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Warner Bros. Discovery call volume above normal and directionally bullish
The Fly

Warner Bros. Discovery call volume above normal and directionally bullish

Bullish option flow detected in Warner Bros. Discovery with 2,988 calls trading, 1.2x expected, and implied vol increasing almost 2 points to 63.93%. 3/22 weekly 12 calls and Mar-24 10 calls are the most active options, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 0.25. Earnings are expected on February 23rd.

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