PETROLEO BRASILEIRO SA PETROBR
Short
Updated

PBR Petroleo Brasileiro Options Ahead of Earnings

Analyzing the options chain and the chart patterns of PBR Petroleo Brasileiro prior to the earnings report this week,
I would consider purchasing the 17usd strike price Puts with
an expiration date of 2025-1-17,
for a premium of approximately $3.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Trade closed: target reached
PBR traded at $14.49 after earnings, and the Puts went up from $3.20 (when I wrote this article) to $6.40 at the Ask side yesterday, for about 2X gain!

Disclaimer