MercadoLibre's Options Frenzy: What You Need to Know

Deep-pocketed investors have adopted a bearish approach towards MercadoLibre MELI, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MELI usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for MercadoLibre. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 11% leaning bullish and 88% bearish. Among these notable options, 3 are puts, totaling $373,960, and 6 are calls, amounting to $284,493.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $1500.0 to $1800.0 for MercadoLibre during the past quarter.

Insights into Volume & Open Interest

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 $1500.0 to $1800.0 in the last 30 days.

MercadoLibre Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
MELI PUT SWEEP BEARISH 06/20/25 $1500.00 $303.0K 7 15
MELI CALL TRADE NEUTRAL 05/17/24 $1600.00 $61.5K 88 25
MELI CALL SWEEP BEARISH 05/17/24 $1600.00 $54.6K 88 7
MELI CALL SWEEP BULLISH 09/20/24 $1550.00 $53.5K 6 3
MELI CALL TRADE BEARISH 04/12/24 $1550.00 $42.0K 14 11

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.

MercadoLibre's Current Market Status

  • With a trading volume of 45,109, the price of MELI is down by -0.37%, reaching $1544.31.
  • Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
  • Next earnings report is scheduled for 36 days from now.

Expert Opinions on MercadoLibre

Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $2050.0.

  • In a cautious move, an analyst from Wedbush downgraded its rating to Outperform, setting a price target of $2000.
  • Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on MercadoLibre with a target price of $2150.
  • In a cautious move, an analyst from Wedbush downgraded its rating to Outperform, setting a price target of $2000.

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.

Market News and Data brought to you by Benzinga APIs
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Posted In: OptionsMarketsBZI-UOA
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