Option traders moderately bearish in Warner Bros. Discovery (WBD), with shares up 19c, or 0.7%, near $27.28. Options volume relatively light with 27k contracts traded and puts leading calls for a put/call ratio of 10.37, compared to a typical level near 3.97. Implied volatility (IV30) is higher by 1.6 points near 17.84,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.31. Put-call skew steepened, indicating increased demand for downside protection.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WBD:
- Is Netflix’s Price Hike after Warner Bros. Blow a Boon for NFLX Stock? Analysts Weigh In
- Mixed options sentiment in Warner Bros. Discovery with shares up 0.33%
- Netflix (NFLX) Prices Just Got Brutal. Premium Now Nearly $27/Month
- Netflix price target raised to $135 from $125 at Oppenheimer
- Netflix (NFLX) Raises Subscription Prices Across All Streaming Tiers