Bullish option flow detected in Warner Bros. Discovery with 18,710 calls trading, 7x expected, and implied vol increasing almost 2 points to 60.24%. Apr-23 16.5 calls and 4/6 weekly 14.5 puts are the most active options, with total volume in those strikes near 18,500 contracts. The Put/Call Ratio is 0.09. Earnings are expected on April 26th.
Published first on TheFly
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