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 16 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, 7 are puts, for a total amount of $1,813,803 and 9, calls, for a total amount of $555,829.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $1200.0 to $2300.0 for MercadoLibre over the last 3 months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of MercadoLibre stands at 75.0, with a total volume reaching 289.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in MercadoLibre, situated within the strike price corridor from $1200.0 to $2300.0, throughout the last 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 | 01/17/25 | $1400.00 | $1.2M | 75 | 100 |
| MELI | PUT | TRADE | BEARISH | 06/21/24 | $1500.00 | $279.0K | 30 | 30 |
| MELI | CALL | SWEEP | BEARISH | 01/16/26 | $1660.00 | $216.3K | 7 | 5 |
| MELI | CALL | TRADE | NEUTRAL | 03/15/24 | $1700.00 | $82.7K | 109 | 31 |
| MELI | PUT | TRADE | NEUTRAL | 06/21/24 | $2300.00 | $66.0K | 0 | 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.
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
Present Market Standing of MercadoLibre
- With a trading volume of 155,297, the price of MELI is down by 0.0%, reaching $1672.67.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 36 days from now.
Expert Opinions on MercadoLibre
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $1850.0.
- An analyst from Citigroup persists with their Buy rating on MercadoLibre, maintaining a target price of $1900.
- An analyst from Wedbush has decided to maintain their Outperform rating on MercadoLibre, which currently sits at a price target of $1800.
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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