Big-name investors are making bullish moves on Petrobras Brasileiro (PBR), signaling a noteworthy shift in market sentiment. While the identities of these financial players remain a mystery, their actions suggest insider knowledge and confidence in the company’s trajectory.
Today, options data analysis carried out by Benzinga reveals 33 unique trades involving Petrobras Brasileiro, a departure from the norm and indicative of significant interest in the stock.
A divided sentiment prevails among these major investors, with 54% exhibiting bullishness and 45% leaning bearish. Notably, the options activity comprises one put amounting to $97,061 and 32 calls totaling $2,508,387.
Price Expectations and Forecast
Market activities signify an anticipated price range of $12.0 to $22.0 for Petrobras Brasileiro over the coming three months, as indicated by the recent trading patterns.
Volume and Open Interest Analysis
Examining liquidity and demand, the mean open interest for Petrobras Brasileiro options stands at 11285.7, with a total volume of 45,980.00.
The chart below tracks the evolution of volume and open interest in call and put options for Petrobras Brasileiro within a strike price range of $12.0 to $22.0 over the past 30 days.
Recent Options Activity of Petrobras Brasileiro
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PBR | CALL | TRADE | BULLISH | 04/19/24 | $16.00 | $216.3K | 23.5K | 1.2K |
| PBR | CALL | TRADE | BULLISH | 04/19/24 | $18.00 | $216.0K | 7.8K | 3.1K |
| PBR | CALL | SWEEP | BULLISH | 01/16/26 | $12.00 | $208.1K | 6.5K | 390 |
| PBR | CALL | SWEEP | BEARISH | 04/19/24 | $18.00 | $190.9K | 7.8K | 5.9K |
| PBR | CALL | TRADE | BULLISH | 01/17/25 | $12.00 | $189.0K | 14.8K | 351 |
About Petrobras Brasileiro
Petrobras is a Brazil-based integrated energy company under the government’s control. It specifically focuses on oil and gas exploration and production in Brazilian offshore fields. The company recorded a production of 2.7 million barrels of oil equivalent per day in 2022, with reserves amounting to 10.5 billion boe, primarily oil. Additionally, Petrobras owns and operates 11 refineries in Brazil with a combined capacity of 1.9 million barrels per day, serving as a key distributor of refined products and natural gas throughout Brazil.
Given the recent options activity surrounding Petrobras Brasileiro, exploring the company’s current performance becomes crucial.
Current Status of Petrobras Brasileiro
- With a trading volume of 10,524,655, Petrobras Brasileiro’s stock is down by -0.23% at a price of $17.01.
- RSI indicators suggest that the stock may be nearing overbought conditions.
- The next earnings release is expected in 31 days.
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