Jim Cramer Says Someone Might Go to Jail For Buying Warner Bros. Discovery, Inc. (WBD) Call Options

Sat, Sep 13, 2025, 11:11 AM 3 min read

We recently published 10 Stocks Jim Cramer Discussed As He Remained Optimistic About American Ingenuity. Warner Bros. Discovery, Inc. (NASDAQ:WBD) is one of the stocks Jim Cramer recently discussed.

Warner Bros. Discovery, Inc. (NASDAQ:WBD)’s shares have gained a stunning 50% since Thursday following a Wall Street Journal report claiming that the firm would be acquired by Paramount Skydance. Cramer discussed Warner Media Holdings, the firm’s subsidiary’s debt, the benefits to Paramount, and Oracle billionaire Larry Ellison’s involvement in the affair. He also commented on reports of someone buying 100,000 call options to make money

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“Okay so David I’m looking at WarnerMedia Holdings, I’m looking at all these different pieces of debt, they’re all horrendous. If I had Amazon, I would say, well you know what, we could really do a killing, or Apple. We’ve got the best balance sheet in the world, we just pay off that debt, we immediately become the number one entertainment company. We don’t know how to do entertainment, we’re using TimeWarner for a lot of the things anyway. David, can’t these companies pay much, much more and just decide you know what, we want this and we love Ellison, he’s a terrific guy, but he can’t be in our league.