Petroleo Brasileiro S.A. Petrobras (PBR) Options Chain

NYSE: PBREnergyOil & Gas ProductionUSD

25.30+0.61 (+2.47%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Dec 18, 2026
Days to expiration: 68
Share price: $25.30
Put/call ratio (OI): 1.53
Put/call ratio (volume): 8.32
ATM implied volatility: 46.9%
Expected move: ±$5.12
Open interest (C / P): 195.06K / 298.03K

PBR options summary

The PBR options chain for the December 18, 2026 expiration lists 27 call and 21 put contracts, with 68 days until expiration. Open interest stands at 195,064 calls and 298,030 puts, a put/call ratio of 1.53, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $25.00 strike is 46.9%, which implies the market expects a move of about ±$5.12 (20.2%) in Petroleo Brasileiro S.A. Petrobras stock by expiration.

The most open interest sits at the $22.00 call (36.12K contracts) and the $13.00 put (67.87K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

PBR options chain · December 18, 2026

PBR calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
0	1	673.8%	15.60	20.15	24.25	3.00	0.00	0.11	0.02	235.9%	1	30
42	15	455.7%	19.50	18.20	22.25	5.00	0.00	2.13	0.03	352.5%	6	294
113	6	318.9%	10.05	15.20	19.25	8.00	0.00	0.12	0.02	130.1%	10,000	11,394
0	—	—	9.82	9.30	13.30	9.00	—	—	—	—	—	—
25	11	266.2%	10.00	13.20	17.30	10.00	0.00	0.40	0.01	132.4%	2	61,968
—	—	—	—	—	—	11.00	0.00	0.22	0.07	106.6%	2	32
146	9	163.4%	13.15	13.10	15.30	12.00	0.00	0.08	0.05	82.0%	1	27
3,408	10	150.6%	12.20	12.15	14.30	13.00	0.00	0.10	0.02	76.6%	6	67,870
15	3	187.4%	9.80	9.25	13.30	14.00	0.00	0.13	0.03	71.9%	21	628
8,646	2	61.7%	10.07	10.15	10.55	15.00	0.00	0.43	0.04	81.8%	9	28,457
18	5	135.7%	9.50	7.30	10.75	16.00	0.00	0.29	0.04	67.2%	2	46,663
17,209	27	71.2%	8.20	8.20	9.00	17.00	0.04	0.11	0.07	52.1%	1	22,571
314	1	50.8%	7.70	7.20	7.65	18.00	0.00	0.34	0.11	54.5%	51	45,883
874	2	102.0%	6.07	4.35	7.80	19.00	0.03	0.22	0.18	50.8%	1	1,007
18,862	26	56.6%	5.40	5.40	5.80	20.00	0.20	0.48	0.27	55.8%	102	6,140
6,362	8	48.4%	5.15	4.35	4.80	21.00	0.31	0.85	0.38	51.4%	18	882
36,121	72	46.8%	3.95	3.55	4.00	22.00	0.15	0.75	0.54	48.3%	148	742
3,103	8	51.7%	3.17	3.00	3.50	23.00	0.62	1.12	0.82	49.6%	135	1,433
24,472	158	44.0%	2.46	2.15	2.60	24.00	0.76	1.27	1.11	43.3%	3	1,049
16,434	292	41.9%	1.90	1.81	1.98	25.00	1.55	2.11	1.70	51.9%	202	928
PBR $25.30
31,250	184	46.2%	1.49	1.21	1.72	26.00	—	—	—	—	—	—
11,177	144	41.5%	1.10	0.89	1.15	27.00	0.79	4.90	3.52	88.6%	3	1
1,504	14	42.0%	0.80	0.73	0.88	28.00	—	—	—	—	—	—
27	16	61.4%	0.64	0.36	1.40	29.00	—	—	—	—	—	—
14,037	262	41.2%	0.45	0.39	0.45	30.00	9.75	13.95	13.40	200.8%	3	31
20	7	43.1%	0.34	0.11	0.37	31.00	—	—	—	—	—	—
10	4	54.9%	0.18	0.01	0.46	33.00	—	—	—	—	—	—
875	1	49.3%	0.13	0.01	0.18	35.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the PBR put/call ratio?

For the December 18, 2026 expiration, the PBR put/call ratio based on open interest is 1.53 (298,030 puts vs 195,064 calls), and 8.32 based on today's volume. A ratio above 1 means more puts than calls.

What is PBR's implied volatility?

At-the-money implied volatility for PBR options expiring December 18, 2026 is about 46.9%, an annualized estimate of how much the market expects Petroleo Brasileiro S.A. Petrobras stock to move.

How many PBR option expiration dates are there?

PBR has 17 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.