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Petrobras call volume above normal and directionally bullish

Petrobras call volume above normal and directionally bullish

Bullish option flow detected in Petrobras (PBR) with 21,409 calls trading, 1.8x expected, and implied vol increasing almost 2 points to 35.04%. Jul-25 16 calls and 1/24 weekly 13.5 puts are the most active options, with total volume in those strikes near 15,000 contracts. The Put/Call Ratio is 0.45. Earnings are expected on March 6th.

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