Bearish flow noted in Petrobras with 11,713 puts trading, or 1.1x expected. Most active are Jan-24 15 puts and Jan-24 12 puts, with total volume in those strikes near 7,900 contracts. The Put/Call Ratio is 2.72, while ATM IV is up nearly 6 points on the day. Earnings are expected on November 9th.
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