Moderately bullish activity in Petrobras (PBR), with shares up 82c, or 3.94%, near $21.50. Options volume relatively light with 51k contracts traded and calls leading puts for a put/call ratio of 0.39, compared to a typical level near 0.51. Implied volatility (IV30) is higher by 0.2 points near 37.69,and above the 52wk median, suggesting an expected daily move of $0.51. Put-call skew flattened, suggesting a modestly bullish tone.
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