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Warner Bros. Discovery put volume heavy and directionally bearish
The Fly

Warner Bros. Discovery put volume heavy and directionally bearish

Bearish flow noted in Warner Bros. Discovery with 20,449 puts trading, or 2x expected. Most active are 3/1 weekly 9 puts and Jun-24 7.5 puts, with total volume in those strikes near 16,600 contracts. The Put/Call Ratio is 5.37, while ATM IV is up over 3 points on the day. Earnings are expected on February 22nd.

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