In a noteworthy bearish move, financial giants have shown an interest in Petrobras Brasileiro. Analysis of options history for Petrobras Brasileiro PBR unveiled 12 unusual trades.
Further investigation revealed that 33% of traders exhibited bullish sentiments, while 66% leaned towards bearish positions. Out of the trades uncovered, 10 were puts valued at $3,227,388, and 2 were calls valued at $144,550.
Foreseen Price Movements
A dive into the Volume and Open Interest of these contracts conveys that significant players have been eyeing a price range of $13.0 to $20.0 for Petrobras Brasileiro over the last quarter.
Trend in Volume & Open Interest
Scrutinizing the volume and open interest data is crucial when dealing with options trading. This information aids in gauging the liquidity and interest in Petrobras Brasileiro’s options across various strike prices. The graph below illustrates the progression of volume and open interest of calls and puts for all significant trades related to Petrobras Brasileiro within a strike price band of $13.0 to $20.0 in the past 30 days.
Snapshot of Petrobras Brasileiro 30-Day Option Volume & Interest
Prominent Options Uncovered:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PBR | PUT | TRADE | BEARISH | 06/20/25 | $2.7 | $0.0 | $1.8 | $13.00 | $1.2M | 7.0K | 7.0K |
| PBR | PUT | SWEEP | BEARISH | 01/17/25 | $6.2 | $6.2 | $6.2 | $20.00 | $1.1M | 34.2K | 0 |
| PBR | PUT | SWEEP | NEUTRAL | 01/17/25 | $7.85 | $6.2 | $6.2 | $20.00 | $436.5K | 34.2K | 2.5K |
| PBR | CALL | TRADE | BEARISH | 05/17/24 | $0.39 | $0.34 | $0.35 | $16.00 | $97.9K | 16.5K | 5.2K |
| PBR | PUT | SWEEP | BEARISH | 04/19/24 | $0.32 | $0.29 | $0.32 | $15.00 | $93.9K | 106.2K | 4.1K |
Insight into Petrobras Brasileiro
Petrobras is an integrated energy company based in Brazil under the control of the Brazilian government. The company primarily engages in oil and gas exploration and production in Brazilian offshore areas. With a production of 2.7 million barrels of oil equivalent per day in 2022 (80% oil production) and reserves totaling 10.5 billion boe (85% oil), Petrobras operated 11 refineries in Brazil by the end of 2022, with a capacity of 1.9 million barrels per day, distributing refined products and natural gas across Brazil.
In light of recent options activity surrounding Petrobras Brasileiro, a closer look into the company’s performance is warranted.
Current Standing of Petrobras Brasileiro
- With a trading volume of 23,328,719, PBR is currently priced at $15.42, reflecting a decrease of -0.64%.
- The present RSI values suggest that the stock may be heading towards overbought territory.
- The upcoming earnings report is slated for 35 days from now.
Expert Opinions on Petrobras Brasileiro
Over the last month, 4 experts have provided ratings on this stock, with an average target price of $17.25.
- Expressing concerns, an analyst from B of A Securities downgraded their rating to Neutral, setting a new price target of $16.
- Conversely, an analyst from HSBC raised their rating to Buy and adjusted the price target to $18, signaling a positive stance.
- An analyst from Goldman Sachs opted to maintain their Buy rating on Petrobras Brasileiro, with a current price target of $17.
- Similarly, an analyst from UBS upheld their Buy rating on Petrobras Brasileiro, retaining a target price of $17.
Options trading involves heightened risks and potential rewards. Seasoned traders navigate these risks by continually expanding their knowledge, refining their strategies, monitoring various indicators, and staying vigilant to market shifts. Stay updated on the latest Petrobras Brasileiro options activities with real-time alerts from Benzinga Pro.