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Petrobras call volume above normal and directionally bullish

Bullish option flow detected in Petrobras (PBR) with 9,172 calls trading, 1.4x expected, and implied vol increasing almost 8 points to 37.22%. Jan-26 15 (nonstd PBR1) calls and Jan-26 15 calls are the most active options, with total volume in those strikes near 4,200 contracts. The Put/Call Ratio is 0.21. Earnings are expected on August 7th.

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