Petrobras call volume above normal and directionally bullish

Bullish option flow detected in Petrobras with 11,151 calls trading, 2x expected, and implied vol increasing almost 2 points to 30.66%. Jan-25 17 calls and Jul-24 15 calls are the most active options, with total volume in those strikes near 10,400 contracts. The Put/Call Ratio is 0.09. Earnings are expected on August 8th.