# Brazil Traders Just Made A Huge Bet In Currency Options Market

> Options traders bought about $1.4 billion of USD/BRL call contracts with a 3.5 strike, with volume about 25 times average, as the real traded near 3.5 per dollar, its lowest in 11 months. Analysts cite worries over the Palocci testimony in the Carwash graft probe and a Supreme Court move that could free Lula.

- Date: 2018-04-26 · published 2018-04-26T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/65704-brazil-traders-just-made-a-huge-bet-in-currency-options-market
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Expected real volatility and possible political shocks can move the currency sharply, which changes Brazilian export competitiveness and the dollar cost of soybean and corn exports.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2023-01-09 | [Brazil's Currency Falls Vs. Dollar After Riot by Bolsonaro Supporters - Markets Insider](https://feedsoft.ai/events/37983-brazil-s-currency-falls-vs-dollar-after-riot-by-bolsonaro-supporters-markets.md) | -3.0% | -1.0% |
| USDBRL | 2018-05-22 | [brazil-currency-weakness-halts-the-interest-rate-cuts](https://feedsoft.ai/events/9714-brazil-currency-weakness-halts-the-interest-rate-cuts.md) | +0.5% | +0.6% |
| USDBRL | 2023-02-11 | [Clash Over Brazil’s Inflation Target Is Having an Impact on Its Markets](https://feedsoft.ai/events/37528-clash-over-brazil-s-inflation-target-is-having-an-impact-on-its-markets.md) | -1.4% | -0.3% |
| USDBRL | 2024-12-19 | [Why Brazil’s currency is plunging](https://feedsoft.ai/events/27149-why-brazil-s-currency-is-plunging.md) | -0.5% | -2.5% |
| USDBRL | 2026-09-01 | [Election Angst Fuels Bruising Week in Brazil Markets](https://feedsoft.ai/events/18109-election-angst-fuels-bruising-week-in-brazil-markets.md) | -1.9% | +1.0% |

## Sources

- investors.com: https://www.investors.com/research/options/brazil-traders-currency-options/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.