Bearish flow noted in Petrobras (PBR) with 28,460 puts trading, or 12x expected. Most active are Apr-25 12 puts and 4/11 weekly 12.5 puts, with total volume in those strikes near 9,900 contracts. The Put/Call Ratio is 4.02, while ATM IV is up nearly 11 points on the day. Earnings are expected on May 12th.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PBR: