Decoding MercadoLibre's Options Activity: What's the Big Picture?

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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 15 trades.

If we consider the specifics of each trade, it is accurate to state that 26% of the investors opened trades with bullish expectations and 26% with bearish.

From the overall spotted trades, 10 are puts, for a total amount of $857,189 and 5, calls, for a total amount of $162,580.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $1690.0 to $2140.0 for MercadoLibre over the recent three months.

Analyzing Volume & Open Interest

In today's trading context, the average open interest for options of MercadoLibre stands at 81.31, with a total volume reaching 101.00. 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 $1690.0 to $2140.0, throughout the last 30 days.

MercadoLibre Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
MELI PUT SWEEP NEUTRAL 03/21/25 $51.4 $46.2 $48.9 $1700.00 $229.6K 371 47
MELI PUT SWEEP NEUTRAL 03/21/25 $48.8 $43.4 $46.25 $1690.00 $217.1K 29 47
MELI PUT TRADE NEUTRAL 02/21/25 $143.9 $134.7 $139.3 $1930.00 $125.3K 1 0
MELI PUT TRADE BEARISH 01/15/27 $484.9 $472.0 $484.9 $2140.00 $48.4K 0 1
MELI PUT TRADE BEARISH 01/15/27 $484.4 $474.1 $484.4 $2140.00 $48.4K 0 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.

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

Where Is MercadoLibre Standing Right Now?

  • Currently trading with a volume of 94,979, the MELI's price is up by 0.16%, now at $1838.9.
  • RSI readings suggest the stock is currently may be approaching overbought.
  • Anticipated earnings release is in 30 days.

What Analysts Are Saying About MercadoLibre

2 market experts have recently issued ratings for this stock, with a consensus target price of $2025.0.

Turn $1000 into $1270 in just 20 days?

20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Consistent in their evaluation, an analyst from Wedbush keeps a Outperform rating on MercadoLibre with a target price of $2100. * An analyst from JP Morgan has decided to maintain their Neutral rating on MercadoLibre, which currently sits at a price target of $1950.

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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