10 contracts traded for MELI $1400 strike calls for expiration 12/17/21 with open interest of (9) when the shares were trading at 1542.74.
MELI $1400 strike calls for 12/17/21 expiration
Option Flow Order Summary
- Size: 10
- Sentiment: BEARISH
- Estimated Cost Per Contract: 172,223
- Estimated Premium Value: $172K
- Volume: 4
- Open Interest: 9
- Contract Close Price: 1,633.21
- Stock Price at Trade: 1542.74
- Market Action Score: 53.33% Bullish
Why is this an Unusual Option Activity?
- The order flow was detected as a sweep.
- The Stock has earnings coming up. – 2021-11-04
Stock Technical Information
- Stock Levels: Last Close: 1,633.21 , Points Change: -91.66, % Change: ⬇️ -5.61%
- Today’s Volume: 167K (10 Days average: 422K)
Price Levels to consider for tomorrow:
- Resistance 2: 1,658.26
- Resistance 1: 1,649.91
- Pivot Point: 1,625.91
- Support 1: 1,609.22
- Support 2: 1,597.22
- Stock is above 10 SMA: 1,598.65
- Stock is above 20 SMA: 1,566.91
- Stock is below 50 SMA: 1,659.06
- Stock is below 100 SMA: 1,670.24
- 52 Week High: 2K
Stock chart for MELI (1 day)
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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