Warner Bros. Discovery call volume above normal and directionally bullish

Bullish option flow detected in Warner Bros. Discovery with 23,250 calls trading, 1.3x expected, and implied vol increasing over 3 points to 58.49%. 5/10 weekly 8 calls and 5/10 weekly 7 puts are the most active options, with total volume in those strikes near 9,400 contracts. The Put/Call Ratio is 0.54. Earnings are expected on May 9th.