Whales with a lot of money to spend have taken a noticeably bearish stance on Warner Bros. Discovery.
Looking at options history for Warner Bros. Discovery WBD we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 54% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $153,393 and 7, calls, for a total amount of $311,749.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $10.0 to $15.0 for Warner Bros. Discovery over the last 3 months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Warner Bros. Discovery options trades today is 9058.0 with a total volume of 6,382.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Warner Bros. Discovery's big money trades within a strike price range of $10.0 to $15.0 over the last 30 days.
Warner Bros. Discovery 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| WBD | CALL | SWEEP | BEARISH | 06/21/24 | $10.00 | $64.0K | 3.8K | 220 |
| WBD | CALL | SWEEP | BEARISH | 01/17/25 | $10.00 | $63.0K | 9.8K | 218 |
| WBD | CALL | SWEEP | BEARISH | 01/17/25 | $10.00 | $59.2K | 9.8K | 406 |
| WBD | PUT | SWEEP | BULLISH | 06/20/25 | $15.00 | $45.8K | 104 | 133 |
| WBD | PUT | SWEEP | BULLISH | 07/19/24 | $15.00 | $40.6K | 864 | 3 |
About Warner Bros. Discovery
Warner Bros. Discovery, the result of combining two large media firms, is one of the largest media firms in the world with tremendous scale and reach. The new company owns some of the biggest global networks including HBO, Discovery, CNN, and TLC and well-known franchises like Superman, Rick and Morty, and Game of Thrones. The firm's content production studios include Warner Bros., HBO, Discovery Studios, DC Films, and Cartoon Network Studios. The company operates two major streaming services, Max and Discovery+.
Warner Bros. Discovery's Current Market Status
- With a volume of 6,895,025, the price of WBD is down -0.62% at $11.28.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 48 days.
Professional Analyst Ratings for Warner Bros. Discovery
In the last month, 1 experts released ratings on this stock with an average target price of $24.0.
- An analyst from Benchmark downgraded its action to Buy with a price target of $24.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Warner Bros. Discovery options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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