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Shares of MercadoLibre
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.
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