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Petrobras call volume above normal and directionally bullish

Bullish option flow detected in Petrobras (PBR) with 13,564 calls trading, 1.6x expected, and implied vol increasing over 8 points to 31.73%. Jun-25 14 calls and Mar-25 14 calls are the most active options, with total volume in those strikes near 9,900 contracts. The Put/Call Ratio is 0.05. Earnings are expected on February 26th.

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