Mixed options sentiment in Warner Bros. Discovery (WBD), with shares up $1.90, or 10.37%, near $20.22. Options volume nearly triple the daily average with 215k contracts traded and calls leading puts for a put/call ratio of 0.5, compared to a typical level near 0.55. Implied volatility (IV30) dropped 17.38 near 45.59,and below the 52wk median, suggesting an expected daily move of $0.58. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Warner Bros. Discovery (WBD) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WBD:
- Warner Bros. Discovery price target raised to $25 from $18 at Benchmark
- Midday Fly By: GM, Coca-Cola report Q3 beats
- Warner Bros. Discovery raises HBO Max prices
- Netflix, Comcast interested in Warner Bros. studios, Bloomberg says
- Comcast, Netflix interested in Warner Bros. Discovery deal, CNBC’s Faber says