Investors with a lot of money to spend have taken a bullish stance on Petrobras Brasileiro PBR.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with PBR, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 22 uncommon options trades for Petrobras Brasileiro.
This isn't normal.
The overall sentiment of these big-money traders is split between 77% bullish and 18%, bearish.
Out of all of the special options we uncovered, 12 are puts, for a total amount of $4,721,123, and 10 are calls, for a total amount of $641,384.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $15.0 to $20.0 for Petrobras Brasileiro over the recent three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $15.0 to $20.0 in the last 30 days.
Petrobras Brasileiro 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PBR | PUT | TRADE | BULLISH | 05/17/24 | $5.5 | $3.0 | $3.52 | $20.00 | $3.5M | 40.2K | 0 |
| PBR | PUT | TRADE | BULLISH | 06/21/24 | $0.38 | $0.31 | $0.32 | $15.00 | $560.0K | 32.7K | 17.5K |
| PBR | CALL | SWEEP | BULLISH | 05/17/24 | $1.28 | $1.22 | $1.28 | $16.00 | $136.5K | 929 | 837 |
| PBR | PUT | SWEEP | BULLISH | 05/17/24 | $0.77 | $0.7 | $0.7 | $17.00 | $125.7K | 6.2K | 6.8K |
| PBR | CALL | SWEEP | BULLISH | 05/17/24 | $0.4 | $0.36 | $0.4 | $17.00 | $94.1K | 13.4K | 9.1K |
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.
Having examined the options trading patterns of Petrobras Brasileiro, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Petrobras Brasileiro's Current Market Status
- Trading volume stands at 12,155,328, with PBR's price up by 1.14%, positioned at $17.25.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 11 days.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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