Warner Bros. Discovery operates HBO, CNN, Discovery channels, and Warner Bros. studios. Moderate beta, turnaround story weighed down by heavy debt. No dividend. Currently subject to a Paramount Skydance acquisition bid, adding M&A event risk. CSP premiums reflect restructuring uncertainty and deal headline volatility.
Entertainment
Market Cap
$70.3B
P/E Ratio
—
Beta
1.57
Forward P/E
400.6
52-Week RangeCurrent: $28.04
$17.08$30
Earnings
2026-11-05
54 days away
WBD — momentum sits at an inflection. Historically, a few sessions of confirmation has cost less premium than entry against a turn that resolves the other way.
WBD ranks #9 of 29 Communication Services tickers by put-selling score (617 total screened)
Position Size & Yield Calculator
Live model for WBD — drag any slider to recalculate. Strike defaults to ~5% OTM, snapped to typical exchange increments.
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max fully-secured contracts
Capital per Contract0%
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Premium Income
$0
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Per-Day Theta
$0.00
if held to expiration
Annualized ROC
0.0%
return on collateral
📈At this pace: $0/year per contract if you roll continuously every 30 days
⚠️ Single-name concentration. Consider diversifying across multiple tickers — or use a Bull Put Spread to commit less collateral per trade.
Calculator assumptions
Cash-secured puts require holding cash equal to strike × 100 shares as collateral. Strike defaults to ~5% OTM, snapped to typical exchange increments. Premium defaults to ~2% of strike — adjust to your real expected fill. Annualized ROC = (premium ÷ collateral) × (365 ÷ DTE). CSP risk is single-name concentration: experienced put-sellers typically diversify across 4–6 underlyings rather than committing the whole account to one ticker. Continuous-rolling projections assume capital can be re-deployed after each expiration and that comparable premiums remain available — actual results vary with market conditions, assignments, and rolls.
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