Trader Bets $14 Million That Losing Warner Bid Would Be Win for Netflix

An options trader appears to be betting almost $14 million that Netflix Inc. will win should it lose out on its bid to acquire Warner Bros. Discovery Inc.

By David Marino, Youkyung Lee · Bloomberg Markets

An options trader appears to be betting almost $14 million that Netflix Inc. will win should it lose out on its bid to acquire Warner Bros. Discovery Inc.