Smart Money Is Betting Big In MELI Options
Portfolio Pulse from Benzinga Insights
Whales are showing a bullish stance on MercadoLibre (NASDAQ:MELI) with significant options activity. Over the past month, 15 trades were detected, with a mix of calls and puts. The price target for MELI ranges from $1210 to $2000. The stock is currently trading at $1650.33, up by 1.55%, with a neutral RSI. The next earnings report is due in 6 days.
July 26, 2024 | 4:15 pm
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Whales are showing a bullish stance on MercadoLibre with significant options activity. The stock is currently trading at $1650.33, up by 1.55%. The next earnings report is due in 6 days.
The significant options activity, particularly the higher volume of calls compared to puts, indicates a bullish sentiment among large investors. The stock's current upward movement and the upcoming earnings report add to the positive outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100