Sea Limited $SE is one of my favorite stocks for the long run.
It is literally the Amazon of the fastest-growing region of the world. What a fantastic story.
Here it is moving higher out of a textbook trend reversal:
But I’m also bullish over the short-term. And I don’t feel that way about many things right now. SE has been bucking the trend and moving higher despite the broader market pressure this week.
It just had its best earnings report in company history, reporting a monster top-line beat… and frankly, the stock would be up a lot more in any other tape.
We’ve been long this one before, and we’re going to keep doing it as long as SE keeps climbing up the right-hand side of this base.
We’re buying the $SE 4/17 $150 calls for $1.90 - $2.00 per contract.