Mixed options sentiment in Warner Bros. Discovery (WBD), with shares up 12c, or 0.48%, near $24.00. Options volume roughly in line with average with 85k contracts traded and calls leading puts for a put/call ratio of 0.89, compared to a typical level near 0.53. Implied volatility (IV30) dropped 5.66 near 50.09,and above the 52wk median, suggesting an expected daily move of $0.76. Put-call skew steepened, indicating increased demand for downside protection.
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