Looking At MercadoLibre's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed in MercadoLibre (NASDAQ:MELI), with a bearish stance taken by a whale. 73% of the investors have bearish expectations, with 7 puts totaling $957,265 and 12 calls totaling $609,065. Whales have targeted a price range of $800 to $2000 for MercadoLibre over the last 3 months. Major banks maintain positive ratings on the stock.
May 23, 2023 | 8:02 pm
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A whale has taken a bearish stance on MercadoLibre (NASDAQ:MELI) with unusual options activity. 73% of investors have bearish expectations, while major banks maintain positive ratings on the stock.
The bearish stance taken by a whale with a large amount of money to spend indicates a potential short-term negative impact on MercadoLibre's stock price. However, major banks maintaining positive ratings on the stock could provide some support to the price. The overall impact is likely to be negative in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100