Shyon
12-09

From my view, the $Paramount(PGRE)$ – $Netflix(NFLX)$ battle for $Warner Bros. Discovery(WBD)$ is now driven as much by politics as valuation. Paramount’s USD 30 all-cash bid values the full WBD empire higher, while Netflix’s mixed cash-stock offer faces more regulatory pushback. With WBD trading above USD 27.75, the market is clearly expecting either a higher bid or a longer fight.

For trading, Netflix feels like an event-driven name now. With slowing growth and a huge acquisition uncertainty, I’d only consider dip-buying closer to 92, 90, or even 85. WBD is a pure takeover play — volatile and headline-sensitive — so I wouldn’t chase it outright.

If I had to choose, I’d lean toward a call spread on WBD to capture any bid increase with defined risk. An iron condor works only if the price stabilizes. PKSY becomes interesting if markets believe their financing and political backing are real, but for now, patience still feels like the best strategy.

@Tiger_comments @TigerStars

# WBD Rejects PSKY, Backs Netflix: Is $100 Back in Play?

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  • eskynet
    ·12-09
    stronger wants to get stronger in order to win the war, and keep compentcy.
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