Financial giants have made a conspicuous bearish move on Petrobras Brasileiro. Our analysis of options history for Petrobras Brasileiro (NYSE:PBR) revealed 8 unusual trades.
Delving into the details, we found 25% of traders were bullish, while 75% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $101,210, and 4 were calls, valued at $440,012.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $8.0 to $17.0 for Petrobras Brasileiro over the recent three months.
Insights into Volume & Open Interest
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 $8.0 to $17.0 in the last 30 days.
Petrobras Brasileiro 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PBR | CALL | TRADE | BEARISH | 01/16/26 | $2.77 | $2.7 | $2.7 | $13.00 | $270.0K | 3.4K | 1.0K |
| PBR | CALL | TRADE | BEARISH | 01/16/26 | $7.05 | $6.95 | $6.95 | $8.00 | $78.5K | 0 | 113 |
| PBR | CALL | TRADE | BEARISH | 01/16/26 | $2.86 | $2.7 | $2.7 | $13.00 | $54.0K | 3.4K | 3.2K |
| PBR | CALL | SWEEP | BEARISH | 08/16/24 | $3.05 | $2.95 | $2.95 | $12.00 | $37.4K | 148 | 127 |
| PBR | PUT | SWEEP | BEARISH | 06/21/24 | $2.55 | $2.03 | $2.55 | $17.00 | $25.5K | 2.6K | 100 |
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.
Where Is Petrobras Brasileiro Standing Right Now?
- Currently trading with a volume of 11,229,737, the PBR's price is down by -0.4%, now at $14.83.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 69 days.
Expert Opinions on Petrobras Brasileiro
1 market experts have recently issued ratings for this stock, with a consensus target price of $17.7.
- An analyst from Jefferies has revised its rating downward to Hold, adjusting the price target to $17.
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.