Whales with a lot of money to spend have taken a noticeably bearish stance on Petrobras Brasileiro.
Looking at options history for Petrobras Brasileiro PBR we detected 10 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 60% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $186,760 and 5, calls, for a total amount of $274,998.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $15.0 to $17.0 for Petrobras Brasileiro during the past quarter.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Petrobras Brasileiro options trades today is 16650.33 with a total volume of 12,503.00.
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 $15.0 to $17.0 over the last 30 days.
Petrobras Brasileiro Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PBR | CALL | SWEEP | BEARISH | 07/19/24 | $1.09 | $1.0 | $1.0 | $15.00 | $116.3K | 4.1K | 1.5K |
| PBR | CALL | SWEEP | BULLISH | 12/20/24 | $1.43 | $1.38 | $1.43 | $15.00 | $59.0K | 12.4K | 16 |
| PBR | PUT | SWEEP | BEARISH | 04/19/24 | $0.21 | $0.19 | $0.21 | $15.00 | $55.9K | 17.4K | 2.8K |
| PBR | CALL | SWEEP | BULLISH | 10/18/24 | $0.87 | $0.8 | $0.87 | $16.00 | $41.4K | 2.5K | 482 |
| PBR | PUT | SWEEP | BEARISH | 04/19/24 | $0.21 | $0.19 | $0.21 | $15.00 | $39.0K | 17.4K | 6.0K |
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.
Having examined the options trading patterns of Petrobras Brasileiro, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Petrobras Brasileiro
- With a volume of 6,471,141, the price of PBR is down -0.26% at $15.59.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 37 days.
Professional Analyst Ratings for Petrobras Brasileiro
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $17.25.
- Showing optimism, an analyst from HSBC upgrades its rating to Buy with a revised price target of $18.
- Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Petrobras Brasileiro with a target price of $17.
- In a cautious move, an analyst from B of A Securities downgraded its rating to Neutral, setting a price target of $16.
- An analyst from Goldman Sachs persists with their Buy rating on Petrobras Brasileiro, maintaining a target price of $17.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Petrobras Brasileiro with Benzinga Pro for real-time alerts.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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