Bullish option flow detected in Warner Bros. Discovery with 51,948 calls trading, 4x expected, and implied vol increasing almost 2 points to 62.43%. May-23 15 calls and 4/28 weekly 13.5 calls are the most active options, with total volume in those strikes near 26,500 contracts. The Put/Call Ratio is 0.17. Earnings are expected on May 5th.
Published first on TheFly
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