Investors with a lot of money to spend have taken a bearish stance on MercadoLibre MELI.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MELI, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 19 options trades for MercadoLibre.
This isn't normal.
The overall sentiment of these big-money traders is split between 26% bullish and 42%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $27,750, and 18, calls, for a total amount of $900,545.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $1490.0 to $2300.0 for MercadoLibre during the past quarter.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for MercadoLibre's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across MercadoLibre's significant trades, within a strike price range of $1490.0 to $2300.0, over the past month.
MercadoLibre 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MELI | CALL | SWEEP | BEARISH | 06/21/24 | $295.6 | $281.0 | $285.31 | $1490.00 | $142.6K | 8 | 5 |
| MELI | CALL | TRADE | BEARISH | 06/21/24 | $288.8 | $273.8 | $278.99 | $1500.00 | $139.4K | 112 | 5 |
| MELI | CALL | TRADE | BULLISH | 06/20/25 | $248.0 | $238.0 | $248.0 | $1940.00 | $74.4K | 4 | 3 |
| MELI | CALL | TRADE | NEUTRAL | 09/20/24 | $273.1 | $260.5 | $266.8 | $1570.00 | $53.3K | 41 | 3 |
| MELI | CALL | SWEEP | BEARISH | 08/16/24 | $105.3 | $105.2 | $105.2 | $1810.00 | $52.6K | 0 | 5 |
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.
Having examined the options trading patterns of MercadoLibre, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is MercadoLibre Standing Right Now?
- Currently trading with a volume of 136,915, the MELI's price is down by 0.0%, now at $1787.73.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 71 days.
What Analysts Are Saying About MercadoLibre
4 market experts have recently issued ratings for this stock, with a consensus target price of $1925.0.
- An analyst from Wedbush has decided to maintain their Outperform rating on MercadoLibre, which currently sits at a price target of $1800.
- An analyst from Wedbush downgraded its action to Outperform with a price target of $1800.
- Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on MercadoLibre with a target price of $2000.
- An analyst from Jefferies upgraded its action to Buy with a price target of $2100.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest MercadoLibre options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
