MercadoLibre Unusual Options Activity For October 24
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on MercadoLibre (NASDAQ:MELI) as indicated by unusual options activity. The sentiment among these big-money traders is split between 68% bullish and 31% bearish. The whales have been targeting a price range from $580.0 to $1460.0 for MercadoLibre over the last 3 months. The price of MELI is currently up 3.49% at $1221.27.
October 24, 2023 | 7:16 pm
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Unusual options activity indicates a bullish stance on MercadoLibre. The sentiment among big-money traders is split between 68% bullish and 31% bearish.
The unusual options activity, with a majority being bullish, indicates that there is a significant amount of money betting on the stock price of MercadoLibre to increase. This could potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100