Whales with a lot of money to spend have taken a noticeably bullish stance on MercadoLibre.
Looking at options history for MercadoLibre MELI we detected 17 trades.
If we consider the specifics of each trade, it is accurate to state that 52% of the investors opened trades with bullish expectations and 47% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $177,116 and 12, calls, for a total amount of $1,076,200.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $900.0 to $1820.0 for MercadoLibre over the last 3 months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for MercadoLibre's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across MercadoLibre's significant trades, within a strike price range of $900.0 to $1820.0, over the past month.
MercadoLibre Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MELI | CALL | TRADE | NEUTRAL | 06/21/24 | $1460.00 | $455.6K | 24 | 0 |
| MELI | CALL | SWEEP | BEARISH | 12/01/23 | $1250.00 | $206.3K | 7 | 6 |
| MELI | CALL | TRADE | BEARISH | 01/17/25 | $1320.00 | $90.4K | 17 | 2 |
| MELI | CALL | TRADE | BULLISH | 01/19/24 | $900.00 | $67.0K | 53 | 1 |
| MELI | PUT | TRADE | NEUTRAL | 06/21/24 | $1580.00 | $45.0K | 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.
Having examined the options trading patterns of MercadoLibre, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of MercadoLibre
- Currently trading with a volume of 183,014, the MELI's price is down by 0.0%, now at $1535.5.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 87 days.
Professional Analyst Ratings for MercadoLibre
In the last month, 1 experts released ratings on this stock with 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.
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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