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Warner Bros. Discovery call volume above normal and directionally bullish

Bullish option flow detected in Warner Bros. Discovery (WBD) with 10,012 calls trading, 1.0x expected, and implied vol increasing over 1 point to 64.87%. May-25 10 calls and Jan-26 12.5 calls are the most active options, with total volume in those strikes near 4,600 contracts. The Put/Call Ratio is 0.28. Earnings are expected on May 8th.

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