MELIMercado Libre, Inc
Options Analysis Report•SERVICES-BUSINESS SERVICES, NEC
Market Cap $94.1B|NASDAQ
● 2026-04-17$1855.83
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y -9.8%YTD -6.0%7D +4.6%
Options Vol
4,297
30D
Implied Move
±13.2%
IV Rank
48%
MELI Options Overview
Mixed signals. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
6.0
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks5/9 checks passed
IV Rank
≤35%IV Rank 51.8% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.22x — IV premium over HV
Sector Relative≤50%
Sector percentile 37% — below sector median
Term Structure
<1.1xFront/Back 0.90x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 44.3% — normal range
Spread-Adjusted Value
<80%Effective IV 85.7% (ATM 44.3% + spread 20.7% + bias) — expensive
Execution Efficiency
<3.0%Total drag 33.39% (spread 20.71% + slippage 12.68%) — high friction
Vega Efficiency
≥5.0Vega efficiency 50.07 (vega 103.693 / spread 20.71%) — efficient
Sentiment
Bullish or bearish?
4.8
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBearish - Weak signal (Conviction: -15%, Raw: -14%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -15% (bearish) — Raw: -14%
OI Skew Magnitude
≥15%|OI skew| 3.9% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +2.1%, OI skew +3.9% — weak (same direction)
Conviction Quality
≥2/3 conditions0-DTE 54%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -34%, ATM: -9%, OTM: -18% — bearish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 55% — bearish vs sector
Activity
Unusual activity?
4.1
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 1.0x avg — normal
Turnover Rate
≥15%Vol/OI 8.1% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +15.9% (5d) — building
Sector Relative≥60%
Sector activity percentile 86% — very active vs sector
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 24% — patient
Flow Conviction
≥30Conviction -15 (bearish) — mixed
Liquidity
Can I trade efficiently?
2.8
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks2/8 checks passed
Tradeable Spread
≤5.0%Spread 20.7% — wide
Adequate OI
≥10,000OI 53,106 — deep
Active Volume
≥500Volume 4,297/day — adequate
Reasonable Cost
≤$0.50$1.04 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 68% — wider than sector
Order Book Depth
≥100 contractsDepth 18.9 contracts (bid:9.2 ask:9.7) — thin
Execution Quality
<1.0%Avg slippage 12.68% — poor
Timing
Is now a good time?
7.0
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks5/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -10.5% — contango
IV Percentile Clarity
<30 or >70IV percentile 52% — neutral
Event Detection
≥10pts kinkIV kink -6.0pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 40.64 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: No earnings detected
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -15% @ 58% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls5.3
bullishIV fair, mixed flow
Long Puts5.4
bearishIV fair, mixed flow
Premium Sellers
Cash-Secured Put4.5
bullishIV fair, mixed flow
Covered Call4.6
bearishIV fair, mixed flow
For educational purposes only. Not investment advice.