Bullish option flow detected in Warner Bros. Discovery with 26,975 calls trading, 1.3x expected, and implied vol increasing over 5 points to 61.00%. Jan-24 15 calls and Jan-24 12.5 puts are the most active options, with total volume in those strikes near 14,600 contracts. The Put/Call Ratio is 0.65. Earnings are expected on May 5th.
Published first on TheFly
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