Call Traders Target Sea Stock After First Annual Profit

SE is on track for its eighth-straight daily win

Digital Content Manager
Mar 4, 2024 at 11:07 AM
facebook X logo linkedin

Sea Ltd (NYSE:SE) stock is up 1% to trade at $52.02 at last check, after the tech name recorded its first annual profit and issued a strong outlook for 2024. A fourth-quarter revenue win thanks to 24% year-over-year growth and smaller-than-expected losses are boosting the shares as well.

While analysts are yet to chime in on the results, the options pits are already buzzing. So far today, 47,000 calls and 25,000 puts have crossed the tape, or seven times the intraday average volume. The most popular contract is the March 70 call, while new positions are also being bought to open open at the weekly 3/8 60-strike call.

SE out of the gate traded at its highest level since August, temporarily filling an Aug. 15 post-earnings bear gap of 28.7%. The shares have cooled off since then though, and ar eon track for an eighth-straight win. The stock has added more than 30% so far this year, with support from its 20-day moving average.

Today's call bias is nothing new. The security's 50-day call/put volume ratio of 3.70 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) sits higher than 89% of readings from the past year. This suggests options traders have been more bullish than usual in the last 10 weeks.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI