Bullish option flow detected in Warner Bros. Discovery (WBD) with 29,968 calls trading, 1.9x expected, and implied vol increasing over 4 points to 42.19%. Jan-25 12.5 calls and 12/13 weekly 11.5 calls are the most active options, with total volume in those strikes near 6,700 contracts. The Put/Call Ratio is 0.21. Earnings are expected on February 21st.
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