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Looking At Petrobras Brasileiro's Recent Whale Trades

Benzinga logo Benzinga 5/20/2022 Benzinga Insights

A whale with a lot of money to spend has taken a noticeably bullish stance on Petrobras Brasileiro.

Looking at options history for Petrobras Brasileiro (NYSE:PBR) we detected 14 strange trades.

If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.

From the overall spotted trades, 8 are puts, for a total amount of $292,592 and 6, calls, for a total amount of $309,955.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $12.0 to $15.0 for Petrobras Brasileiro over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $12.0 to $15.0 in the last 30 days.

Petrobras Brasileiro Option Volume And Open Interest Over Last 30 Days

Options Call Chart Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
PBR CALL TRADE BULLISH 07/15/22 $12.00 $69.0K 12.9K 419
PBR CALL TRADE BULLISH 07/15/22 $12.00 $68.6K 12.9K 619
PBR PUT SWEEP BEARISH 07/15/22 $13.00 $62.4K 11.2K 83
PBR CALL TRADE BEARISH 10/21/22 $14.00 $58.4K 2.8K 0
PBR CALL SWEEP BULLISH 07/15/22 $12.00 $56.1K 12.9K 1.0K

Where Is Petrobras Brasileiro Standing Right Now?

With a volume of 6,457,890, the price of PBR is up 2.32% at $15.42. RSI indicators hint that the underlying stock may be approaching overbought. Next earnings are expected to be released in 75 days.

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.

If you want to stay updated on the latest options trades for {d[company_name]}, Benzinga Progives you real-time options trades alerts.

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