Financial giants have made a conspicuous bullish move on Petrobras Brasileiro. Our analysis of options history for Petrobras Brasileiro PBR revealed 16 unusual trades.
Delving into the details, we found 68% of traders were bullish, while 31% showed bearish tendencies. Out of all the trades we spotted, 14 were puts, with a value of $683,296, and 2 were calls, valued at $186,600.
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What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $12.0 to $20.0 for Petrobras Brasileiro over the last 3 months.
Volume & Open Interest Development
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 $20.0, over the past month.
Petrobras Brasileiro Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PBR | CALL | SWEEP | BULLISH | 01/16/26 | $12.00 | $147.2K | 10.4K | 453 |
| PBR | PUT | TRADE | BEARISH | 05/17/24 | $20.00 | $113.7K | 13.5K | 305 |
| PBR | PUT | SWEEP | BULLISH | 05/17/24 | $20.00 | $104.3K | 13.5K | 493 |
| PBR | PUT | SWEEP | BULLISH | 05/17/24 | $20.00 | $55.5K | 13.5K | 100 |
| PBR | PUT | SWEEP | BULLISH | 05/17/24 | $16.00 | $55.3K | 6.4K | 2.4K |
About Petrobras Brasileiro
Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production for oil and gas in Brazilian offshore fields. Production in 2022 was 2.7 million barrels of oil equivalent a day (80% oil production), and reserves stood at 10.5 billion boe (85% oil). At year-end 2022, Petrobras operated 11 refineries in Brazil with capacity of 1.9 million barrels a day and distributes refined products and natural gas throughout Brazil.
In light of the recent options history for Petrobras Brasileiro, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Petrobras Brasileiro Standing Right Now?
- With a trading volume of 12,171,261, the price of PBR is up by 1.22%, reaching $14.99.
- Current RSI values indicate that the stock is may be oversold.
- Next earnings report is scheduled for 57 days from now.
Professional Analyst Ratings for Petrobras Brasileiro
In the last month, 2 experts released ratings on this stock with an average target price of $16.8.
- Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for Petrobras Brasileiro, targeting a price of $17.
- In a cautious move, an analyst from B of A Securities downgraded its rating to Neutral, setting a price target of $16.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Petrobras Brasileiro options trades with real-time alerts from Benzinga Pro.
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