MercadoLibre's Options Frenzy: What You Need to Know

Whales with a lot of money to spend have taken a noticeably bearish stance on MercadoLibre.

Looking at options history for MercadoLibre MELI we detected 16 trades.

If we consider the specifics of each trade, it is accurate to state that 31% of the investors opened trades with bullish expectations and 68% with bearish.

From the overall spotted trades, 7 are puts, for a total amount of $1,813,803 and 9, calls, for a total amount of $555,829.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $1200.0 to $2300.0 for MercadoLibre over the last 3 months.

Analyzing Volume & Open Interest

In today's trading context, the average open interest for options of MercadoLibre stands at 75.0, with a total volume reaching 289.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in MercadoLibre, situated within the strike price corridor from $1200.0 to $2300.0, throughout the last 30 days.

MercadoLibre Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
MELI PUT TRADE BULLISH 01/17/25 $1400.00 $1.2M 75 100
MELI PUT TRADE BEARISH 06/21/24 $1500.00 $279.0K 30 30
MELI CALL SWEEP BEARISH 01/16/26 $1660.00 $216.3K 7 5
MELI CALL TRADE NEUTRAL 03/15/24 $1700.00 $82.7K 109 31
MELI PUT TRADE NEUTRAL 06/21/24 $2300.00 $66.0K 0 1

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.

Having examined the options trading patterns of MercadoLibre, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Present Market Standing of MercadoLibre

  • With a trading volume of 155,297, the price of MELI is down by 0.0%, reaching $1672.67.
  • Current RSI values indicate that the stock is may be approaching overbought.
  • Next earnings report is scheduled for 36 days from now.

Expert Opinions on MercadoLibre

A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $1850.0.

  • An analyst from Citigroup persists with their Buy rating on MercadoLibre, maintaining a target price of $1900.
  • An analyst from Wedbush has decided to maintain their Outperform rating on MercadoLibre, which currently sits at a price target of $1800.

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.

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Posted In: OptionsMarketsBZI-UOA
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