Financial giants have made a conspicuous bullish move on MercadoLibre. Our analysis of options history for MercadoLibre MELI revealed 13 unusual trades.
Delving into the details, we found 30% of traders were bullish, while 30% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $52,510, and 11 were calls, valued at $616,022.
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 $1300.0 and $1700.0 for MercadoLibre, spanning the last three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of MercadoLibre stands at 34.0, with a total volume reaching 87.00. 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 $1300.0 to $1700.0, throughout the last 30 days.
MercadoLibre 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MELI | CALL | TRADE | BEARISH | 03/21/25 | $271.8 | $259.5 | $264.0 | $1400.00 | $132.0K | 0 | 5 |
| MELI | CALL | SWEEP | BULLISH | 05/17/24 | $164.8 | $153.8 | $160.0 | $1300.00 | $128.0K | 25 | 8 |
| MELI | CALL | SWEEP | NEUTRAL | 12/20/24 | $136.1 | $124.2 | $130.0 | $1620.00 | $65.0K | 1 | 5 |
| MELI | CALL | TRADE | BEARISH | 12/20/24 | $204.5 | $198.9 | $198.9 | $1440.00 | $59.6K | 1 | 0 |
| MELI | CALL | TRADE | NEUTRAL | 05/03/24 | $21.7 | $15.5 | $18.6 | $1460.00 | $55.8K | 14 | 33 |
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.
MercadoLibre's Current Market Status
- With a volume of 118,841, the price of MELI is up 1.91% at $1432.92.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 11 days.
Professional Analyst Ratings for 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 $1800.0.
- An analyst from UBS persists with their Buy rating on MercadoLibre, maintaining a target price of $1800.
- Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on MercadoLibre with a target price of $1800.
- Consistent in their evaluation, an analyst from Wedbush keeps a Outperform rating on MercadoLibre with a target price of $1800.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for MercadoLibre, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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