Whales with a lot of money to spend have taken a noticeably bullish stance on Petrobras Brasileiro.
Looking at options history for Petrobras Brasileiro PBR we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $122,228 and 8, calls, for a total amount of $487,886.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $10.0 and $16.0 for Petrobras Brasileiro, spanning the last three months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Petrobras Brasileiro options trades today is 2347.0 with a total volume of 1,640.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Petrobras Brasileiro's big money trades within a strike price range of $10.0 to $16.0 over the last 30 days.
Petrobras Brasileiro Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PBR | CALL | SWEEP | BULLISH | 12/18/26 | $4.7 | $4.6 | $4.7 | $10.00 | $149.4K | 3.1K | 0 |
| PBR | CALL | SWEEP | BULLISH | 12/18/26 | $4.7 | $4.6 | $4.7 | $10.00 | $112.3K | 3.1K | 319 |
| PBR | PUT | TRADE | BULLISH | 01/16/26 | $0.82 | $0.74 | $0.76 | $10.00 | $95.0K | 2.2K | 0 |
| PBR | CALL | SWEEP | BULLISH | 12/18/26 | $4.75 | $4.6 | $4.7 | $10.00 | $62.5K | 3.1K | 560 |
| PBR | CALL | TRADE | BEARISH | 01/16/26 | $2.76 | $2.65 | $2.65 | $13.00 | $53.0K | 5.4K | 0 |
About Petrobras Brasileiro
Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production of oil and gas in Brazilian offshore fields. Production in 2023 was 2.8 million barrels of oil equivalent a day (80% oil production), and reserves stood at 10.9 billion boe (85% oil). At end-2023, Petrobras operated 10 refineries in Brazil with capacity of 1.8 million barrels a day and distributes refined products and natural gas throughout Brazil.
In light of the recent options history for Petrobras Brasileiro, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Petrobras Brasileiro Standing Right Now?
- Currently trading with a volume of 12,677,281, the PBR's price is up by 0.34%, now at $14.55.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 30 days.
What The Experts Say On Petrobras Brasileiro
1 market experts have recently issued ratings for this stock, with a consensus target price of $17.9.
- An analyst from B of A Securities has elevated its stance to Buy, setting a new price target at $17.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Petrobras Brasileiro options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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