Time Warner Inc. put increased.
Time Warner Inc. put increased rather heavily recently. Put option traders should notice that the most active trade was done for one position: July 18 (85 strike). While it is only May 6th, these option traders are betting heavily that the TWX stock price will go down. Time Warner Inc. ended the week at $93.14.
Time Warner Inc. is an American multinational mass media and entertainment business. They are headquartered in New York City. At the time of this writing, TWX is the third largest entertainment company in revenue.
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AT&T Inc. and Time Warner Inc. are getting ready to give their closing arguments in the antitrust trial regarding their potential merger. The merger deadline has been already extended to June 22nd. Put traders might either believe a merger will not happen (and it is bad for TWX stock) or the merger will come to fruition (and will also be bad for TWX stock).
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