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Warner Bros. Discovery call volume above normal and directionally bullish

Bullish option flow detected in Warner Bros. Discovery with 52,007 calls trading, 6x expected, and implied vol increasing over 1 point to 61.43%. Oct-24 12.5 calls and Jul-24 9 calls are the most active options, with total volume in those strikes near 28,700 contracts. The Put/Call Ratio is 0.11. Earnings are expected on August 7th.

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