A financial giant has made a conspicuous bearish move on MercadoLibre. Our analysis of options history for MercadoLibre MELI revealed 13 unusual trades. Delving into the details, we found 23% of traders were bullish, while 76% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $204,562, and 7 were calls, valued at $403,902.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $1200.0 to $1800.0 for MercadoLibre over the recent three months.
Volume & Open Interest Trends
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 $1200.0 to $1800.0 in the last 30 days.
MercadoLibre Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MELI | CALL | SWEEP | BULLISH | 11/17/23 | $1370.00 | $136.5K | 75 | 36 |
| MELI | CALL | TRADE | BEARISH | 06/21/24 | $1200.00 | $60.8K | 59 | 2 |
| MELI | CALL | SWEEP | BEARISH | 11/17/23 | $1270.00 | $59.0K | 28 | 5 |
| MELI | CALL | SWEEP | NEUTRAL | 03/15/24 | $1450.00 | $44.0K | 75 | 18 |
| MELI | CALL | SWEEP | BULLISH | 03/15/24 | $1450.00 | $43.0K | 75 | 9 |
Current Position of MercadoLibre
- Trading volume stands at 65,330, with MELI's price up 0.76%, positioned at $1385.19. RSI indicators show the stock to be may be approaching overbought. Earnings announcement expected in 107 days.
What Analysts Are Saying About MercadoLibre:
- Wedbush downgraded its action to Outperform with a price target of $1500.
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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