Petrobras Brasileiro Unusual Options Activity For August 24
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Petrobras Brasileiro (NYSE:PBR) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 15% bullish and 84% bearish. Whales have been targeting a price range from $10.0 to $20.0 for Petrobras Brasileiro over the last 3 months. The price of PBR is down -0.34% at $14.49.
August 24, 2023 | 8:18 pm
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Unusual options activity indicates a bearish stance on Petrobras Brasileiro. The sentiment of big-money traders is 84% bearish, which could potentially impact the stock price.
The unusual options activity and the bearish sentiment of big-money traders indicate that there might be a negative impact on Petrobras Brasileiro's stock price in the short term. The fact that the price of PBR is already down -0.34% supports this analysis.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100