Petrobras call volume above normal and directionally bullish
The Fly

Petrobras call volume above normal and directionally bullish

Bullish option flow detected in Petrobras with 10,433 calls trading, 1.3x expected, and implied vol increasing over 1 point to 45.98%. Mar-23 11 calls and Mar-23 7 puts are the most active options, with total volume in those strikes near 5,800 contracts. The Put/Call Ratio is 0.63. Earnings are expected on May 9th.

Published first on TheFly

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