Investors with a lot of money to spend have taken a bullish stance on Sea SE.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SE, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 20 uncommon options trades for Sea.
This isn't normal.
The overall sentiment of these big-money traders is split between 55% bullish and 45%, bearish.
Out of all of the special options we uncovered, 11 are puts, for a total amount of $593,024, and 9 are calls, for a total amount of $449,605.
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 $20.0 to $100.0 for Sea during the past quarter.
Analyzing Volume & Open Interest
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 $20.0 to $100.0, over the past month.
Sea Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SE | PUT | SWEEP | BEARISH | 01/17/25 | $100.00 | $176.3K | 18 | 0 |
| SE | PUT | SWEEP | BULLISH | 11/17/23 | $40.00 | $87.9K | 10.6K | 954 |
| SE | CALL | TRADE | BULLISH | 01/17/25 | $20.00 | $87.6K | 238 | 0 |
| SE | CALL | SWEEP | BEARISH | 01/19/24 | $55.00 | $69.2K | 15.7K | 381 |
| SE | CALL | SWEEP | BULLISH | 02/16/24 | $50.00 | $56.8K | 959 | 30 |
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.
Current Position of Sea
- Currently trading with a volume of 2,293,856, the SE's price is up by 1.69%, now at $46.25.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 1 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Sea with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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