Petrobras Brasileiro Unusual Options Activity For October 31
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Petrobras Brasileiro (NYSE:PBR) as evidenced by unusual options activity. The sentiment among these big-money traders is split between 70% bullish and 30% bearish. The mean open interest for Petrobras Brasileiro options trades today is 22469.29 with a total volume of 12,055.00. Whales have been targeting a price range from $12.0 to $30.0 for Petrobras Brasileiro over the last 3 months.
October 31, 2023 | 6:16 pm
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Unusual options activity indicates a significant bullish stance on Petrobras Brasileiro. This could potentially drive the stock price up in the short term.
The unusual options activity, with a 70% bullish sentiment among big-money traders, indicates a strong belief in the stock's potential to rise. This could lead to increased buying pressure, driving the stock price up in the short term.
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