Benzinga | Jan 21, 2022 01:06PM EST

What Are Whales Doing With Sea

A whale with a lot of money to spend has taken a noticeably bearish stance on Sea.

Looking at options history for Sea (NYSE:SE) we detected 30 strange trades.

If we consider the specifics of each trade, it is accurate to state that 23% of the investors opened trades with bullish expectations and 76% with bearish.

From the overall spotted trades, 21 are puts, for a total amount of $2,473,870 and 9, calls, for a total amount of $520,025.

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 $320.0 for Sea over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $75.0 to $320.0 in the last 30 days.

Sea Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestSE PUT TRADE BULLISH 04/14/ $160.00 $1.0M 148 524 22SE PUT TRADE BEARISH 06/17/ $115.00 $387.5K 24 500 22SE CALL SWEEP NEUTRAL 01/20/ $95.00 $220.5K 12 5 23SE PUT SWEEP BEARISH 02/18/ $165.00 $191.4K 335 266 22SE PUT TRADE BEARISH 02/18/ $165.00 $116.6K 335 581 22

Where Is Sea Standing Right Now?

* With a volume of 6,572,933, the price of SE is down -6.1% at $159.69.

* RSI indicators hint that the underlying stock may be oversold.

* Next earnings are expected to be released in 39 days.

What The Experts Say On Sea:

* Loop Capital downgraded its action to Hold with a price target of $190

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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.