MercadoLibre Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for MercadoLibre (NASDAQ:MELI), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 14 uncommon options trades, with 42% bullish and 57% bearish sentiment. Whales have been targeting a price range of $800 to $1500 for MercadoLibre over the last 3 months.
June 20, 2023 | 3:16 pm
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A large investor has taken a bearish stance on MercadoLibre (NASDAQ:MELI) with unusual options activity. The overall sentiment is 42% bullish and 57% bearish, with whales targeting a price range of $800 to $1500.
The unusual options activity indicates that a large investor is taking a bearish stance on MercadoLibre, which could lead to increased selling pressure and a potential short-term decline in the stock price. The overall sentiment being more bearish than bullish also supports this view. However, it is important to note that options trading is riskier than stock trading and the investor's stance may not necessarily translate to an immediate impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100