Bullish option flow detected in Warner Bros. Discovery with 10,944 calls trading, 1.1x expected, and implied vol increasing almost 4 points to 59.72%. Apr-23 17.5 calls and 3/24 weekly 13.5 puts are the most active options, with total volume in those strikes near 8,100 contracts. The Put/Call Ratio is 0.40. Earnings are expected on April 26th.
Published first on TheFly
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