Warner Bros. Discovery call volume above normal and directionally bullish
The Fly

Warner Bros. Discovery call volume above normal and directionally bullish

Bullish option flow detected in Warner Bros. Discovery with 10,944 calls trading, 1.1x expected, and implied vol increasing almost 4 points to 59.72%. Apr-23 17.5 calls and 3/24 weekly 13.5 puts are the most active options, with total volume in those strikes near 8,100 contracts. The Put/Call Ratio is 0.40. Earnings are expected on April 26th.

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