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 22 trades.
If we consider the specifics of each trade, it is accurate to state that 31% of the investors opened trades with bullish expectations and 68% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $204,059 and 17, calls, for a total amount of $845,904.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $900.0 to $1660.0 for MercadoLibre over the recent three months.
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 $900.0 to $1660.0 in the last 30 days.
MercadoLibre 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MELI | CALL | TRADE | BEARISH | 01/19/24 | $1400.00 | $125.1K | 250 | 0 |
| MELI | CALL | TRADE | NEUTRAL | 06/21/24 | $1100.00 | $91.8K | 7 | 0 |
| MELI | PUT | SWEEP | BULLISH | 03/15/24 | $1290.00 | $79.5K | 3 | 0 |
| MELI | CALL | TRADE | BULLISH | 12/15/23 | $900.00 | $59.2K | 10 | 1 |
| MELI | CALL | TRADE | BULLISH | 12/15/23 | $900.00 | $59.2K | 10 | 2 |
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.
After a thorough review of the options trading surrounding MercadoLibre, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of MercadoLibre
- With a volume of 157,467, the price of MELI is up 0.79% at $1493.74.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 93 days.
What Analysts Are Saying About MercadoLibre
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $1500.0.
- In a cautious move, an analyst from Wedbush downgraded its rating to Outperform, setting a price target of $1500.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest MercadoLibre options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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