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Warner Bros. Discovery call volume above normal and directionally bullish

Bullish option flow detected in Warner Bros. Discovery with 37,073 calls trading, 2x expected, and implied vol increasing almost 3 points to 47.56%. 6/30 weekly 12 calls and Jun-23 13 calls are the most active options, with total volume in those strikes near 15,500 contracts. The Put/Call Ratio is 0.35. Earnings are expected on August 3rd.

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Published first on TheFly

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