Bullish Options Positioning in Petrobras (PBR) Targets Upside in Shares Amid Presidential Elections in Brazil -Susquehanna
Susquehanna options strategist Alison Edwards notes continued bullish options Petrobras (NYSE: PBR), as an investor in bought 10 Nov 16/18 call spreads. This continues the trend of bullish positioning in Brazilian names as investors appear optimistic on the Brazilian economy following the first round of the presidential election where far-right candidate Jair Bolsonaro came out on top, but failed to capture a majority.