Bullish option flow detected in Warner Bros. Discovery (WBD) with 26,771 calls trading, 2x expected, and implied vol increasing almost 20 points to 69.06%. Dec-25 9 calls and Jun-25 10 calls are the most active options, with total volume in those strikes near 7,400 contracts. The Put/Call Ratio is 0.34. Earnings are expected on May 8th.
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