Petrobras call volume above normal and directionally bullish

Bullish option flow detected in Petrobras with 9,369 calls trading, 1.1x expected, and implied vol increasing over 1 point to 29.41%. Jun-24 15.5 calls and Jul-24 16 calls are the most active options, with total volume in those strikes near 4,900 contracts. The Put/Call Ratio is 0.60. Earnings are expected on August 8th.