Bearish flow noted in Petrobras with 17,584 puts trading, or 1.4x expected. Most active are Aug-24 13 puts and Aug-24 14 puts, with total volume in those strikes near 12,600 contracts. The Put/Call Ratio is 4.58, while ATM IV is up over 1 point on the day. Earnings are expected on August 8th.
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