MercadoLibre Unusual Options Activity For January 12 - MercadoLibre (NASDAQ:MELI)

Investors with a lot of money to spend have taken a bullish stance on MercadoLibre (NASDAQ:MELI).

And retail traders should know.

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

Whether these are institutions or just wealthy individuals, 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 18 options trades for MercadoLibre.

This isn't normal.

The overall sentiment of these big-money traders is split between 55% bullish and 44%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $78,000, and 17, calls, for a total amount of $1,059,511.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $1000.0 to $2000.0 for MercadoLibre during the past quarter.

Analyzing 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 $1000.0 to $2000.0 in the last 30 days.

MercadoLibre Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Strike Price	Total Trade Price	Open Interest	Volume
MELI	CALL	TRADE	NEUTRAL	01/17/25	$1600.00	$151.0K	147	10
MELI	CALL	SWEEP	BEARISH	01/17/25	$1600.00	$151.0K	147	5
MELI	CALL	SWEEP	BULLISH	01/19/24	$1500.00	$120.0K	389	11
MELI	CALL	SWEEP	NEUTRAL	02/02/24	$1590.00	$89.2K	21	0
MELI	CALL	SWEEP	BULLISH	05/17/24	$1760.00	$81.9K	5	11

About MercadoLibre

MercadoLibre runs the largest e-commerce marketplace in Latin America, connecting a network of more than 148 million active users and 1 million active sellers as of the end of 2022 across an 18-country footprint. The company also operates a host of complementary businesses, 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.

Current Position of MercadoLibre

With a trading volume of 128,557, the price of MELI is up by 0.54%, reaching $1600.3.
Current RSI values indicate that the stock is may be approaching overbought.
Next earnings report is scheduled for 41 days from now.

What Analysts Are Saying About MercadoLibre

In the last month, 2 experts released ratings on this stock with an average target price of $1850.0.

An analyst from Citigroup persists with their Buy rating on MercadoLibre, maintaining a target price of $1900.
An analyst from Wedbush persists with their Outperform rating on MercadoLibre, maintaining a target price of $1800.

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.

MELIMercadoLibre Inc

$1670.85-0.25%

Overview

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