Benzinga | Dec 16, 2021 12:23PM EST

MercadoLibre Whale Trades For December 16

A whale with a lot of money to spend has taken a noticeably bearish stance on MercadoLibre.

Looking at options history for MercadoLibre (NASDAQ:MELI) we detected 71 strange trades.

If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 54% with bearish.

From the overall spotted trades, 18 are puts, for a total amount of $991,986 and 53, calls, for a total amount of $3,955,538.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $240.0 to $2000.0 for MercadoLibre over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $240.0 to $2000.0 in the last 30 days.

MercadoLibre Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:



Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestMELI CALL TRADE BULLISH 01/19/ $1260.00 $211.1K 154 38 24MELI CALL TRADE BULLISH 01/19/ $1260.00 $211.1K 154 38 24MELI CALL TRADE BULLISH 12/31/ $1100.00 $199.2K 1.0K 0 21MELI PUT TRADE NEUTRAL 03/18/ $2000.00 $158.0K 4 2 22MELI CALL SWEEP BEARISH 01/19/ $1260.00 $154.7K 154 5 24

Where Is MercadoLibre Standing Right Now?

* With a volume of 421,612.00, the price of MELI is down -1.73% at $1189.21.

* RSI indicators hint that the underlying stock may be approaching oversold.

* Next earnings are expected to be released in 74 days.

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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.