Mixed options sentiment in Warner Bros. Discovery (WBD), with shares up 4c, or 0.2%, near $22.46. Options volume relatively light with 47k contracts traded and calls leading puts for a put/call ratio of 0.95, compared to a typical level near 0.49. Implied volatility (IV30) dropped 5.78 near 38.07,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.54. Put-call skew flattened, suggesting a modestly bullish tone.
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