Financial giants have made a conspicuous bullish move on MercadoLibre. Our analysis of options history for MercadoLibre MELI revealed 16 unusual trades.
Delving into the details, we found 43% of traders were bullish, while 25% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $137,320, and 14 were calls, valued at $637,529.
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 $1290.0 to $2100.0 for MercadoLibre during the past quarter.
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 $1290.0 to $2100.0 in the last 30 days.
MercadoLibre Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MELI | CALL | SWEEP | BULLISH | 07/19/24 | $25.0 | $24.5 | $25.0 | $1700.00 | $180.0K | 67 | 72 |
| MELI | PUT | TRADE | BEARISH | 10/18/24 | $70.7 | $66.8 | $69.2 | $1500.00 | $110.7K | 3 | 16 |
| MELI | CALL | TRADE | BEARISH | 01/16/26 | $542.0 | $522.0 | $529.0 | $1290.00 | $52.9K | 6 | 1 |
| MELI | CALL | TRADE | BEARISH | 01/16/26 | $540.0 | $520.0 | $528.0 | $1290.00 | $52.8K | 6 | 1 |
| MELI | CALL | TRADE | NEUTRAL | 12/18/26 | $478.0 | $458.0 | $468.0 | $1600.00 | $46.8K | 2 | 2 |
About MercadoLibre
MercadoLibre runs the largest e-commerce marketplace in Latin America, with more than 218 million active users and 1 million active sellers across 18 countries stitching into its commerce network or fintech solutions as of the end of 2023. The company operates a host of complementary businesses to its core online shop, 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.
Following our analysis of the options activities associated with MercadoLibre, we pivot to a closer look at the company's own performance.
MercadoLibre's Current Market Status
- With a trading volume of 105,664, the price of MELI is down by -0.01%, reaching $1600.0.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 51 days from now.
Professional Analyst Ratings for MercadoLibre
2 market experts have recently issued ratings for this stock, with a consensus target price of $2050.0.
- Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on MercadoLibre with a target price of $2000.
- An analyst from Jefferies has elevated its stance to Buy, setting a new price target at $2100.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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