Moderately bullish activity in Warner Bros. Discovery with shares up 1.67%

Moderately bullish activity in Warner Bros. Discovery (WBD), with shares up 30c, or 1.67%, near $18.29. Options volume roughly in line with average with 63k contracts traded and calls leading puts for a put/call ratio of 0.34, compared to a typical level near 0.41. Implied volatility (IV30) is higher by 1.0 points near 67.83, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.78. Put-call skew flattened, suggesting a modestly bullish tone.