Bullish option flow detected in Warner Bros. Discovery (WBD) with 11,919 calls trading, 1.0x expected, and implied vol increasing almost 13 points to 46.05%. May-25 10 puts and Oct-25 13 calls are the most active options, with total volume in those strikes near 4,800 contracts. The Put/Call Ratio is 0.37. Earnings are expected on May 8th.
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