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Warner Bros. Discovery call volume above normal and directionally bullish

Bullish option flow detected in Warner Bros. Discovery with 23,195 calls trading, 2x expected, and implied vol increasing over 2 points to 44.53%. Apr-24 15 calls and Nov-23 10 calls are the most active options, with total volume in those strikes near 18,000 contracts. The Put/Call Ratio is 0.41. Earnings are expected on February 22nd.

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