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NEUTRAL Unusual option activity detected for MercadoLibre, Inc. Ticker: MELI by Market Action App

Thursday, 11.18.2021

20 contracts traded for MELI $1480 strike calls for expiration 03/18/22 with open interest of (9) when the shares were trading at 1463.29.

MELI $1480 strike calls for 03/18/22 expiration

Option Flow Order Summary

  • Size: 20
  • Sentiment: NEUTRAL
  • Estimated Cost Per Contract: 268,300
  • Estimated Premium Value: $268K
  • Volume: 42
  • Open Interest: 9
  • Contract Close Price: 1,487.33
  • Stock Price at Trade: 1463.29
  • Market Action Score: 66.67% Bearish

Why is this an Unusual Option Activity?

  • The Stock has earnings coming up. – 2021-11-04

Stock Technical Information

  • Stock Levels: Last Close: 1,487.33 , Points Change: -24.04, % Change: ⬇️ -1.62%
  • Today’s Volume: 66K (10 Days average: 568K)
  • Price Levels to consider for tomorrow:

    • Resistance 2: 1,545.76
    • Resistance 1: 1,526.28
    • Pivot Point: 1,502.04
    • Support 1: 1,463.08
    • Support 2: 1,450.96
  • Stock is below 10 SMA: 1,597.48
  • Stock is below 20 SMA: 1,558.59
  • Stock is below 50 SMA: 1,642.43
  • Stock is below 100 SMA: 1,669.41
  • 52 Week High: 2K

Stock chart for MELI (1 day)


Helpful Info

How is options trade sentiment calculated?

Bullish: Options trades are considered having a “bullish sentiment” when a “call option” is purchased at/near ask price or a “put option” is sold at/near bid price. The buyer or seller of the options is expecting the option, or any financial instrument, will increase in price.

Bearish: Options are “bearish sentiment” when a call option is sold at/near bid price or a put option is bought at/near ask price. The buyer or seller of the options is expecting the option, or any financial instrument, will decrease in price.

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