Warner Bros. Discovery Option Alert: Jul 21 $15 Calls Sweep (25) near the Ask: 1191 @ $0.25 vs 24332 OI; Earnings 8/3 After Close [est] Ref=$13.2074
Portfolio Pulse from Charles Gross
Warner Bros. Discovery (WBD) sees a sweep of 1,191 July 21 $15 call options near the ask price at $0.25, compared to 24,332 open interest. Earnings are estimated to be released on August 3 after market close.
June 07, 2023 | 4:49 pm
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Increased call options activity for WBD may indicate bullish sentiment among investors ahead of the company's earnings release on August 3.
The sweep of 1,191 call options at a strike price of $15 indicates that investors are expecting the stock price to rise above $15 before the options expire on July 21. This bullish sentiment may be driven by expectations of positive earnings results on August 3. The increased options activity could lead to a short-term increase in WBD's stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100