A whale with a lot of money to spend has taken a noticeably bullish stance on Sea.
Looking at options history for Sea SE we detected 15 strange trades.
If we consider the specifics of each trade, it is accurate to state that 73% of the investors opened trades with bullish expectations and 26% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $149,468 and 12, calls, for a total amount of $676,625.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $75.0 to $120.0 for Sea over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Sea options trades today is 2857.11 with a total volume of 3,228.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Sea's big money trades within a strike price range of $75.0 to $120.0 over the last 30 days.
Sea Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SE | CALL | TRADE | BEARISH | 06/16/23 | $85.00 | $99.0K | 4.1K | 1 |
| SE | CALL | SWEEP | BULLISH | 04/21/23 | $85.00 | $93.2K | 2.5K | 284 |
| SE | CALL | SWEEP | BULLISH | 04/21/23 | $85.00 | $79.1K | 2.5K | 285 |
| SE | PUT | TRADE | BEARISH | 12/19/25 | $75.00 | $62.4K | 62 | 30 |
| SE | CALL | SWEEP | BEARISH | 01/19/24 | $85.00 | $58.0K | 2.9K | 0 |
Where Is Sea Standing Right Now?
- With a volume of 1,290,944, the price of SE is up 0.75% at $83.86.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 49 days.
What The Experts Say On Sea:
- Citigroup has decided to maintain their Buy rating on Sea, which currently sits at a price target of $110.
- HSBC has decided to maintain their Buy rating on Sea, which currently sits at a price target of $92.
- TD Cowen has decided to maintain their Market Perform rating on Sea, which currently sits at a price target of $64.
- Bernstein has decided to maintain their Outperform rating on Sea, which currently sits at a price target of $100.
- Jefferies has decided to maintain their Buy rating on Sea, which currently sits at a price target of $115.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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