Bullish option flow detected in Warner Bros. Discovery (WBD) with 15,993 calls trading, 1.1x expected, and implied vol increasing almost 4 points to 67.64%. May-25 9 calls and 5/9 weekly 8.5 puts are the most active options, with total volume in those strikes near 11,100 contracts. The Put/Call Ratio is 0.48. Earnings are expected on May 8th.
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