Bearish flow noted in Petrobras with 14,150 puts trading, or 2x expected. Most active are Apr-24 17 puts and Apr-24 16 puts, with total volume in those strikes near 12,000 contracts. The Put/Call Ratio is 3.69, while ATM IV is up over 1 point on the day. Earnings are expected on March 7th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on PBR:
- Inconclusive Drilling Proves Little Problem for Petrobras (NYSE:PBR)
- Petrobras call volume above normal and directionally bullish
- Valaris in offshore drillship deal with Petrobras valued at $519M
- Shell (NYSE:SHEL) Enters Five-Year Oil Supply Deal with Qatar
- Seadrill announces contracts in Brazil valued at about $1.1B
