High-rolling investors have positioned themselves bullish on MercadoLibre (NASDAQ:MELI), and it's important for retail traders to take note.\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in MELI often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 13 options trades for MercadoLibre. This is not a typical pattern.
The sentiment among these major traders is split, with 53% bullish and 30% bearish. Among all the options we identified, there was one put, amounting to $110,400, and 12 calls...
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