Market Whales and Their Recent Bets on Sea Options
Portfolio Pulse from Benzinga Insights
Market whales have shown a mixed sentiment on Sea (NYSE:SE) with a bearish lean, as evidenced by recent options trading activity. Benzinga's options scanner revealed 19 unusual trades, with a split sentiment of 42% bullish and 57% bearish. The trades focus on a price band between $22.5 and $100.0 for Sea. The largest trades include both calls and puts with varying sentiments and strike prices. Sea, known for its e-commerce platform Shopee and gaming business Garena, has seen its stock price increase by 0.9% to $45.77. An analyst from Citigroup has upgraded Sea to Buy with a target price of $50.

February 27, 2024 | 5:46 pm
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NEUTRAL IMPACT
Sea (NYSE:SE) has experienced mixed sentiment from market whales, with a slight bearish lean in recent options trading. The company's stock price has increased by 0.9% to $45.77, and Citigroup has upgraded the stock to Buy with a $50 target price.
The mixed sentiment in options trading indicates uncertainty, but the recent upgrade by Citigroup to Buy suggests potential upside. The stock's recent performance and the analyst's target price support a neutral to slightly positive short-term outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100