Sea Unusual Trading Patterns

Unusual Options Activity in Sea Limited (SE) on March 17

March 18, 2023 - Options trading in Sea Limited (SE) was unusually active on March 17, with a significant increase in call buying activity. The unusual options activity in SE was detected by Benzinga's proprietary options monitoring system.

According to the data, the majority of the unusual options activity in SE was concentrated in the March 17 expiration cycle. The most actively traded options contracts were the March 17 $40 call and the March 17 $42 call, with a total of 55,000 contracts traded.

The unusual options activity in SE suggests that many traders are betting on a continued upward trend in the stock. The $40 call and $42 call options are both positioned to benefit from a continued rise in the stock's price, with the $40 call expiring in the money if the stock is trading above $40 at the March 17 expiration, and the $42 call expiring in the money if the stock is trading above $42 at the March 17 expiration.

It is worth noting that unusual options activity can be a sign of market sentiment, but it is not always a reliable indicator of future stock performance. The stock's price can be influenced by a wide range of factors, including earnings releases, economic data, and company-specific news.

As of the market close on March 17, SE was trading at $41.22, down 2.4% from the previous day's close. The stock has been trading in a narrow range over the past few weeks, and the unusual options activity may be a sign that traders are looking for a breakout in the stock's price.