A deep-pocketed investor has adopted a bullish approach towards Petrobras Brasileiro PBR, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of this investor remains unknown, but such a substantial move in PBR usually suggests insider knowledge. We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Petrobras Brasileiro. This level of activity is out of the ordinary. The general mood among these heavyweight investors is divided, with 80% leaning bullish and 20% bearish. Among these notable options, 5 are puts, totaling $677,200, and 5 are calls, amounting to $430,538.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $12.0 and $15.5 for Petrobras Brasileiro, spanning the last three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Petrobras Brasileiro's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Petrobras Brasileiro's whale activity within a strike price range from $12.0 to $15.5 in the last 30 days.
Petrobras Brasileiro Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PBR | PUT | SWEEP | BEARISH | 01/19/24 | $15.00 | $206.0K | 81.6K | 6.0K |
| PBR | PUT | TRADE | BEARISH | 01/19/24 | $15.00 | $206.0K | 81.6K | 2.0K |
| PBR | PUT | TRADE | BULLISH | 01/19/24 | $15.00 | $200.0K | 81.6K | 4.0K |
| PBR | CALL | SWEEP | BULLISH | 01/17/25 | $12.00 | $138.8K | 13.0K | 7 |
| PBR | CALL | SWEEP | BULLISH | 01/17/25 | $12.00 | $126.7K | 13.0K | 413 |
Current Position of Petrobras Brasileiro
- Currently trading with a volume of 12,028,496, the PBR's price has down by -0.32%, now at $15.66. RSI readings suggest the stock is currently may be approaching overbought. Anticipated earnings release is in 14 days.
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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