Petrobras Brasileiro’s Options: Analyzing the Big Money Moves – Petrobras Brasileiro (NYSE:PBR) Petrobras Brasileiro’s Options: Analyzing the Big Money Moves

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By Ronald Tech

The high-rolling crowd has taken a bullish stance on Petrobras Brasileiro (NYSE:PBR). It’s a note of interest for retail traders. This activity has come to light through Benzinga’s tracking of publicly available options data. Although the identities of these big investors remain uncertain, such a significant move in PBR often suggests that someone has privileged information.

In the current scan, Benzinga’s options tracker identified 33 options trades for Petrobras Brasileiro. This deviates from the typical pattern.

Among these major traders, the sentiment is divided, with 54% being bullish and 45% bearish. Out of all identified options, there was only one put, valued at $97,061, and 32 calls, totaling $2,508,387.

Forecasted Price Movements

Based on the observed trading activity, it seems that significant investors are eyeing a price range extending from $12.0 to $22.0 for Petrobras Brasileiro over the next three months.

Assessment of Volume & Open Interest

Regarding liquidity and interest, the mean open interest for Petrobras Brasileiro options trades today stands at 11285.7 with a total volume of 45,980.00.

A graphical representation tracks the evolution of volume and open interest of call and put options for Petrobras Brasileiro’s big money trades within a strike price range of $12.0 to $22.0 over the past 30 days.

Petrobras Brasileiro Option Activity Analysis: 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 concentrates on oil and gas exploration and production in Brazilian offshore fields. In 2022, production reached 2.7 million barrels of oil equivalent per day, with 80% being oil. Reserves stood at 10.5 billion boe, with 85% being oil. By the close of 2022, Petrobras operated 11 refineries in Brazil with a capacity of 1.9 million barrels a day and distributed refined products and natural gas throughout Brazil.

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In light of the recent options activity for Petrobras Brasileiro, it’s apt to shift focus to the company’s performance. Let’s explore its present standing.

Current Status of Petrobras Brasileiro

  • With a trading volume of 10,524,655, the price of PBR is down -0.23% at $17.01.
  • RSI indicators suggest that the underlying stock may be approaching overbought territory.
  • The next earnings are expected to be released in 31 days.

Trading options involves significant risks but also offers the potential for higher profits. Astute traders mitigate these risks through continual education, strategic trade adjustments, the use of various indicators, and staying abreast of market dynamics. Keep up with the latest options trades for Petrobras Brasileiro.