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Petrobras call volume above normal and directionally bullish

Bullish option flow detected in Petrobras (PBR) with 21,409 calls trading, 1.8x expected, and implied vol increasing almost 2 points to 35.04%. Jul-25 16 calls and 1/24 weekly 13.5 puts are the most active options, with total volume in those strikes near 15,000 contracts. The Put/Call Ratio is 0.45. Earnings are expected on March 6th.

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