Added to YB: 2026-02-16
Pitch date: 2026-02-13
WBD [bullish]
Warner Bros. Discovery, Inc.
-0.54%
current return
Author Info
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Company Info
Warner Bros. Discovery, Inc. operates as a media and entertainment company worldwide. It operates through three segments: Studios, Network, and DTC.
Market Cap
$71.4B
Pitch Price
$28.68
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.45
P/E
148.31
EV/Sales
2.69
Sector
Entertainment
Category
N/A
Show full summary:
Merger Arbitrage: Selling WBD $24 Puts
WBD: Sold 27k March 20 '26 $24 puts for $0.20 ($540k premium), betting M&A floor holds. Paramount bid at $30/share all-cash + $0.25/qtr ticking fee vs Netflix deal valued $21.23-$27.75. Q4 earnings Feb 26 could catalyze gap to $30 if board shifts to Paramount. Break-even $23.80 prices as if bidding war never happened.
Read full article (2 min)