Petrobras has been rallying, and options traders could to be following the move.
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Options Alert: Mega Call Spreads Target Historic Level in Brazilian Energy Stock
For the second session in a row, options traders targeted a key level in South American oil driller Petrobras. Check out this large bullish call spread Monday in Rio De Janeiro-based PBR: A block of 40,000 January 14 calls was purchased for $0.50. An equal number of...
Energy Stocks Are Crushing the Market in 2022 and Nothing Else Is Even Close
Oil and gas stocks are crushing the market this year, and no other sector even comes close. The SDPR Energy Fund (XLE) has advanced 17.7 percent since the end of December. It's the only major sector fund in the green, flying past the S&P 500's 8.6 percent decline....
Chart of the Day: South American Energy Giant May Be Attempting a Breakout
Emerging markets have mostly struggled lately as the U.S. dollar climbed. That may have created an opportunity in Brazilian energy driller Petrobras. Unlike other oil giants like Exxon Mobil and Chevron, PBR has barely moved in the last month as crude oil jumped....
Oil and Gas Are Back in Focus as Winter Approaches and Demand Rebounds
Bullish catalysts seem to be increasing in the oil and natural-gas markets as demand rebounds and winter-heating season approaches. OPEC surprised investors on Monday by forecasting that global oil demand will hit new all-time highs in 2021, above pre-pandemic levels....
Energy Is Crushing the Market in 2021. Here Are the Top Stocks for Options Traders
Energy stocks are having their best run in years as global economies reopen from the coronavirus pandemic. The SPDR Energy ETF (XLE) is in the midst of its fourth straight positive month, its longest winning streak since June 2014. The fund has appreciated 53 percent...
Forget about China and Brexit. This Country’s on the Move
Brazilian stocks are ripping today as its government prepares for a huge legal change. Lawmakers in Brasilia are set to overhaul the country's pension system, considered the biggest weight on its finances. The reform would save about $200 billion over a decade by...
South American Oil Giant Gets Big Vote of Confidence: Options Recap
Brazilian markets are running higher, and yesterday an investor placed a big vote of confidence in the nation's most important stock. A large put sale occurred in Petrobras (PBR) minutes after the opening bell. The transaction was unusually bullish, looking for the...
Brazilian ETF Rips Higher on Hopes of Major Pension Fix
Brazil's soccer team isn't the only winner in the country this month. Its pro-business President is also nearing his first big victory, and the stock market's loving it. The iShares MSCI Brazil ETF (EWZ) has risen 7 percent so far this month. That makes it the top...