Whales with a lot of money to spend have taken a noticeably bearish stance on MercadoLibre.
Looking at options history for MercadoLibre MELI we detected 18 trades.
If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 66% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $579,819 and 13, calls, for a total amount of $545,166.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $1000.0 to $2100.0 for MercadoLibre over the recent three months.
Volume & Open Interest Trends
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 $1000.0 to $2100.0 over the preceding 30 days.
MercadoLibre Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MELI | PUT | TRADE | BULLISH | 09/20/24 | $1340.00 | $445.0K | 0 | 50 |
| MELI | CALL | SWEEP | BEARISH | 12/15/23 | $1510.00 | $76.4K | 30 | 8 |
| MELI | CALL | TRADE | BULLISH | 06/20/25 | $1000.00 | $73.3K | 5 | 1 |
| MELI | CALL | TRADE | BEARISH | 07/19/24 | $1040.00 | $61.2K | 0 | 0 |
| MELI | PUT | TRADE | BULLISH | 07/19/24 | $2100.00 | $50.1K | 1 | 0 |
About MercadoLibre
MercadoLibre runs the largest e-commerce marketplace in Latin America, connecting a network of more than 148 million active users and 1 million active sellers as of the end of 2022 across an 18-country footprint. The company also operates a host of complementary businesses, 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.
Current Position of MercadoLibre
- With a trading volume of 97,769, the price of MELI is down by -0.91%, reaching $1600.0.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 72 days from now.
Expert Opinions on MercadoLibre
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $1850.0.
- Consistent in their evaluation, an analyst from Susquehanna keeps a Positive rating on MercadoLibre with a target price of $1850.
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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