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Behind the Scenes of MercadoLibre's Latest Options Trends

Author: Benzinga Insights | June 04, 2024 11:01am

Financial giants have made a conspicuous bearish move on MercadoLibre. Our analysis of options history for MercadoLibre (NASDAQ:MELI) revealed 16 unusual trades.

Delving into the details, we found 31% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $248,310, and 10 were calls, valued at $477,935.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $900.0 and $2120.0 for MercadoLibre, spanning the last three months.

Insights into Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in MercadoLibre's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to MercadoLibre's substantial trades, within a strike price spectrum from $900.0 to $2120.0 over the preceding 30 days.

MercadoLibre Call and Put Volume: 30-Day Overview

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
MELI CALL TRADE BEARISH 06/20/25 $436.0 $420.0 $424.22 $1400.00 $84.8K 23 2
MELI CALL TRADE BULLISH 01/17/25 $777.2 $773.1 $777.2 $900.00 $77.7K 13 1
MELI CALL TRADE BULLISH 01/16/26 $309.0 $298.0 $309.0 $1800.00 $61.8K 119 0
MELI PUT TRADE BEARISH 06/21/24 $60.5 $54.0 $60.5 $1700.00 $60.5K 136 12
MELI CALL TRADE BULLISH 01/17/25 $545.0 $535.1 $545.0 $1200.00 $54.5K 119 0

About MercadoLibre

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.

After a thorough review of the options trading surrounding MercadoLibre, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Where Is MercadoLibre Standing Right Now?

  • With a volume of 74,097, the price of MELI is down 0.0% at $1693.14.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 57 days.

Professional Analyst Ratings for MercadoLibre

In the last month, 2 experts released ratings on this stock with an average target price of $2050.0.

  • Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for MercadoLibre, targeting a price of $2000.
  • An analyst from Jefferies upgraded its action to Buy with a price target of $2100.

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