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Petrobras call volume above normal and directionally bullish

Bullish option flow detected in Petrobras (PBR) with 14,861 calls trading, 1.2x expected, and implied vol increasing almost 6 points to 40.08%. Jan-27 12 calls and Jan-25 14 calls are the most active options, with total volume in those strikes near 5,200 contracts. The Put/Call Ratio is 0.58. Earnings are expected on March 6th.

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