Shares of Petrobras were among the biggest beneficiaries on Monday of Jair Bolsonaro's domination of the first round of Brazil's presidential election on Sunday.
PredictIt gives Bolsonaro an 82% chance of winning the runoff at the end of the month, but there isn't much clarity about what sort of economic policies Bolsonaro would enact.
In the event the political environment in Brazil ends up not being favorable to Petrobras, I present two ways shareholders can stay long while limiting their downside risk.
Leading Brazilian presidential candidate Jair Bolsonaro (via Senso Incomum).
Petrobras's Bolsonaro Bounce
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