Financial giants have made a conspicuous bearish move on Petrobras Brasileiro. Our analysis of options history for Petrobras Brasileiro PBR revealed 12 unusual trades.
Delving into the details, we found 33% of traders were bullish, while 66% showed bearish tendencies. Out of all the trades we spotted, 10 were puts, with a value of $3,227,388, and 2 were calls, valued at $144,550.
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Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $13.0 to $20.0 for Petrobras Brasileiro during the past quarter.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Petrobras Brasileiro's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Petrobras Brasileiro's whale trades within a strike price range from $13.0 to $20.0 in the last 30 days.
Petrobras Brasileiro 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PBR | PUT | TRADE | BEARISH | 06/20/25 | $2.7 | $0.0 | $1.8 | $13.00 | $1.2M | 7.0K | 7.0K |
| PBR | PUT | SWEEP | BEARISH | 01/17/25 | $6.2 | $6.2 | $6.2 | $20.00 | $1.1M | 34.2K | 0 |
| PBR | PUT | SWEEP | NEUTRAL | 01/17/25 | $7.85 | $6.2 | $6.2 | $20.00 | $436.5K | 34.2K | 2.5K |
| PBR | CALL | TRADE | BEARISH | 05/17/24 | $0.39 | $0.34 | $0.35 | $16.00 | $97.9K | 16.5K | 5.2K |
| PBR | PUT | SWEEP | BEARISH | 04/19/24 | $0.32 | $0.29 | $0.32 | $15.00 | $93.9K | 106.2K | 4.1K |
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.
Current Position of Petrobras Brasileiro
- With a trading volume of 23,328,719, the price of PBR is down by -0.64%, reaching $15.42.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 35 days from now.
What The Experts Say On Petrobras Brasileiro
In the last month, 4 experts released ratings on this stock with an average target price of $17.25.
- Reflecting concerns, an analyst from B of A Securities lowers its rating to Neutral with a new price target of $16.
- In a positive move, an analyst from HSBC has upgraded their rating to Buy and adjusted the price target to $18.
- An analyst from Goldman Sachs has decided to maintain their Buy rating on Petrobras Brasileiro, which currently sits at a price target of $17.
- An analyst from UBS persists with their Buy rating on Petrobras Brasileiro, maintaining a target price of $17.
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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