MELI Options Chain Analysis

As of previous close (2026-10-02) · OPRA historical data

Spot $1,682.65 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.72

31k P / 43k C

Put/Call (Volume)

0.67

3k P / 4k C that session

30d ATM IV

40%

annualized implied move

Call wall

$2,000

2k contracts

Put wall

$1,600

2k contracts

Tail hedging

0.3×

deep-OTM puts vs calls

What the positioning says

●Call wall at $2,000 (2k contracts), 19% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $1,600 (2k contracts), 5% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 3.1× deep-OTM put OI — speculative upside positioning dominates the tails.

Open interest by strike

All expiries combined. Amber lines mark the call and put walls; the dashed line is spot.

IV term structure

At-the-money implied volatility per expiry.

Volatility smile

IV by strike — expiry 2026-10-30. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-09	3k	1k	0.43	2k
2026-10-16	6k	6k	0.91	559
2026-10-23	2k	1k	0.94	1k
2026-10-30	869	806	0.93	137
2026-11-06	816	226	0.28	550
2026-11-13	14	123	8.79	137
2026-11-20	3k	2k	0.55	226
2026-12-18	6k	6k	0.98	132
2027-01-15	6k	4k	0.70	99
2027-03-19	1k	2k	1.03	32
2027-06-17	2k	2k	0.82	25
2027-09-17	145	440	3.03	1
2027-12-17	1k	1k	0.78	31
2028-01-21	4k	2k	0.40	46
2028-12-15	1k	685	0.64	24
2029-01-19	124	25	0.20	5

Source: Cboe end-of-session option chains, summarized after each US market close and published from the following trading day — OPRA historical data. Under the OPRA plan options data becomes historical, and freely publishable, at the opening of the next trading session; data from the session in progress is never displayed or served here. Open interest is exchange-reported once a day. Research, not investment advice.