Today, heavy, unusual trading volume in long-dated Paramount Class B (PARA) call options highlights investors' bullish views on PARA stock. Investors are anticipating the merger with Skydance will close on or before Oct. 4, which should boost its FCF growth.
PARA is at $12.00 in midday trading on Wednesday, May 21. The stock is well off its lows in April and starting to approach its 6-month highs, as can be seen in the Barchart chart below.
