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Smart Money Is Betting Big In PBR Options

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Benzinga’s options scanner has just identified more than 8 option transactions on Petrobras Brasileiro (NYSE:PBR), with a cumulative value of $722,544. Concurrently, our algorithms picked up 4 puts, worth a total of 573,172.

What’s The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $12.0 to $17.0 for Petrobras Brasileiro during the past quarter.

Volume & Open Interest Trends

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Petrobras Brasileiro’s options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Petrobras Brasileiro’s significant trades, within a strike price range of $12.0 to $17.0, over the past month.

Petrobras Brasileiro Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
PBR PUT TRADE BULLISH 07/19/24 $0.33 $0.32 $0.3 $14.00 $300.0K 9.7K 10.2K
PBR PUT TRADE BULLISH 06/21/24 $0.2 $0.19 $0.17 $14.00 $170.0K 556 10.0K
PBR CALL SWEEP BULLISH 01/16/26 $2.85 $2.8 $2.85 $13.00 $79.2K 2.9K 280
PBR PUT TRADE BULLISH 06/21/24 $1.3 $1.17 $1.18 $16.00 $77.1K 2.6K 685
PBR CALL TRADE BEARISH 07/19/24 $0.36 $0.34 $0.34 $16.00 $47.3K 8.1K 2.6K

About Petrobras Brasileiro

Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production of oil and gas in Brazilian offshore fields. Production in 2023 was 2.8 million barrels of oil equivalent a day (80% oil production), and reserves stood at 10.9 billion boe (85% oil). At end-2023, Petrobras operated 10 refineries in Brazil with capacity of 1.8 million barrels a day and distributes refined products and natural gas throughout Brazil.

After a thorough review of the options trading surrounding Petrobras Brasileiro, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Present Market Standing of Petrobras Brasileiro

Trading volume stands at 15,697,327, with PBR’s price down by -0.06%, positioned at…

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