Primary read
Bearish
Put-side pressure
Ticker Options Intelligence
PBR options intelligence
Petroleo Brasileiro Petrobras SA ADR options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
43
Market data through 29 Jul 2026
Checked 30 Jul 2026 03:44 · complete available chain
Put-side pressure
Bearish pressure
PBR currently carries bearish options pressure with a 43/100 conviction score. The nearest-chain expected move is 2.8%, with volume/open-interest participation at 0.02.
Expected move
2.8%
Near-term move context
Activity / OI
0.02
Current volume is quieter versus prior open interest
Put-call
1.51
Put-side skew
Trend fit
82
Options agree with trend context
Weekly backdrop
+4.5%
RS 15.9
Expected move
2.8%
Put-call volume
1.51
Volume / OI
0.02
Reference IV
0.47
Max pain
17.50
Underlying
18.77
Nearest expiry
31 Jul 2026
Contracts
549
Options Intent Radar
Put-heavy activity
Put-side activity dominates. This can reflect hedging or directional positioning, but the chain alone cannot distinguish buying from selling.
Put-side pressure is building while price is rising, a cautionary divergence.
Put-heavy activity matters because it connects the options headline to the actual evidence: $4.4M of estimated gross traded notional, puts · 91+ days · itm, and a bearish flow against rising price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure-21
1W price+4.5%
Call premium36%
Put premium64%
Notional split
C 36% / P 64%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.02
Volume divided by open interest across the visible chain.
Trend fit
82/100
Agreement between options pressure and Sharemaestro market context.
Event window
6 Aug
Matched earnings event is 7 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Puts · 91+ days · ITM
puts cluster with 1690 contracts traded, $1.4M estimated gross traded notional, and 32% of visible notional.
$1.4M
Calls · 91+ days · ITM
calls cluster with 1554 contracts traded, $534488 estimated gross traded notional, and 12% of visible notional.
$534488
Puts · 91+ days · OTM
puts cluster with 16163 contracts traded, $513994 estimated gross traded notional, and 12% of visible notional.
$513994
Puts · 46-90 days · ITM
puts cluster with 1012 contracts traded, $503965 estimated gross traded notional, and 11% of visible notional.
$503965
Calls · 91+ days · OTM
calls cluster with 3487 contracts traded, $208604 estimated gross traded notional, and 5% of visible notional.
$208604
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
Activity Anomaly
High anomaly
Current options activity is unusually hot versus this ticker's stored history.
Volume rank100th
Volume/OI rank100th
IV rank100th
Market Context
Underlying confirmation
Close18.77
1W+4.5%
RS15.9
Fair value+42.0%
Options pressure-21
Speculation41
Volatility44
Trend fit82
Today Versus Normal
Stored-options context
30d avg 5.1% · 1 read
0th
90d avg 5.1% · 1 read
0th
180d avg 5.1% · 1 read
0th
30d avg 0.29 · 1 read
100th
90d avg 0.29 · 1 read
100th
180d avg 0.29 · 1 read
100th
30d avg 0.99 · 1 read
100th
90d avg 0.99 · 1 read
100th
180d avg 0.99 · 1 read
100th
30d avg 0.01 · 1 read
100th
90d avg 0.01 · 1 read
100th
180d avg 0.01 · 1 read
100th
Pressure Trail
Recent pressure and volatility
29 Jul 10:01
Mixed
Pressure 0
Move 5.1%
30 Jul 02:44
Bearish
Pressure -21
Move 2.8%
Strike Map
Where activity is clustering
Strike11.00
Calls · V 2 · OI 16
Puts · V 1 · OI 4
Strike12.00
Calls · V 7 · OI 20
Puts · V 0 · OI 0
Strike13.00
Calls · V 2 · OI 9
Puts · V 0 · OI 0
Strike13.50
Calls · V 2 · OI 9
Puts · V 0 · OI 0
Strike14.00
Calls · V 1 · OI 61
Puts · V 20 · OI 2273
Strike14.50
Calls · V 1 · OI 3
Puts · V 4 · OI 51
Strike15.00
Calls · V 1 · OI 20
Puts · V 10 · OI 1106
Strike15.50
Calls · V 100 · OI 100
Puts · V 6 · OI 90
Term Structure
Expiration activity
Expiry31 Jul 2026
Contracts48
Avg IV0.47
Put-call1.13
Expiry7 Aug 2026
Contracts49
Avg IV0.52
Put-call0.41
Expiry14 Aug 2026
Contracts40
Avg IV0.54
Put-call0.30
Expiry21 Aug 2026
Contracts58
Avg IV0.39
Put-call1.07
Expiry28 Aug 2026
Contracts25
Avg IV0.51
Put-call0.34
Skew
Call/put IV balance
31 Jul 2026Call IV premium
Call IV0.49
Put IV0.44
Skew-0.05
7 Aug 2026Call IV premium
Call IV0.49
Put IV0.41
Skew-0.08
14 Aug 2026Balanced skew
Call IV0.48
Put IV0.50
Skew0.03
21 Aug 2026Balanced skew
Call IV0.38
Put IV0.41
Skew0.03
28 Aug 2026Put IV premium
Call IV0.36
Put IV0.45
Skew0.09
Contract Tape
Most active contracts
ContractPBR260828C00012500
SideCall
Expiry28 Aug 2026
Strike12.50
Volume-
OI-
IV0.73
ContractPBR261016C00007000
SideCall
Expiry16 Oct 2026
Strike7.00
Volume-
OI-
IV0.84
ContractPBR260814C00020500
SideCall
Expiry14 Aug 2026
Strike20.50
Volume-
OI302
IV0.49
ContractPBR260918P00035000
SidePut
Expiry18 Sep 2026
Strike35.00
Volume-
OI200
IV1.56
ContractPBR260828P00020000
SidePut
Expiry28 Aug 2026
Strike20.00
Volume-
OI190
IV0.58
ContractPBR270617P00008000
SidePut
Expiry17 Jun 2027
Strike8.00
Volume-
OI150
IV0.52
ContractPBR260814C00015500
SideCall
Expiry14 Aug 2026
Strike15.50
Volume-
OI115
IV1.61
ContractPBR260807P00014000
SidePut
Expiry7 Aug 2026
Strike14.00
Volume-
OI100
IV1.54
Research Graph
Related research and context
Sharemaestro research
Related News
Market Watch
No recent market-watch posts yet.
Earnings
Plain English Guide
Options context
What usually looks constructive
What usually looks cautious
Options can move quickly and can lose value fast. Treat this as research context, not a buy or sell instruction.