Investors with a lot of money to spend have taken a bearish stance onWarner Bros. Discovery(NASDAQ:WBD).

And retail traders should know.

We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with WBD, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 30 options trades forWarner Bros. Discovery.

This isn't normal.

The overall sentiment of these big-money traders is split...