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.