Traders Snap Up Warner Bros. Options, Avoiding Long-Term Wagers

Options on Warner Bros. Discovery Inc. shares had the second-busiest day ever after the fight to take over the media conglomerate heated up on Monday. In a telling sign, however,...

By Bernard Goyder · Bloomberg Markets

Options on Warner Bros. Discovery Inc. shares had the second-busiest day ever after the fight to take over the media conglomerate heated up on Monday. In a telling sign, however, traders avoided long-term wagers on the company’s fate.