Petrobras Buy Write Banks Upcoming Dividend, Offers Potential For 57% Annualized Return Next Five Weeks

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%.