Unusual Options Activity in WBD Stock Hints the WBD-Paramount Deal Will Close Be

As recently as mid-May, Paramount Skydance's (PSKY) $110 billion acquisition of Warner Bros. Discovery (WBD) was on track to close on or before Sept. 30. However, in mid-May, Oliver Darcy's Status newsletter reported that David Ellison was targeting July 15.

On Wednesday, the markets were mixed, but WBD stock gained 1.2% on news that the European Union's regulatory review of the deal would soon be complete and even better, the deal would get EU regulatory approval.

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In yesterday's unusual options activity, someone clearly got the memo. Warner Bros. Discovery had the highest Vol/OI (volume-to-open-interest) ratio of options expiring in seven days or more and with at least 500 contracts traded. The July 24 $28 call had a volume of 18,807, 122.17 times the open interest

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/options/articles/unusual-options-activity-wbd-stock-173002602.html)