Bearish flow noted in MercadoLibre with 1,713 puts trading, or 1.4x expected. Most active are 12/29 weekly 1590 puts and Mar-24 1500 calls, with total volume in those strikes near 290 contracts. The Put/Call Ratio is 1.54, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 22nd.
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