A whale with a lot of money to spend has taken a noticeably bearish stance on Petrobras Brasileiro.
Looking at options history for Petrobras Brasileiro PBR we detected 22 strange trades.
If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 59% with bearish.
From the overall spotted trades, 10 are puts, for a total amount of $3,870,929 and 12, calls, for a total amount of $1,054,035.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $10.0 to $19.0 for Petrobras Brasileiro over the last 3 months.
Volume & Open Interest Development
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 $10.0 to $19.0 in the last 30 days.
Petrobras Brasileiro Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PBR | PUT | TRADE | BEARISH | 01/20/23 | $12.00 | $2.5M | 128.7K | 10.6K |
| PBR | CALL | TRADE | BEARISH | 01/20/23 | $15.00 | $414.0K | 142.9K | 3.1K |
| PBR | PUT | SWEEP | BULLISH | 04/14/22 | $19.00 | $359.4K | 0 | 698 |
| PBR | PUT | TRADE | NEUTRAL | 04/14/22 | $18.00 | $254.1K | 300 | 900 |
| PBR | PUT | TRADE | NEUTRAL | 04/14/22 | $19.00 | $207.5K | 0 | 1.1K |
Where Is Petrobras Brasileiro Standing Right Now?
- With a volume of 26,787,498, the price of PBR is up 0.8% at $14.44.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 13 days.
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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.
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