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Petrobras call volume above normal and directionally bullish

Bullish option flow detected in Petrobras (PBR) with 37,884 calls trading, 1.5x expected, and implied vol increasing over 12 points to 47.61%. Jun-26 18 calls and Jan-27 20 calls are the most active options, with total volume in those strikes near 9,800 contracts. The Put/Call Ratio is 0.23. Earnings are expected on March 5th.

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