Calls Purchased on PetroBras (PBR)

Shares of Petroleo Brasileiro SA

are higher on the session by 2.16%, currently trading at $37.90. The stock has been in a significant downtrend over the past six months, making lower lows and lower highs, which is a bearish signal. Options traders are picking up some calls on the name today, though. The July $44 put was purchased on the offer 2,700 times right at the open bell; open interest on the strike is 7,634 contracts. Petroleo Brasileiro S.A. is an integrated oil and gas company. The Company operates in five segments: exploration and production; refining, transportation and marketing; distribution; gas and power, and international. The exploration and production segment includes oil and gas exploration, development and production in Brazil.