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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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