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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 (PBR) with 7,104 puts trading, or 1.1x expected. Most active are Jan-25 15 puts and Nov-24 15 calls, with total volume in those strikes near 6,500 contracts. The Put/Call Ratio is 1.58, while ATM IV is up over 1 point on the day. Earnings are expected on November 7th.

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