Has my stock been accused of fraud?Join over 160k users who know.

Ticker Price Change($) Change(%) Shares Volume Prev Close Open Gain($) Gain(%)
Ticker Status Jurisdiction Filing Date CP Start CP End CP Loss Deadline
Ticker Case Name Status CP Start CP End Deadline Settlement Amt
Ticker Name Date Analyst Firm Up/Down Target ($) Rating Change Rating Current

News

Check Out What Whales Are Doing With MELI

Author: Benzinga Insights | July 01, 2024 11:31am

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

Looking at options history for MercadoLibre (NASDAQ:MELI) we detected 8 trades.

If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 37% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $106,602 and 4, calls, for a total amount of $203,400.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $1280.0 and $1880.0 for MercadoLibre, spanning the last three months.

Volume & Open Interest Development

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 $1280.0 to $1880.0 over the preceding 30 days.

MercadoLibre Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
MELI CALL TRADE BULLISH 12/18/26 $511.6 $494.0 $504.5 $1480.00 $100.9K 2 2
MELI CALL TRADE BULLISH 12/18/26 $413.0 $407.0 $413.0 $1700.00 $41.3K 0 0
MELI CALL TRADE BEARISH 07/05/24 $360.0 $348.0 $348.0 $1280.00 $34.8K 0 0
MELI PUT TRADE BULLISH 01/17/25 $73.5 $70.3 $70.3 $1380.00 $28.1K 9 0
MELI PUT SWEEP BEARISH 07/05/24 $28.0 $20.9 $24.45 $1600.00 $26.8K 20 2

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.

Following our analysis of the options activities associated with MercadoLibre, we pivot to a closer look at the company's own performance.

MercadoLibre's Current Market Status

  • With a trading volume of 131,371, the price of MELI is down by -3.99%, reaching $1577.8.
  • Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
  • Next earnings report is scheduled for 30 days from now.

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.

Posted In: MELI