Notable Put Options Activity in MercadoLibre

Shares of MercadoLibre (NASDAQ: MELI) are lower on the session by 0.57%, currently trading at $80.14. The stock has been moving largely lower over the past six weeks and is currently testing the 50-day moving average.

Options traders are focusing on puts today. The strike seeing the heaviest action is the January 2012 $85.00 put, which has traded 850 times on open interest of 1,024 contracts.

Put volume is outpacing call volume by 9 to 1.

MercadoLibre, Inc. hosts an online commerce platform in Latin America located at www.mercadolibre.com which is focused on enabling e-commerce and its related services.