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Options Alert: Warner Bros. Discovery Option Contract Triples In Value in Just 9 Days!

June 21, 2023

7:35am PT

Warner Bros. Discovery (WBD) has had a rough time over the last few months as their stock price has declined from a YTD high of $16.34 to a current stock price of approximately $12.

The stock is still up year to date 27%. However, the short term trend has been negative.

If you were fortunate enough to recognize the trend and acted on your analysis you have captured a nice return.

The WBD Put with Jul 21 2023 expiration and $12.50 strike price has paid investors handily. The put was trading for $0.25 ($25) per contract on 6/12/2023 and the contract is currently trading at $0.80 ($80) per contract today (June 21) which represents over 200% return in less than two weeks. Check out the chart below.

Chart: Yahoo! Finance

It is yet to be seen if the trend holds, but we can all agree that return makes you feel pretty good in the short term.

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The information provided in this report is for general informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. The opinions expressed in the report are our own and are subject to change without notice. We may have a position in the securities mentioned in the report, and we may buy or sell such securities without notice. Any investment decisions made based on the information in this report are solely the responsibility of the recipient. We do not accept any liability for any direct, indirect, or consequential loss arising from any use of this report or its contents.


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