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Petrobras put volume heavy and directionally bearish
The Fly

Petrobras put volume heavy and directionally bearish

Bearish flow noted in Petrobras with 21,589 puts trading, or 1.7x expected. Most active are Jul-24 13 puts and Jul-24 12 puts, with total volume in those strikes near 15,200 contracts. The Put/Call Ratio is 2.16, while ATM IV is up over 6 points on the day. Earnings are expected on August 8th.

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