Financial giants have made a conspicuous bearish move on MercadoLibre. Our analysis of options history for MercadoLibre MELI revealed 14 unusual trades.
Delving into the details, we found 42% of traders were bullish, while 57% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $426,635, and 7 were calls, valued at $313,660.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $1460.0 and $1910.0 for MercadoLibre, spanning the last three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of MercadoLibre stands at 104.58, with a total volume reaching 247.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in MercadoLibre, situated within the strike price corridor from $1460.0 to $1910.0, throughout the last 30 days.
MercadoLibre Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MELI | PUT | SWEEP | BULLISH | 05/17/24 | $297.6 | $294.1 | $294.1 | $1780.00 | $147.0K | 15 | 5 |
| MELI | PUT | SWEEP | BULLISH | 09/20/24 | $144.5 | $135.9 | $139.59 | $1500.00 | $82.9K | 111 | 6 |
| MELI | CALL | TRADE | BULLISH | 06/21/24 | $71.0 | $68.6 | $71.0 | $1600.00 | $71.0K | 619 | 13 |
| MELI | PUT | SWEEP | BEARISH | 04/05/24 | $18.4 | $14.8 | $18.4 | $1495.00 | $53.3K | 54 | 30 |
| MELI | CALL | SWEEP | BEARISH | 04/05/24 | $18.3 | $17.1 | $17.1 | $1510.00 | $51.6K | 7 | 1 |
About MercadoLibre
MercadoLibre runs the largest e-commerce marketplace in Latin America, with more than 218 million active users and 1 million active sellers across 18 countries stitching into its commerce network or fintech solutions as of the end of 2023. The company operates a host of complementary businesses to its core online shop, with shipping solutions (Mercado Envios), a payment and financing operation (Mercado Pago and Mercado Credito), advertisements (Mercado Clics), classifieds, and a turnkey e-commerce solution (Mercado Shops) rounding out its arsenal. MercadoLibre generates revenue from final value fees, advertising royalties, payment processing, insertion fees, subscription fees, and interest income from consumer and small-business lending.
Present Market Standing of MercadoLibre
- Currently trading with a volume of 90,689, the MELI's price is down by -1.17%, now at $1511.0.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 29 days.
What The Experts Say On MercadoLibre
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $1980.0.
- Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for MercadoLibre, targeting a price of $1940.
- An analyst from Wedbush has revised its rating downward to Outperform, adjusting the price target to $2000.
- An analyst from Wedbush has revised its rating downward to Outperform, adjusting the price target to $2000.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for MercadoLibre with Benzinga Pro for real-time alerts.
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