11:45am (EST)
We have a Profit Alert this morning so let’s go check the tape.
Profit Alert!
Petróleo Brasileiro (PBR, $16.17, up $0.38)
PBR October 16 calls (PBR231020C00016000, $0.36, up $0.17)
Entry Price: $0.35 (9/14/2023)
Exit Target: $0.70
Return: 3%
Stop Target: None
Action: Close the trade at current levels for a slight profit. We can revisit PBR at a later date.