NEUTRAL | 05/16/25 | $10.2 | $9.65 | $9.9 | $92.50 | $217.8K | 23 | 220 |
| SE | CALL | SWEEP | BULLISH | 12/20/24 | $8.95 | $8.95 | $8.95 | $100.00 | $115.4K | 1.4K | 131 |
| SE | CALL | SWEEP | BEARISH | 01/17/25 | $10.3 | $10.1 | $10.15 | $100.00 | $50.7K | 10.3K | 60 |
| SE | CALL | SWEEP | BEARISH | 12/20/24 | $9.0 | $8.95 | $8.95 | $100.00 | $43.8K | 1.4K | 180 |
| SE | CALL | SWEEP | BEARISH | 10/18/24 | $24.2 | $23.6 | $23.6 | $75.00 | $42.4K | 1.4K | 18 |
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 lending and we foresee it becoming a larger part of the entire busines in the long term as its loan book has grown to $3.5 billion in 2024.
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.
Where Is Sea Standing Right Now?
- Currently trading with a volume of 1,792,203, the SE's price is up by 2.3%, now at $99.06.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 27 days.
Expert Opinions on Sea
In the last month, 1 experts released ratings on this stock with an average target price of $96.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Sea, targeting a price of $96.
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.
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