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.

You May Also Be Interested In

• Midera Food Processing and Centrus Energy to join S&P SmallCap 600
• Trump: GDP growth should be 12% to 13% - CNBC interview
• Trump dodges divulging if U.S. will take a 5% stake in OpenAI - CNBC Interview