Schaeffers Investment Research·2025-12-17 17:09Group 1 - Warner Bros. Discovery's board unanimously rejected a $108.4 billion hostile takeover bid from Paramount Skydance due to lack of financing assurances, reinforcing Netflix's $72 billion buyout offer as the stronger option [1] - Warner Bros. Discovery's stock is currently down 0.4% to $28.79, marking its third consecutive daily loss, but still shows a 169% year-to-date increase from a three-year high of $30 [2] - The Schaeffer's Volatility Index (SVI) for Warner Bros. Discovery is at 27%, indicating higher volatility compared to 94% of readings from the past year [2] Group 2 - A total of 78,000 puts have been exchanged for Warner Bros. Discovery, which is double the average intraday amount, with the January 2026 26-strike put being the most active contract [3] - Paramount Skydance's stock is down 4.8% to $13.18, continuing a trend of lower highs since its two-year high of $20.86 on September 23 [3] - Netflix's stock is up 1.2% to $13.18, with a year-to-date increase of 7.3% [3]