Financial giants have made a conspicuous bullish move on MercadoLibre. Our analysis of options history for MercadoLibre MELI revealed 15 unusual trades.
Delving into the details, we found 40% of traders were bullish, while 40% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $314,161, and 11 were calls, valued at $683,455.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $1780.0 to $2220.0 for MercadoLibre over the last 3 months.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for MercadoLibre's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of MercadoLibre's whale activity within a strike price range from $1780.0 to $2220.0 in 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 | TRADE | BEARISH | 03/21/25 | $420.0 | $417.7 | $420.0 | $2220.00 | $210.0K | 10 | 6 |
| MELI | CALL | TRADE | BULLISH | 01/24/25 | $99.5 | $92.0 | $97.19 | $1810.00 | $145.7K | 0 | 30 |
| MELI | CALL | TRADE | BEARISH | 12/20/24 | $6.9 | $5.5 | $5.5 | $1900.00 | $110.0K | 700 | 217 |
| MELI | CALL | TRADE | NEUTRAL | 06/20/25 | $196.8 | $184.9 | $189.9 | $1840.00 | $75.9K | 12 | 5 |
| MELI | CALL | TRADE | BULLISH | 02/21/25 | $132.9 | $122.8 | $129.4 | $1820.00 | $64.7K | 9 | 0 |
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.
Where Is MercadoLibre Standing Right Now?
- Currently trading with a volume of 114,860, the MELI's price is down by -0.06%, now at $1808.0.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 64 days.
What Analysts Are Saying About MercadoLibre
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $2450.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on MercadoLibre with a target price of $2450.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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