27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Financial giants have made a conspicuous bullish move on Warner Bros. Discovery. Our analysis of options history for Warner Bros. Discovery (NASDAQ:WBD) revealed 9 unusual trades.
Delving into the details, we found 77% of traders were bullish, while 22% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $184,859, and 5 were calls, valued at $173,400.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $7.5 and $12.5 for Warner Bros. Discovery, spanning the last three months.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Warner Bros. Discovery's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Warner Bros. Discovery's significant trades, within a strike price range of $7.5 to $12.5, over the past month.
Warner Bros. Discovery Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WBD | PUT | SWEEP | BULLISH | 06/20/25 | $1.14 | $1.08 | $1.08 | $7.50 | $71.8K | 7.5K | 666 |
| WBD | CALL | TRADE | BULLISH | 01/17/25 | $1.06 | $1.02 | $1.05 | $10.00 | $52.0K | 18.1K | 779 |
| WBD | PUT | TRADE | BEARISH | 07/19/24 | $4.05 | $4.0 | $4.05 | $12.50 | $40.5K | 2.0K | 195 |
| WBD | CALL | TRADE | BULLISH | 01/16/26 | $1.95 | $1.9 | $1.95 | $10.00 | $39.0K | 14.8K | 362 |
| WBD | PUT | TRADE | BULLISH | 04/19/24 | $4.05 | $4.0 | $4.0 | $12.50 | $38.0K | 2.6K | 95 |
About Warner Bros. Discovery
Warner Bros. Discovery was formed in 2022 through the combination of WarnerMedia and Discovery Communications. It operates in three global business segments: studios, networks, and direct-to-consumer. Warner Bros. Pictures is the crown jewel of the studios business, producing, distributing, and licensing movies and television shows. The networks business consists of basic cable networks, such as CNN, TNT, TBS, Discovery, HGTV, and the Food Network. Direct-to-consumer includes HBO and the firm's streaming platforms, which have now been consolidated to Max and Discovery+. Much of the DTC content is created within the firm's other two business segments. Each segment operates with a global reach, with Max available in over 60 countries.
Warner Bros. Discovery's Current Market Status
- With a trading volume of 24,455,082, the price of WBD is down by -3.75%, reaching $8.46.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 31 days from now.
What Analysts Are Saying About Warner Bros. Discovery
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $15.0.
- An analyst from Rosenblatt upgraded its action to Neutral with a price target of $10.
- An analyst from Benchmark downgraded its action to Buy with a price target of $20.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Warner Bros. Discovery, Benzinga Pro gives you real-time options trades alerts.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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