MELI Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure

Analyze the complete MELI options chain including strike-level open interest, real-time implied volatility (IV), max pain levels, gamma exposure, dealer positioning, and options flow trends. This dashboard provides data-driven insights for traders building directional or hedging strategies around MELI.

Latest Data: 2026-03-25 (EDT)

Max Pain Price

1760

Exp: 2026-03-27

Gamma Flip

1748.91

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.632

Shows put vs call positioning

IV Skew

-5.09

Put–call IV difference

Max Pain Price Volatility

σ = 120.00

high volatility

Confidence 66%

Near-Term Options-Derived Market Structure

BULLISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

The options data shows a moderate bullish tilt. There is some directional support, though momentum remains limited. Options Chian

Looking only at the put-side activity, there is a bearish directional push. This suggests some traders are actively betting on downside. Confidence: 67%

Current DPI is -0.367(bullish). Bullish, momentum neutral or unclear.

Options Terrain Outlook (3-Month)

The market is positioned near a structural transition zone, where options exposure may shift the prevailing trading regime. Volatility conditions are elevated, implying wider and less stable price swings. Options constraints exert a moderate influence on price behavior. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-04-17 options expiry. 100% confidence

The support levels for MELI are at 1583.98, 1519.24, and 1201.19, while the resistance levels are at 1694.96, 1759.70, and 2077.75. The pivot point, a key reference price for traders, is at 1760.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 2)

Based on the latest options positioning (DTE 2), the ATM straddle implies a standardized 1.90% 1-day move.

The expected range for the next 2 days is 1599.47 — 1701.53 , corresponding to +3.79% / -2.44% .

Estimated using ATM implied volatility, OTM option flow, and dealer hedging conditions to capture the market-implied price range.

Bullish flow suggests upside interest toward 1733.38 (5.73% above spot).

Bearish positioning points to downside pressure toward 1582.84 (3.45% below spot).

Options flow strength: 0.80 (0–1 scale). ATM Strike: 1640.00, Call: 21.20, Put: 22.80, Straddle Cost: 44.00.

Price moves may extend once a direction forms. The short-term gamma flip is near 1698.18 , with intermediate positioning around 1748.91 . The mid-term gamma flip remains near 1752.03.