Petrobras Brasileiro (NYSE:PBR) has seen unusual options activity, with a significant bearish stance taken by a whale investor. Of the 13 strange trades detected, 46% were bullish and 53% were bearish. The total amount for puts was $491,315 and for calls was $708,144. Whales have been targeting a price range from $12.0 to $20.0 for Petrobras Brasileiro over the last 3 months. The stock is currently up 1.09% at $14.82. Bradesco Corretora upgraded its action to Outperform with a price target of $15, while Jefferies downgraded its action to Buy with a price target of $21.