Mixed options sentiment in Warner Bros. Discovery with shares down 0.61%

Mixed options sentiment in Warner Bros. Discovery (WBD), with shares down 12c near $19.66. Options volume relatively light with 74k contracts traded and calls leading puts for a put/call ratio of 0.89, compared to a typical level near 0.37. Implied volatility (IV30) dropped 2.25 near 61.88,in the top quartile of the past year, suggesting an expected daily move of $0.77. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Sector Weight at KeyBanc.