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MELIMercado Libre, Inc

Options Analysis Report•SERVICES-BUSINESS SERVICES, NEC
Market Cap $99.7B|NASDAQ
● 2026-08-31$1966.25
NEUTRAL
Analysis: 2026-08-28 EOD data
1Y -17.4%YTD -0.4%7D +0.9%
6,129
30D
±9.1%
1%

MELI Options Overview

unusual activity. No clear edge detected.

REWARDS

RISK ANALYSIS

5.3VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Balanced conditions with no clear edge

Learn
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MELI Gamma Walls

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Value

Is IV priced right?

8.5
ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks7/9 checks passed
≤35%

IV Rank 52.6% — elevated vs history

<1.05x

IV/HV 0.69x — IV ≤ HV

Sector Relative≤50%

Sector percentile 26% — below sector median

<1.1x

Front/Back 0.77x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 33.6% — normal range

<80%

Effective IV 74.6% (ATM 33.6% + spread 20.5% + bias) — fair

<3.0%

Total drag 27.65% (spread 20.51% + slippage 7.14%) — high friction

≥5.0

Vega efficiency 74.75 (vega 153.312 / spread 20.51%) — efficient

Sentiment

Bullish or bearish?

4.4
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksNeutral - Weak signal (Conviction: +2%, Raw: +2%)
|net sentiment| ≥25%

Conviction-weighted: +2% (neutral) — Raw: +2%

≥15%

|OI skew| 2.7% — balanced

Same sign, |vol skew| ≥10%

Vol skew -16.0%, OI skew +2.7% — divergent (opposite)

≥2/3 conditions

0-DTE 0%, far-OTM 15%, avg DTE 30

|change| ≥3%

OI change +0.0% (5d) — stable

|weighted flow| ≥20%

ITM: +1%, ATM: +7%, OTM: -3% — neutral (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 78% — very bearish vs sector

Activity

Unusual activity?

4.0
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks2/8 checks passed
≥1.5x

Volume 0.7x avg — normal

≥15%

Vol/OI 9.0% — normal turnover

≥2 days

1 day(s) elevated — may be one-day event

≥5%

OI change +12.7% (5d) — building

Sector Relative≥60%

Sector activity percentile 89% — very active vs sector

≥30%

Large trade volume 18% — mixed

≥60%

Aggressive execution 8% — patient

≥30

Conviction +2 (bullish) — mixed

Liquidity

Can I trade efficiently?

3.0
IlliquidLiquid

Evaluates

, volume depth, and open interest for trade execution quality.

Risk Checks2/8 checks passed
≤5.0%

Spread 20.5% — wide

≥10,000

OI 68,163 — deep

≥500

Volume 6,129/day — active

≤$0.50

$1.03 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 59% — neutral vs sector

≥100 contracts

Depth 24.3 contracts (bid:11.5 ask:12.8) — thin

<1.0%

Avg slippage 7.14% — poor

Timing

Is now a good time?

6.7
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed
|slope| ≥5%

Slope -22.5% — contango

<30 or >70

IV percentile 53% — neutral

≥10pts kink

IV kink -4.2pts — no clear event

<0.5 or >2.0

θ/ν ratio 91.96 — favors income trades

≥3 expirations

4 liquid expirations — flexible

≥60% (safe)

safe window: No events detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow +2% @ 51% consistency — unclear

≥40 composite score

Score 48 (ITM 20% + inst 18%) — moderate institutional

Directional Strategy Fit

Option Buyers
Long Calls6.0
bullishIV cheap, mixed flow
Long Puts6.4
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put3.6
bullishIV too cheap, mixed flow
Covered Call4.0
bearishIV too cheap, mixed flow

For educational purposes only. Not investment advice.

The Options Desk tracks the move options price into every US earnings report the week of Aug 31, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.

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