How Petrobras’s Implied Volatility Trended on Its Earnings Day



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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