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Petrobras put volume heavy and directionally bearish
The Fly

Petrobras put volume heavy and directionally bearish

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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