Max pain is the price where the total value of all open calls and puts would be lowest at expiration, so option buyers as a group would lose the most. Some traders watch it as a level the stock may drift toward near expiration, because option sellers, often market makers, hedge their positions in ways that can pull the price toward heavily traded strikes. It is a theory, not a guarantee.

As of the Nov 4, 2026 close, max pain for Mercado Libre options about one week from expiration was $1,732.86. The chart above shows the exact max pain for each expiration date.

Mercado Libre closed above its near-term max pain on 11 of the last 20 trading days. On Nov 4, 2026 it closed at $1,746.10, 0.8% above max pain of $1,732.86.

Over the last 20 trading days, near-term max pain for Mercado Libre ranged from $1,732.86 to $1,860.00. It went from $1,801.43 on Oct 8, 2026 to $1,732.86 on Nov 4, 2026. See the MELI max pain history for a longer view.

MercadoLibre is the largest e-commerce marketplace in Latin America, with more than 120 million unique active buyers and 1 million active sellers at the end of 2025.