Bearish flow noted in Warner Bros. Discovery with 16,795 puts trading, or 1.4x expected. Most active are Sep-23 12.5 puts and Mar-23 15.5 calls, with total volume in those strikes near 7,500 contracts. The Put/Call Ratio is 2.06, while ATM IV is up nearly 4 points on the day. Earnings are expected on April 26th.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on WBD:
- Warner Bros.’ HBO Max to get thousands of shows at no extra cost, Bloomberg says
- Warner Bros. pushes ‘Suicide Squad’ game release again, Bloomberg says
- This S&P 500 Stock has Outperformed Tesla in 2023
- Warner Bros. Discovery put volume heavy and directionally bearish
- Warner Bros. Discovery sues Paramount over ‘South Park,’ WSJ reports