Call Traders Target Sea Stock After First Annual Profit
SESea(SE) Schaeffers Research·2024-03-05 00:07

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 contrac ...