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How Petrobras’s Implied Volatility Trended on Its Earnings Day

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PBR’s implied volatility

Petrobras (PBR) posted its earnings after the Market closed on August 11, 2016. On the day, in anticipation of the results, PBR’s implied volatility fell by 3.7% to 61.4. On the same day, PBR’s stock price rose by 2.8%.

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Peers’ implied volatilities

On August 11, PBR’s peers PetroChina’s (PTR), YPF’s (YPF), and Cenovus Energy’s (CVE) implied volatilities fell by 6.6%, 0.9% and 5.8%, respectively.

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