Financial giants have made a conspicuous bullish move on MercadoLibre. Our analysis of options history for MercadoLibre (NASDAQ:MELI) revealed 9 unusual trades.

Delving into the details, we found 66% of traders were bullish, while 11% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $184,010, and 6 were calls, valued at $268,120.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $1500.0 to $2400.0 for MercadoLibre over the last 3 months.

Volume & Open Interest Development

Examining the volume and open interest provides crucial...