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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 8,288 puts trading, or 2.0x expected. Most active are 10/25 weekly 14 puts and 10/11 weekly 13.5 puts, with total volume in those strikes near 4,300 contracts. The Put/Call Ratio is 1.69, while ATM IV is up nearly 7 points on the day. Earnings are expected on November 7th.

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