Sea Unusual Options Activity For May 22
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Sea (NYSE:SE) with 69% of detected trades being bearish. The total amount for puts is $509,400 and for calls is $344,955. Whales have been targeting a price range of $60 to $105 for Sea over the last 3 months.
May 22, 2023 | 6:46 pm
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A whale has taken a bearish stance on Sea (NYSE:SE) with 69% of detected trades being bearish. The total amount for puts is $509,400 and for calls is $344,955.
The bearish stance taken by a whale with a large amount of money to spend indicates a potential short-term negative impact on Sea's stock price. With 69% of detected trades being bearish and a total amount of $509,400 for puts, it is likely that the stock price will experience downward pressure in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100