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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 15,894 calls trading, 1.1x expected, and implied vol increasing over 1 point to 40.88%. 7/5 weekly 7.5 calls and Sep-24 10 calls are the most active options, with total volume in those strikes near 7,600 contracts. The Put/Call Ratio is 0.16. Earnings are expected on August 1st.

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