Warner Bros. Discovery Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Warner Bros. Discovery (NASDAQ:WBD) by a large investor, as observed in the unusual options activity. The overall sentiment of these big-money traders is split between 46% bullish and 53% bearish. The whales have been targeting a price range from $2.5 to $15.0 for Warner Bros. Discovery over the last 3 months. The price of WBD is up 6.94% at $13.79, with RSI indicators hinting at an overbought situation.
August 04, 2023 | 4:02 pm
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A large investor has taken a bearish stance on Warner Bros. Discovery (NASDAQ:WBD), with unusual options activity observed. The stock price is up 6.94% at $13.79, but RSI indicators suggest it may be overbought.
The unusual options activity indicates that a large investor is expecting the price of Warner Bros. Discovery to fall. This bearish sentiment, combined with the RSI indicators suggesting an overbought situation, could lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100