Bearish flow noted in Warner Bros. Discovery with 20,449 puts trading, or 2x expected. Most active are 3/1 weekly 9 puts and Jun-24 7.5 puts, with total volume in those strikes near 16,600 contracts. The Put/Call Ratio is 5.37, while ATM IV is up over 3 points on the day. Earnings are expected on February 22nd.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on WBD: