Bearish flow noted in Warner Bros. Discovery with 75,478 puts trading, or 4x expected. Most active are 5/10 weekly 7 puts and 4/26 weekly 9 calls, with total volume in those strikes near 73,600 contracts. The Put/Call Ratio is 5.98, while ATM IV is up over 1 point on the day. Earnings are expected on May 9th.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>