For this week’s intriguing options block trade, we’re looking at a massive trade put on in Warner Brothers Discovery (WBD). The trader or fund manager appears to have sold a huge call position that is potentially being used to finance (part of) an even bigger put position. This type of strategy is called a collar, and it could be used to hedge downside risk without paying the full amount for the put protection.
This guide will get you placing winning trades without you needing to spend hundreds of hours studying.
In fact, you can place your first trade today after reading my "Beginner's Guide" to trading options.