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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 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.

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