Bearish flow noted in Petrobras (PBR) with 17,308 puts trading, or 2x expected. Most active are Jan-26 13 puts and Feb-25 14 calls, with total volume in those strikes near 9,800 contracts. The Put/Call Ratio is 1.97, while ATM IV is up nearly 4 points on the day. Earnings are expected on February 26th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PBR: