wwwPosted Apr 14th 2008 2:05PM by Paul Foster
Filed under: Options
Petrobras (NYSE:PBR) is recently up $9.03 to $121.77. Bloomberg CEO says needs time to verify data from Sergio Mantega oil field. PBR call option volume of 63,743 contracts compares to put volume of 13,145 contracts. PBR May 120 straddle is priced at $8.10, according to Track Data, suggesting larger price risk.
Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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