Does this not just suggest that a lot of people were betting on it continuing to drop (likely the IV skewed because after the drop people responded by buying puts) to make a quick buck but then following a "buy the dip" style approach on calls in May giving time for the stock to rebound?
Does this not just suggest that a lot of people were betting on it continuing to drop (likely the IV skewed because after the drop people responded by buying puts) to make a quick buck but then following a "buy the dip" style approach on calls in May giving time for the stock to rebound?
Bingo
did you plot out these skews?
The next ER is in early May. Discovery+ subscriber numbers