Warner Bros.Discovery Unusual Options Activity For January 06

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Benzinga’s options scanner just detected over 12 options trades for Warner Bros.Discovery WBD summing a total amount of $619,028.

At the same time, our algo caught 5 for a total amount of 414,341.

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 $7.5 to $12.5 for Warner Bros.Discovery over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Warner Bros.Discovery’s options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Warner Bros.Discovery’s whale trades within a strike price range from $7.5 to $12.5 in 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 PUT SWEEP BULLISH 02/17/23 $12.50 $119.6K 1.7K 2.1K
WBD CALL TRADE BULLISH 01/19/24 $7.50 $117.5K 1.0K 250
WBD PUT SWEEP BEARISH 03/17/23 $10.00 $109.6K 4.5K 1.7K
WBD PUT SWEEP BULLISH 02/17/23 $12.50 $83.9K 1.7K 514
WBD PUT SWEEP BULLISH 02/17/23 $12.50 $62.4K 1.7K 514

Where Is Warner Bros.Discovery Standing Right Now?

  • With a volume of 14,621,670, the price of WBD is up 4.01% at $11.29.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 48 days.

What The Experts Say On Warner Bros.Discovery:

  • Macquarie has decided to maintain their Outperform rating on Warner Bros.Discovery, which currently sits at a price target of $16.

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.