A whale with a lot of money to spend has taken a noticeably bullish stance on Warner Bros. Discovery.
Looking at options history for Warner Bros. Discovery WBD we detected 10 strange trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $129,792 and 7, calls, for a total amount of $556,310.
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 $2.5 to $15.0 for Warner Bros. Discovery over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Warner Bros. Discovery options trades today is 7451.38 with a total volume of 4,625.00.
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 $2.5 to $15.0 over the last 30 days.
Warner Bros. Discovery Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| WBD | CALL | TRADE | BEARISH | 01/17/25 | $10.00 | $194.6K | 6.9K | 501 |
| WBD | CALL | TRADE | BULLISH | 01/17/25 | $10.00 | $184.4K | 6.9K | 1.5K |
| WBD | PUT | SWEEP | BEARISH | 10/20/23 | $12.50 | $75.9K | 20.9K | 1.6K |
| WBD | CALL | SWEEP | BULLISH | 06/21/24 | $15.00 | $51.6K | 7.0K | 409 |
| WBD | CALL | SWEEP | BEARISH | 01/17/25 | $15.00 | $36.2K | 12.8K | 274 |
Where Is Warner Bros. Discovery Standing Right Now?
- With a volume of 16,518,867, the price of WBD is down -9.74% at $11.86.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 62 days.
What The Experts Say On Warner Bros. Discovery:
- Barclays has decided to maintain their Equal-Weight rating on Warner Bros. Discovery, which currently sits at a price target of $15.
- Truist Securities has decided to maintain their Buy rating on Warner Bros. Discovery, which currently sits at a price target of $17.
- Morgan Stanley downgraded its action to Equal-Weight with a price target of $15
- Benchmark downgraded its action to Buy with a price target of $26
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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