Bullish option flow detected in Warner Bros. Discovery with 35,757 calls trading, 5x expected, and implied vol increasing over 1 point to 56.09%. 3/31 weekly 16 calls and 4/6 weekly 15.5 calls are the most active options, with total volume in those strikes near 16,700 contracts. The Put/Call Ratio is 0.18. Earnings are expected on April 26th.
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Published first on TheFly
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