🎬 WBD: $2.5M Bet That the Paramount Deal Dies — Or That It Closes at a Price That Destroys Equity Value

Institutional whale drops $2.5M on WBD options. Someone just spent $2.5 MILLION buying deep out-of-the-money puts on Warner Bros. Discovery — specifically the September $21 strike, a full 24% below spot with 170 days on the cloc Full analysis inside.