Looking At MercadoLibre's Recent Whale Trades

Looking At MercadoLibre's Recent Whale Trades

Someone with a lot of money to spend has taken a bearish stance on MercadoLibre MELI.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with MELI, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 10 options trades for MercadoLibre.

This isn't normal.

The overall sentiment of these big-money traders is split between 30% bullish and 70%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $122,250, and 9, calls, for a total amount of $290,616..

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $340.0 to $2000.0 for MercadoLibre over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $340.0 to $2000.0 in the last 30 days.

MercadoLibre Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
MELI PUT TRADE BEARISH 01/20/23 $2000.00 $122.2K 0 1
MELI CALL TRADE BULLISH 01/20/23 $340.00 $47.4K 0 1
MELI CALL TRADE BEARISH 07/29/22 $430.00 $34.6K 0 1
MELI CALL TRADE NEUTRAL 08/26/22 $780.00 $33.9K 7 0
MELI CALL TRADE BULLISH 01/20/23 $500.00 $33.0K 48 1

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
MELI PUT TRADE BEARISH 01/20/23 $2000.00 $122.2K 0 1
MELI CALL TRADE BULLISH 01/20/23 $340.00 $47.4K 0 1
MELI CALL TRADE BEARISH 07/29/22 $430.00 $34.6K 0 1
MELI CALL TRADE NEUTRAL 08/26/22 $780.00 $33.9K 7 0
MELI CALL TRADE BULLISH 01/20/23 $500.00 $33.0K 48 1

Where Is MercadoLibre Standing Right Now?

  • With a volume of 69,376, the price of MELI is down -0.09% at $788.51.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 12 days.

What The Experts Say On MercadoLibre:

  • New Street Research has decided to maintain their Buy rating on MercadoLibre, which currently sits at a price target of $1100.
  • Stifel has decided to maintain their Buy rating on MercadoLibre, which currently sits at a price target of $1000.

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.

Posted In: BZI-UOAOptionsMarkets