Smart Money Is Betting Big In MELI Options

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High-rolling investors have positioned themselves bullish on MercadoLibre MELI, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in MELI often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 40 options trades for MercadoLibre. This is not a typical pattern.

The sentiment among these major traders is split, with 45% bullish and 37% bearish. Among all the options we identified, there was one put, amounting to $36,330, and 39 calls, totaling $10,963,811.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $900.0 and $3200.0 for MercadoLibre, spanning the last three months.

Analyzing Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in MercadoLibre's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to MercadoLibre's substantial trades, within a strike price spectrum from $900.0 to $3200.0 over the preceding 30 days.

MercadoLibre Option Activity Analysis: Last 30 Days

Options Call Chart

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 SWEEP BULLISH 01/15/27 $602.0 $584.0 $602.0 $1720.00 $3.5M 65 118
MELI CALL SWEEP BULLISH 01/15/27 $589.3 $585.0 $585.0 $1720.00 $3.4M 65 59
MELI CALL SWEEP BULLISH 03/21/25 $102.0 $88.6 $100.0 $2000.00 $771.4K 169 89
MELI CALL TRADE BEARISH 03/21/25 $230.2 $215.7 $220.0 $1790.00 $440.0K 73 28
MELI CALL TRADE BEARISH 03/21/25 $210.0 $205.0 $205.0 $1790.00 $307.5K 73 28

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.

Following our analysis of the options activities associated with MercadoLibre, we pivot to a closer look at the company's own performance.

Where Is MercadoLibre Standing Right Now?

  • Currently trading with a volume of 145,243, the MELI's price is up by 3.18%, now at $1949.77.
  • RSI readings suggest the stock is currently may be overbought.
  • Anticipated earnings release is in 21 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 $2100.0.

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. * In a positive move, an analyst from Raymond James has upgraded their rating to Strong Buy and adjusted the price target to $2250. * Consistent in their evaluation, an analyst from Wedbush keeps a Outperform rating on MercadoLibre with a target price of $2100. * Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on MercadoLibre with a target price of $1950.

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.

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