Bearish flow noted in Petrobras with 26,846 puts trading, or 4x expected. Most active are Mar-23 10 puts and Apr-23 9 calls, with total volume in those strikes near 23,400 contracts. The Put/Call Ratio is 2.61, while ATM IV is up nearly 12 points on the day. Earnings are expected on May 9th.
Published first on TheFly
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