Petrobras Brasileiro Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Petrobras Brasileiro (NYSE:PBR) as indicated by unusual options activity. The sentiment among these big-money traders is split between 36% bullish and 63% bearish. Whales have been targeting a price range from $12.0 to $17.0 for Petrobras Brasileiro over the last 3 months. The price of PBR is currently down -1.24% at $14.31.
August 25, 2023 | 8:15 pm
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Unusual options activity indicates a bearish stance on Petrobras Brasileiro. The sentiment among big-money traders is split between 36% bullish and 63% bearish. The price of PBR is currently down -1.24%.
The unusual options activity, with a significant bearish stance, indicates that there may be a negative sentiment towards Petrobras Brasileiro. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100