Check Out What Whales Are Doing With PBR

Benzinga's options scanner just detected over 10 options trades for Petrobras Brasileiro PBR summing a total amount of $473,650.

At the same time, our algo caught 7 for a total amount of 392,450.

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 $7.0 to $13.5 for Petrobras Brasileiro over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Petrobras Brasileiro options trades today is 19730.5 with a total volume of 7,969.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Petrobras Brasileiro's big money trades within a strike price range of $7.0 to $13.5 over the last 30 days.

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 PUT TRADE BULLISH 06/16/23 $13.50 $173.6K 0 800
PBR PUT TRADE BULLISH 08/18/23 $11.00 $70.0K 697 1.2K
PBR CALL TRADE BULLISH 06/16/23 $10.00 $39.8K 35.8K 200
PBR CALL TRADE BULLISH 06/16/23 $10.00 $35.6K 35.8K 380
PBR CALL SWEEP BULLISH 06/16/23 $10.00 $35.4K 35.8K 560

Where Is Petrobras Brasileiro Standing Right Now?

  • With a volume of 9,287,224, the price of PBR is up 1.57% at $11.97.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 65 days.

What The Experts Say On Petrobras Brasileiro:

  • Goldman Sachs has decided to maintain their Neutral rating on Petrobras Brasileiro, which currently sits at a price target of $12.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Petrobras Brasileiro, Benzinga Pro gives you real-time options trades alerts.

Market News and Data brought to you by Benzinga APIs
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Posted In: OptionsMarketsBZI-UOA
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