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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 trades 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.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 9 uncommon options trades for MercadoLibre.
This isn't normal.
The overall sentiment of these big-money traders is split between 77% bullish and 22%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $345,446, and 5 are calls, for a total amount of $537,769.
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $1020.0 to $1680.0 for MercadoLibre during the past quarter.
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 $1020.0 to $1680.0 in the last 30 days.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MELI | CALL | TRADE | BULLISH | 12/20/24 | $501.4 | $489.2 | $497.3 | $1260.00 | $348.1K | 7 | 7 |
| MELI | PUT | SWEEP | BULLISH | 06/20/25 | $150.0 | $135.0 | $135.1 | $1500.00 | $108.0K | 45 | 8 |
| MELI | PUT | TRADE | BULLISH | 09/20/24 | $120.6 | $112.9 | $115.68 | $1680.00 | $80.9K | 16 | 7 |
| MELI | PUT | SWEEP | BULLISH | 07/19/24 | $42.2 | $39.6 | $39.5 | $1600.00 | $79.0K | 63 | 20 |
| MELI | PUT | SWEEP | BULLISH | 12/20/24 | $57.5 | $47.0 | $50.81 | $1380.00 | $77.4K | 0 | 16 |
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.
In light of the recent options history for MercadoLibre, it's now appropriate to focus on the company itself. We aim to explore its current performance.
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $1800.0.
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.
Posted In: MELI
