Bearish flow noted in Sea Limited (SE) with 5,061 puts trading, or 1.9x expected. Most active are 6/13 weekly 120 puts and Jun-25 175 calls, with total volume in those strikes near 4,200 contracts. The Put/Call Ratio is 2.99, while ATM IV is up over 1 point on the day. Earnings are expected on August 12th.
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