Warner Bros. Discovery Executive Moves Spark Speculation

Warner Bros. Discovery Sees Unusual Options Activity Ahead of Earnings Release

Warner Bros. Discovery (NASDAQ: WBD) has seen an unusual surge in options activity ahead of its upcoming earnings release, according to data from Benzinga Pro.

As of April 1, there were over 4,000 put options traded on WBD, with the majority of those trades occurring in the $28 to $30 strike price range. This is significantly higher than the average daily volume of put options traded on the stock.

In addition to the put options, there were also over 2,000 call options traded on WBD, with the majority of those trades occurring in the $35 to $40 strike price range. This is also higher than the average daily volume of call options traded on the stock.

The unusual options activity is likely due to the upcoming earnings release for Warner Bros. Discovery, which is expected to be a significant event for the company. The stock has been trending higher in recent weeks, and the options activity may be a sign that investors are positioning themselves for a potential move higher.

It's worth noting that the options activity is not necessarily a guarantee of the stock's direction, and investors should continue to monitor the situation and do their own due diligence before making any investment decisions.