Bullish option flow detected in Warner Bros. Discovery (WBD) with 14,408 calls trading, 1.0x expected, and implied vol increasing over 2 points to 63.68%. Oct-25 10 calls and Dec-25 10 calls are the most active options, with total volume in those strikes near 6,000 contracts. The Put/Call Ratio is 0.26. Earnings are expected on May 8th.
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- Warner Bros. Discovery call volume above normal and directionally bullish