Options/SE

SESea Limited American Depositary Shares, each representing one Class A Ordinary Share

Options Analysis Report

Market Cap $72.5B|NYSE

● 2026-08-28$118.32

NEUTRAL

Analysis: 2026-08-27 EOD data

1Y -36.5%YTD -10.0%7D +0.7%

Options Vol

7,796

30D

Implied Move

±12.0%

IV Rank

SE Options Overview

bullish flow. No clear edge detected.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Balanced conditions with no clear edge

Learn

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SE Gamma Walls

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SE Hedge Radar

Neutral

Full Hedge Radar

Neither score is at an extreme today. Neither axis is a forecast — this is where SE sits on protection cost vs. fragility today.

Protection is priced in the cheap band (1.46) — near-dated vol is priced 10% below far-dated, and downside puts carry 1.1 IV points more than at-the-money, measured against this name's own rolling 20-trading-day realized moves (484 overlapping windows). Fragility reads neutral (4.09): it is trading 4% above its hedge wall on a wall graded HIGH for reliability, and its realized-vol regime is stable.

Protection cost

1.46/ 10cheap

Basis: cross_sectional

Fragility

4.09/ 10neutral

Basis: per_ticker

Value

Is IV priced right?

6.6

ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks4/9 checks passed

IV Rank

≤35%

IV Rank 68.0% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 0.69x — IV ≤ HV

Sector Relative≤50%

Sector percentile 64% — above sector median

Term Structure

<1.1x

Front/Back 0.90x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 44.9% — normal range

Spread-Adjusted Value

<80%

Effective IV 81.6% (ATM 44.9% + spread 18.4% + bias) — expensive

Execution Efficiency

<3.0%

Total drag 24.48% (spread 18.35% + slippage 6.13%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 3.57 (vega 6.552 / spread 18.35%) — spread drag

Sentiment

Bullish or bearish?

6.1

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksBearish - Moderate signal (Conviction: -12%, Raw: -15%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: -12% (bearish) — Raw: -15%

OI Skew Magnitude

≥15%

|OI skew| 22.2% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +49.3%, OI skew +22.2% — aligned

Conviction Quality

≥2/3 conditions

0-DTE 36%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: +53%, ATM: -69%, OTM: +28% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 23% — very bullish vs sector

Activity

Unusual activity?

3.3

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed

Volume Surge

≥1.5x

Volume 0.6x avg — normal

Turnover Rate

≥15%

Vol/OI 3.1% — normal turnover

Multi-Day Persistence

≥2 days

1 day(s) elevated — may be one-day event

OI Build

≥5%

OI change -13.4% (5d) — unwinding

Sector Relative≥60%

Sector activity percentile 58% — neutral vs sector

Trade Quality

≥30%

Large trade volume 37% — institutional presence

Execution Urgency

≥60%

Aggressive execution 19% — patient

Flow Conviction

≥30

Conviction -12 (bearish) — mixed

Liquidity

Can I trade efficiently?

3.4

IlliquidLiquid

Evaluates

bid-ask spreads

, volume depth, and open interest for trade execution quality.

Risk Checks3/8 checks passed

Tradeable Spread

≤5.0%

Spread 18.4% — wide

Adequate OI

≥10,000

OI 249,815 — deep

Active Volume

≥500

Volume 7,796/day — active

Reasonable Cost

≤$0.50

$0.92 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 81% — much wider than sector

Order Book Depth

≥100 contracts

Depth 161.5 contracts (bid:75.1 ask:86.4) — adequate

Execution Quality

<1.0%

Avg slippage 6.13% — poor

Timing

Is now a good time?

7.0

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -9.8% — contango

IV Percentile Clarity

<30 or >70

IV percentile 68% — neutral

Event Detection

≥10pts kink

IV kink -2.2pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 37.08 — favors income trades

Expiration Distribution

≥3 expirations

5 liquid expirations — flexible

Event Risk

≥60% (safe)

safe window: No earnings detected

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow -12% @ 56% consistency — unclear

Smart Money Timing

≥40 composite score

Score 67 (ITM 20% + inst 37%) — HIGH institutional

Directional Strategy Fit

Option Buyers

Long Calls6.0

bullishIV cheap, bullish flow

Long Puts5.3

bearishIV cheap, bullish flow

Premium Sellers

Cash-Secured Put4.9

bullishIV too cheap, bullish flow

Covered Call4.1

bearishIV too cheap, bullish flow

For educational purposes only. Not investment advice.