Calls Purchased on MercadoLibre, Inc.

Shares of MercadoLibre, Inc.

are higher on the session by 0.73%, currently trading at $87.72. The stock has been moving largely higher over the past four months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the June 2011 $97.50 call was purchased 1,000 times, on the offer, on open interest of 171 contracts. Overall call volume is now running at 3.19x the daily average with 68% of all calls traded being purchases on the offer. 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.