High-rolling investors have positioned themselves bearish on Petrobras Brasileiro PBR, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in PBR often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Petrobras Brasileiro. This is not a typical pattern.
The sentiment among these major traders is split, with 25% bullish and 75% bearish. Among all the options we identified, there was one put, amounting to $915,000, and 7 calls, totaling $352,895.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $3.0 to $10.0 for Petrobras Brasileiro during the past quarter.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Petrobras Brasileiro's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Petrobras Brasileiro's substantial trades, within a strike price spectrum from $3.0 to $10.0 over the preceding 30 days.
Petrobras Brasileiro 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PBR | PUT | TRADE | BEARISH | 12/18/26 | $1.26 | $1.05 | $1.22 | $10.00 | $915.0K | 20.3K | 7.5K |
| PBR | CALL | TRADE | BEARISH | 01/17/25 | $11.1 | $10.85 | $10.88 | $3.00 | $54.4K | 290 | 280 |
| PBR | CALL | TRADE | BULLISH | 01/17/25 | $10.9 | $10.85 | $10.88 | $3.00 | $54.4K | 290 | 230 |
| PBR | CALL | SWEEP | BEARISH | 01/17/25 | $10.9 | $10.85 | $10.85 | $3.00 | $54.2K | 290 | 280 |
| PBR | CALL | TRADE | BEARISH | 01/17/25 | $11.05 | $10.8 | $10.83 | $3.00 | $54.1K | 290 | 150 |
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.
Following our analysis of the options activities associated with Petrobras Brasileiro, we pivot to a closer look at the company's own performance.
Current Position of Petrobras Brasileiro
- Currently trading with a volume of 2,153,874, the PBR's price is up by 1.2%, now at $13.89.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 13 days.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Petrobras Brasileiro, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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