Featuring a heavy bias toward bullish positions, high-rolling investors have made substantial moves on Petrobras Brasileiro PBR. This intriguing activity, flagged by Benzinga’s publicly available options data tracker, could indicate an inside scoop, though the identity of these adroit investors remains obscured.
According to today’s data from Benzinga’s options scanner, 33 atypical options trades have occurred for Petrobras Brasileiro, hinting at a significant shake-up in the norm.
Among the identified options, we’ve seen a notable 54% bullish and 45% bearish sentiment. The figures show one put trade totaling $97,061 and an impressive 32 calls amounting to $2,508,387.
Plotting Future Price Movements
Intelligent inference based on trading activity suggests that major investors are setting their sights on a price range from $12.0 to $22.0 for Petrobras Brasileiro within the upcoming three months.
Delving into Volume & Open Interest
Highlighting liquidity and interest, Petrobras Brasileiro’s options trades today have yielded a mean open interest of 11285.7, with a total volume reaching 45,980.00.
In the chart enclosed, we’ve dissected the development of volume and open interest for call and put options relevant to Petrobras Brasileiro’s big money trades, covering a strike price span of $12.0 to $22.0 over the past 30 days.
Petrobras Brasileiro Option Activity Analysis: The Last 30 Days
Notable Options Activity
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PBR | CALL | TRADE | BULLISH | 04/19/24 | $16.00 | $216.3K | 23.5K | 1.2K |
| PBR | CALL | TRADE | BULLISH | 04/19/24 | $18.00 | $216.0K | 7.8K | 3.1K |
| PBR | CALL | SWEEP | BULLISH | 01/16/26 | $12.00 | $208.1K | 6.5K | 390 |
| PBR | CALL | SWEEP | BEARISH | 04/19/24 | $18.00 | $190.9K | 7.8K | 5.9K |
| PBR | CALL | TRADE | BULLISH | 01/17/25 | $12.00 | $189.0K | 14.8K | 351 |
About Petrobras Brasileiro
Petrobras is a Brazil-based integrated energy company under the control of the Brazilian government. The company specializes in the exploration and production of oil and gas in Brazilian offshore fields. In 2022, its production amassed to 2.7 million barrels of oil equivalent daily, primarily oil. Furthermore, its reserves stood at an impressive 10.5 billion barrels of oil equivalent, with 85% being oil. At the close of 2022, Petrobras managed 11 refineries in Brazil with a capacity of 1.9 million barrels per day, distributing refined products and natural gas throughout the country.
Given the recent options activity regarding Petrobras Brasileiro, it is opportune to delve into the company’s current performance.
Petrobras Brasileiro’s Current Standing
- With a trading volume of 10,524,655, Petrobras Brasileiro’s stock price has dipped by -0.23% to $17.01.
- RSI indicators suggest the underlying stock may be heading into overbought territory.
- The next earnings release is anticipated in 31 days.
While trading options carries increased risks, it also presents the potential for augmented profits. Astute traders navigate these risks through ongoing education, strategic trade adjustments, utilization of diverse indicators, and a keen awareness of market dynamics. Keep updated on the latest options trades for Petrobras Brasileiro with Benzinga Pro for real-time alerts.