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: Jan 15, 2027
Days to expiration: 96
Share price: $25.30
Put/call ratio (OI): 1.43
Put/call ratio (volume): 0.05
ATM implied volatility: 44.6%
Expected move: ±$5.79
Open interest (C / P): 218.04K / 312.53K

PBR options summary

The PBR options chain for the January 15, 2027 expiration lists 28 call and 22 put contracts, with 96 days until expiration. Open interest stands at 218,039 calls and 312,527 puts, a put/call ratio of 1.43, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $25.00 strike is 44.6%, which implies the market expects a move of about ±$5.79 (22.9%) in Petroleo Brasileiro S.A. Petrobras stock by expiration.

The most open interest sits at the $20.00 call (86.24K contracts) and the $10.00 put (96.67K contracts).

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

PBR options chain · January 15, 2027

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
7	2	568.4%	21.70	20.15	24.25	3.00	0.00	0.00	0.02	50.0%	1	0
0	3	—	16.37	10.85	15.00	5.00	0.00	2.13	0.06	297.3%	1	478
67	6	268.9%	9.99	15.20	19.25	8.00	0.00	0.30	0.01	128.5%	7	24,125
0	—	—	9.82	11.05	11.45	9.00	0.00	2.15	0.08	193.2%	—	1
320	3	224.5%	13.15	13.20	17.30	10.00	0.02	0.05	0.02	82.8%	15	96,673
0	—	—	7.82	9.05	9.50	11.00	0.00	0.08	0.04	76.6%	5	18
5,408	1	86.5%	11.95	11.60	15.30	12.00	0.00	0.44	0.04	94.0%	8	54,018
5	170	172.4%	4.65	10.25	14.30	13.00	0.00	2.17	0.08	134.4%	1	206
18	9	62.1%	7.10	9.45	13.30	14.00	0.00	0.20	0.05	65.4%	5	2,496
21,079	3	67.8%	10.54	10.15	10.50	15.00	0.06	0.29	0.08	65.8%	10	54,476
68	10	72.8%	9.42	7.25	9.70	16.00	0.05	0.31	0.08	59.4%	5	4,466
25,975	2,288	54.1%	8.34	8.15	8.50	17.00	0.03	0.36	0.12	53.8%	40	47,373
1,629	40	57.9%	7.30	7.30	7.70	18.00	0.10	0.43	0.20	51.5%	12	1,164
783	42	52.9%	6.52	6.35	6.75	19.00	0.01	0.51	0.26	55.2%	15	1,652
86,239	50	52.7%	5.55	4.70	5.95	20.00	0.35	0.63	0.42	52.0%	8	18,291
1,156	212	45.4%	4.80	4.60	4.95	21.00	0.34	0.70	0.64	46.8%	11	418
26,305	64	42.1%	3.94	3.90	4.10	22.00	0.58	1.65	0.86	62.4%	1	5,394
836	8	45.8%	3.29	2.95	3.60	23.00	0.87	3.25	1.03	62.2%	116	198
775	17	48.4%	2.68	2.56	3.15	24.00	—	—	—	—	—	—
26,751	1,405	38.7%	2.10	2.00	2.15	25.00	1.92	3.00	1.99	50.6%	78	1,025
PBR $25.30
2,425	145	47.4%	1.76	1.61	2.16	26.00	2.07	4.00	2.38	50.8%	107	0
7,817	2,424	39.9%	1.20	1.24	1.40	27.00	5.05	9.00	9.27	115.9%	—	1
3,317	1,895	38.6%	1.01	0.95	1.03	28.00	—	—	—	—	—	—
733	563	39.1%	0.78	0.72	0.81	29.00	—	—	—	—	—	—
2,929	968	39.8%	0.58	0.35	0.64	30.00	3.60	7.65	7.00	88.0%	60	54
22	22	63.5%	0.32	0.39	2.58	31.00	—	—	—	—	—	—
30	9	66.0%	0.22	0.30	2.49	32.00	—	—	—	—	—	—
3,345	3	44.9%	0.25	0.04	0.25	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 January 15, 2027 expiration, the PBR put/call ratio based on open interest is 1.43 (312,527 puts vs 218,039 calls), and 0.05 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 January 15, 2027 is about 44.6%, 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.