Warner Bros. Discovery call volume above normal and directionally bullish

Bullish option flow detected in Warner Bros. Discovery with 2,988 calls trading, 1.2x expected, and implied vol increasing almost 2 points to 63.93%. 3/22 weekly 12 calls and Mar-24 10 calls are the most active options, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 0.25. Earnings are expected on February 23rd.