$Sea Ltd(SE)$  take profit first. Wait for result then decide next move.

2 long bars... Like my post if y'll know what that means! $SE 20240517 60.0 CALL$  

I closed 5 lot(s) $SE 20240517 45.0 PUT$  ,>90% profit decided to take profit and split the strangle. Leaving the call. Rationale for doing so is that sea is by nature volatile. As earnings is coming next week, there will be increased volatility and options premiums. Holding both calls and puts will reduce the gains that I can gain through increase in options premiums. Day before earnings, I will close the call and add the premiums for this put and that call and reopen a strangle with higher options premiums. Forming a new credit position.

If TikTok were to shut down, Sea Limited ($SEA) might see some effects, though the impact could be limited due to its diversified business model and operations. Sea Limited, which operates three core businesses—Garena (digital entertainment), Shopee (e-commerce), and SeaMoney (digital financial services)—is not heavily reliant on any single segment that would be directly impacted by a shutdown in the social media or short video content space. Additionally, the company's activities are spread across Southeast Asia, Taiwan, and Latin America, providing geographical diversification that can help cushion regional disruptions. The absence of TikTok could also present market opportunities, particularly for Garena, which might expand its digital content offerings. Moreover, Shopee and SeaMoney co