High-rolling investors have positioned themselves bullish 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 10 options trades for Petrobras Brasileiro. This is not a typical pattern.
The sentiment among these major traders is split, with 60% bullish and 40% bearish. Among all the options we identified, there was one put, amounting to $25,000, and 9 calls, totaling $440,145.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $10.0 to $20.0 for Petrobras Brasileiro during the past quarter.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Petrobras Brasileiro options trades today is 12741.0 with a total volume of 7,808.00.
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 $20.0 over the last 30 days.
Petrobras Brasileiro 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PBR | CALL | SWEEP | BULLISH | 04/19/24 | $18.00 | $69.7K | 4.8K | 1.3K |
| PBR | CALL | SWEEP | BULLISH | 04/19/24 | $18.00 | $66.3K | 4.8K | 0 |
| PBR | CALL | TRADE | BULLISH | 12/20/24 | $20.00 | $66.0K | 7.0K | 0 |
| PBR | CALL | SWEEP | BULLISH | 04/19/24 | $18.00 | $62.8K | 4.8K | 2.7K |
| PBR | CALL | SWEEP | BEARISH | 01/19/24 | $10.00 | $47.0K | 2.2K | 0 |
About Petrobras Brasileiro
Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production for oil and gas in Brazilian offshore fields. Production in 2022 was 2.7 million barrels of oil equivalent a day (80% oil production), and reserves stood at 10.5 billion boe (85% oil). At year-end 2022, Petrobras operated 11 refineries in Brazil with capacity of 1.9 million barrels a day and distributes refined products and natural gas throughout Brazil.
After a thorough review of the options trading surrounding Petrobras Brasileiro, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Petrobras Brasileiro's Current Market Status
- Currently trading with a volume of 6,081,950, the PBR's price is down by -0.81%, now at $15.97.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 100 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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