Bearish flow noted in Petrobras (PBR) with 37,003 puts trading, or 5x expected. Most active are Mar-26 12 puts and Dec-26 10 puts, with total volume in those strikes near 35,000 contracts. The Put/Call Ratio is 7.89, while ATM IV is up over 1 point on the day. Earnings are expected on November 6th.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PBR:
- Petrobras Successfully Settles $2 Billion Global Notes Offering
- Petrobras: Buy Rating Backed by Surging Oil Production and Strategic Investments
- Petrobras Issues $1 Billion in Global Notes with Guaranty
- Petrobras call volume above normal and directionally bullish
- Petrobras Issues $2 Billion in Global Notes to Strengthen Financial Position