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Petrobras Buy Write Banks Upcoming Dividend, Offers Potential For 57% Annualized Return Next Five Weeks
![Petrobras Buy Write Banks Upcoming Dividend, Offers Potential For 57% Annualized Return Next Five Weeks Petrobras Buy Write Banks Upcoming Dividend, Offers Potential For 57% Annualized Return Next Five Weeks](https://i0.wp.com/imageio.forbes.com/specials-images/imageserve/6658b89991a6aca7fc1a0a2b/0x0.jpg?format=jpg&height=900&width=1600&fit=bounds&w=780&resize=780,470&ssl=1)
If we earn the dividend, and if PBR closes above $15.50 at expiration on July 5, our shares will be automatically sold at $15.50, producing a profit of $0.86 per share on $15.05 per share at risk for a total return of 5.71%. Over a 36-day holding period, the annualized return would be 57.9%.
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