A significant amount of unusual options activity has been detected for MercadoLibre (NASDAQ:MELI), with a bearish stance being taken by a majority of investors. Of the 16 strange trades detected, 56% were bearish and 43% were bullish. The total amount for puts was $352,695 and for calls was $195,946. Whales have been targeting a price range from $1020.0 to $1600.0 for MercadoLibre over the last 3 months. The company's stock price is currently down -0.61% at $1388.12. Analysts have mixed opinions, with New Street Research and UBS maintaining a Buy rating, while Wedbush has downgraded its action to Outperform.