Mixed options sentiment in Warner Bros. Discovery (WBD), with shares up 93c, or 4.09%, near $23.67. Options volume running well above average with 195k contracts traded and calls leading puts for a put/call ratio of 0.35, compared to a typical level near 0.56. Implied volatility (IV30) dropped 0.59 near 54.1,and above the 52wk median, suggesting an expected daily move of $0.81. Put-call skew steepened, indicating increased demand for downside protection.
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