Financial giants have made a conspicuous bearish move on MercadoLibre. Our analysis of options history for MercadoLibre MELI revealed 14 unusual trades.
Delving into the details, we found 42% of traders were bullish, while 57% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $199,080, and 10 were calls, valued at $515,073.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $1000.0 to $2000.0 for MercadoLibre during the past quarter.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $1000.0 to $2000.0 in the last 30 days.
MercadoLibre 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MELI | CALL | TRADE | NEUTRAL | 01/17/25 | $2000.00 | $130.0K | 65 | 10 |
| MELI | PUT | TRADE | BEARISH | 07/19/24 | $1630.00 | $102.9K | 7 | 6 |
| MELI | CALL | TRADE | NEUTRAL | 02/16/24 | $1550.00 | $88.1K | 38 | 10 |
| MELI | CALL | TRADE | BEARISH | 01/16/26 | $1000.00 | $75.1K | 5 | 1 |
| MELI | CALL | TRADE | BULLISH | 01/19/24 | $1100.00 | $49.7K | 100 | 1 |
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
- Currently trading with a volume of 43,229, the MELI's price is up by 1.06%, now at $1590.0.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 43 days.
Professional Analyst Ratings for MercadoLibre
2 market experts have recently issued ratings for this stock, with a consensus target price of $1850.0.
- An analyst from Citigroup persists with their Buy rating on MercadoLibre, maintaining a target price of $1900.
- 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.
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