Mixed options sentiment in Warner Bros. Discovery with shares up 0.33%

Mixed options sentiment in Warner Bros. Discovery (WBD), with shares up 9c, or 0.33%, near $27.16. Options volume relatively light with 5873 contracts traded and puts leading calls for a put/call ratio of 1.63, compared to a typical level near 3.75. Implied volatility (IV30) dropped 0.33 near 14.44,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.25. Put-call skew steepened, indicating increased demand for downside protection.