Petrobras call volume above normal and directionally bullish

Bullish option flow detected in Petrobras with 35,460 calls trading, 3x expected, and implied vol increasing over 2 points to 30.03%. Sep-24 16 calls and 8/30 weekly 15.5 calls are the most active options, with total volume in those strikes near 7,800 contracts. The Put/Call Ratio is 0.36. Earnings are expected on November 7th.