Tour v366
WBD
WARNER BROS DISCOVER Series A
$25.86 -3.76%
$25.88 (+0.08%)🌙
as of 07/20 07:16 PM
(7/17 19:29) ◀
|
Monday, July 20, 2026 (7:16pm)
January 2026
|
▶ (7/21 19:15)
◀ 7/20 19:16 ▶

Option Volume

Detail
ℹ
Current (07/20) 327,264
Calls: 147,442 (45%)
Puts: 179,822 (55%)
Prior (07/17) 90,084
Calls: 34,927 (39%)
Puts: 55,157 (61%)
Current vs Prior +263.29%
Calls: +322.14% (Calls)
Puts: +226.02% (Puts)
Prior 7-Day Total 887,965
Calls: 428,658 (48%)
Puts: 459,307 (52%)
Prior 7-Day Average 126,852
Calls: 61,236 (48%)
Puts: 65,615 (52%)
Current vs Prior 7-Day Avg +157.99%
Calls: +140.77%
Puts: +174.06%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/20) $25.03M
Calls: $6.51M (26%)
Puts: $18.52M (74%)
Prior (07/17) $4.73M
Calls: $1.48M (31%)
Puts: $3.26M (69%)
Current vs Prior +428.94%
Calls: +341.06%
Puts: +468.74%
Prior 7-Day Total $60.45M
Calls: $25.39M (42%)
Puts: $35.07M (58%)
Prior 7-Day Average $8.64M
Calls: $3.63M (42%)
Puts: $5.01M (58%)
Current vs Prior 7-Day Avg +189.84%
Calls: +79.42%
Puts: +269.78%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/20) 1.22
Prior (07/17) 1.58
Current vs Prior -22.77%
Prior 7-Day Average 1.30
Current vs Prior 7-Day Avg -6.26%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/20) 1,885,676
Calls: 621,478 (33%)
Puts: 1,264,198 (67%)
Prior (07/17) 1,736,284
Calls: 703,223 (41%)
Puts: 1,033,061 (59%)
Current vs Prior +8.60%
Prior 7-Day Total 12,322,528
Calls: 4,326,821 (35%)
Puts: 7,995,707 (65%)
Prior 7-Day Average 1,760,361
Calls: 618,117 (35%)
Puts: 1,142,243 (65%)
Current vs Prior 7-Day Avg +7.12%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 4.06% | 6.42%11.48% | 16.74%
Prior 3.76% | 10.76%5.25% | 9.53%
Current vs Prior +8.02% | -40.32%+118.86% | +75.75%
Prior 7-Day Avg 5.21% | 8.89%5.81% | 11.40%
Current vs 7-Day Avg -22.10% | -27.79%+97.64% | +46.93%
Prior 7-Day Eod 3.76% | 10.76%5.25% | 9.53%
Current vs 7-Day Eod +8.02% | -40.32%+118.86% | +75.75%
Sentiment BEARISHBEARISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 34.07% | 95.34%
Calls: 24.39% | 42.00%
Puts: 43.75% | 148.68%
Prior 34.07% | 95.34%
Calls: 24.39% | 42.00%
Puts: 43.75% | 148.68%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 34.07% | 95.34%
Calls: 24.39% | 42.00%
Puts: 43.75% | 148.68%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
+
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🤖 AI Insights

Moderately bearish flow with 74% put dollar volume ($18.52M). Massive premium surge with dollar volume up 429% vs prior. Dollar volume significantly above 7-day average (190% higher). Unusually high activity with volume up 263% vs prior - elevated interest.

Smart Money BEARISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BEARISH
7-Day Avg BEARISH
Current NEUTRAL
Prior BEARISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH

📈 Options Analysis

🎯 Tightest Spreads
💰 Best Value Under $1
📊 High Delta (ITM)
🔥 High Volume
⏰ Backwardation
📈 Debit Spreads
📉 Credit Spreads
📅 Calendar Spreads
⚡ Straddles
🔀 Strangles
🦅 Iron Condors
🦋 Butterflies
⚖️ Ratio Spreads
🛡️ Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top -- of results (avg --%, best --%)

No options available for this category

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 4 found (avg $0.36, cheapest $0.10)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Aug 210.230.27$0.2516.0%19.7K0.17133.2K
$28.00Aug 210.410.46$0.4411.4%84.0K0.2674.4K
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$25.50Jul 240.090.10$0.1010.0%4.5K0.276.2K
$25.00Aug 210.600.70$0.6515.4%7.3K0.3557.3K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 30 found (avg delta 0.77, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$21.00Jul 243.307.00$5.1571.8%281.00--
$22.00Jul 242.206.00$4.1092.7%891.0040
$24.00Jul 240.434.20$2.32162.5%1171.00--
$24.50Jul 240.143.35$1.75183.4%520.9425
$25.00Jul 240.231.25$0.74137.8%400.893
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$27.00Jul 310.042.57$1.31193.1%5661.00531
$27.50Jul 310.273.75$2.01173.1%151.00--
$27.50Jul 240.403.65$2.03160.1%510.9378
$28.50Jul 241.174.65$2.91119.6%10.91--
$27.00Jul 240.601.50$1.0585.7%7.5K0.878.6K

Most actively traded options today. High liquidity = easy entry/exit. 85 active (total vol 190.9K, top 84.0K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$28.00Aug 210.410.46$0.4411.4%84.0K0.2674.4K
$29.00Aug 210.230.27$0.2516.0%19.7K0.17133.2K
$27.00Aug 210.570.85$0.7139.4%5.8K0.383.6K
$26.50Jul 240.100.13$0.1225.0%5.6K0.2313
$27.00Jul 240.050.07$0.0633.3%5.0K0.13473
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$26.00Jul 240.280.40$0.3435.3%17.5K0.591.7K
$25.00Jul 240.020.07$0.05100.0%8.3K0.127.5K
$27.00Jul 240.601.50$1.0585.7%7.5K0.878.6K
$25.00Aug 210.600.70$0.6515.4%7.3K0.3557.3K
$25.50Jul 240.090.10$0.1010.0%4.5K0.276.2K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 10 strikes (avg 113.7%, max 276.1%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$29.50Jul 24Aug 21125.8%38.2%229.4%14--
$31.00Jul 24Aug 2871.9%25.8%178.2%78375
$29.00Jul 24Aug 2884.6%34.0%148.5%4347.5K
$30.00Jul 24Aug 2166.3%37.4%77.2%3.6K63.8K
$28.00Jul 24Aug 2848.1%30.1%59.8%7333.5K
PUTS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$23.00Jul 24Aug 21152.4%40.5%276.1%1.4K14.1K
$21.00Jul 24Aug 2190.2%44.8%101.4%7423.7K
$27.50Jul 24Jul 3140.8%28.0%45.9%6678
$24.00Jul 24Aug 2137.2%31.6%17.9%10412.1K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 22 found (best R:R 19.83, avg 3.70)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$27.50$30.00Aug 7$0.12$2.38$0.1219.83$27.62
$30.00$31.00Aug 21$0.11$0.89$0.118.09$30.11
$29.00$31.00Aug 28$0.24$1.76$0.247.33$29.24
$28.00$29.00Aug 21$0.19$0.81$0.194.26$28.19
$27.00$27.50Jul 31$0.10$0.40$0.104.00$27.10
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$23.00$21.00Aug 21$0.17$1.83$0.1710.76$22.83
$26.00$25.00Aug 14$0.13$0.87$0.136.69$25.87
$26.00$25.50Jul 31$0.16$0.34$0.162.12$25.84
$25.00$24.00Aug 21$0.37$0.63$0.371.70$24.63
$26.50$26.00Aug 21$0.19$0.31$0.191.63$26.31

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 27 found (best R:R 7.33, avg 1.53)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$21.00$24.50Jul 31$3.08$3.08$0.427.33$24.08
$25.00$26.00Jul 31$0.79$0.79$0.213.76$25.79
$21.00$28.00Aug 28$5.09$5.09$1.912.66$26.09
$23.50$24.00Jul 24$0.33$0.33$0.171.94$23.83
$26.50$27.00Aug 21$0.33$0.33$0.171.94$26.83
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$28.50$27.50Jul 24$0.88$0.88$0.127.33$27.62
$28.50$27.50Jul 31$0.82$0.82$0.184.56$27.68
$27.00$26.50Jul 24$0.30$0.30$0.201.50$26.70
$23.00$22.00Jul 24$0.51$0.51$0.491.04$22.49
$26.00$25.50Jul 24$0.24$0.24$0.260.92$25.76

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 13 found (avg debit $0.32, cheapest $0.07)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$27.50Jul 24Jul 31$0.0940.8%28.0%
$28.00Jul 24Jul 31$0.0948.1%33.4%
$27.00Jul 24Jul 31$0.1736.4%27.0%
$24.50Jul 24Jul 31$0.3035.4%107.1%
$29.00Jul 24Jul 31$0.4484.6%79.9%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$21.00Jul 24Aug 21$0.0790.2%44.8%
$25.00Jul 24Jul 31$0.0827.7%31.1%
$25.50Jul 24Jul 31$0.1121.3%27.7%
$27.00Jul 24Jul 31$0.2636.4%27.0%
$26.50Jul 24Jul 31$0.6132.4%49.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 24 found (cheapest 2.05% of stock, avg 8.38%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$26.00Jul 24$0.19$0.34$0.53$25.47$26.532.05%
$25.00Jul 24$0.74$0.05$0.79$24.21$25.793.05%
$25.50Jul 24$0.71$0.10$0.81$24.69$26.313.13%
$26.50Jul 24$0.12$0.75$0.87$25.63$27.373.36%
$26.00Jul 31$0.72$0.37$1.09$24.91$27.094.22%
$27.00Jul 24$0.06$1.05$1.11$25.89$28.114.29%
$27.00Jul 31$0.23$1.31$1.54$25.46$28.545.96%
$25.00Jul 31$1.51$0.13$1.64$23.36$26.646.34%
$24.50Jul 24$1.75$0.03$1.78$22.72$26.286.88%
$27.50Jul 24$0.04$2.03$2.07$25.43$29.578.00%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 71 found (cheapest 0.35% of stock, avg 3.08%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$27.00$24.50Jul 24$0.06$0.03$0.09$24.41$27.09
$27.00$25.00Jul 24$0.06$0.05$0.11$24.89$27.11
$29.00$24.50Jul 24$0.11$0.03$0.14$24.36$29.14
$26.50$24.50Jul 24$0.12$0.03$0.15$24.35$26.65
$27.00$25.50Jul 24$0.06$0.10$0.16$25.34$27.16
$29.00$25.00Jul 24$0.11$0.05$0.16$24.84$29.16
$26.50$25.00Jul 24$0.12$0.05$0.17$24.83$26.67
$28.00$24.00Jul 31$0.12$0.05$0.17$23.83$28.17
$27.50$24.00Jul 31$0.13$0.05$0.18$23.82$27.68
$29.00$25.50Jul 24$0.11$0.10$0.21$25.29$29.21

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 28 found (best R:R 5.25, avg credit $0.54)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
22/2324/24Jul 24$0.84$0.165.25$22.16$24.34
25/2626/27Aug 21$0.80$0.204.00$25.20$27.30
22/2330/30Jul 24$0.79$0.213.76$22.21$30.29
24/2526/27Aug 21$0.70$0.302.33$24.30$27.20
26/2628/28Aug 21$0.35$0.152.33$26.15$27.85
26/2629/30Jul 31$0.68$0.322.13$25.32$29.68
25/2628/29Aug 21$0.66$0.341.94$25.34$28.66
25/2628/28Aug 21$0.63$0.371.70$25.37$28.13
26/2728/29Aug 21$0.61$0.391.56$26.39$28.61
26/2627/28Aug 21$0.30$0.201.50$26.20$27.30

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 16 found (best R:R 9.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$27.50$28.00$28.50Jul 24$0.05$0.459.00
$27.00$27.50$28.00Jul 31$0.09$0.414.56
$23.00$23.50$24.00Jul 24$0.10$0.404.00
$22.50$23.00$23.50Jul 24$0.14$0.362.57
$28.50$29.00$29.50Jul 24$0.14$0.362.57
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$24.00$25.00$26.00Aug 21$0.10$0.909.00
$25.00$25.50$26.00Jul 31$0.08$0.425.25
$25.50$26.00$26.50Jul 24$0.17$0.331.94
$23.00$24.00$25.00Aug 21$0.34$0.661.94
$25.00$25.50$26.00Jul 24$0.19$0.311.63

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 38 found (best net $-0.97, 22 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$27.50$30.001:2Aug 7-$0.97$1.53
$28.00$29.001:2Aug 21-$0.06$0.94
$28.00$29.001:2Aug 28-$0.18$0.82
$29.50$30.001:2Aug 21-$0.07$0.43
$28.00$28.501:2Jul 24-$0.11$0.39
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$26.00$25.001:2Aug 21-$0.18$0.82
$24.00$23.001:2Aug 21-$0.22$0.78
$27.00$26.001:2Aug 7-$0.33$0.67
$26.00$25.001:2Aug 14-$0.54$0.46
$25.50$25.001:2Jul 31-$0.05$0.45

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 13 found (best yield 3.48%, avg 1.26%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$26.00Aug 21$0.900.510.5%3.48%4.02%1.0K2.7K
$26.00Aug 7$0.650.470.5%2.51%3.05%151
$27.00Aug 21$0.570.384.4%2.20%6.61%5.8K3.6K
$26.50Aug 21$0.510.452.5%1.97%4.45%9--
$28.00Aug 21$0.410.268.3%1.59%9.86%84.0K74.4K
$28.00Aug 14$0.230.268.3%0.89%9.16%28200
$29.00Aug 21$0.230.1712.1%0.89%13.03%19.7K133.2K
$27.50Aug 21$0.200.326.3%0.77%7.12%130--
$26.00Jul 24$0.150.410.5%0.58%1.12%2.7K22
$26.50Jul 24$0.100.232.5%0.39%2.86%5.6K13

Current 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Prior's 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Current Put/Call Breakdown

Total Calls 147,442
Total Puts 179,822
Put/Call Ratio 1.22
Net Difference -32,380

Prior's Put/Call Breakdown

Total Calls 34,927
Total Puts 55,157
Put/Call Ratio 1.58
Net Difference -20,230

Prior 7-Day Put/Call Summary

Total Calls 428,658
Total Puts 459,307
Average Put/Call Ratio 1.30
Ratio Trend Falling

Daily Put/Call History (Last 7 Days)

Date Calls Puts Ratio Net Diff
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Upcoming Earnings - 2 Weeks Prior

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Upcoming Earnings - 1 Week Prior

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Earnings This Week

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Earnings - Day Before / Day After

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Options Activity Around Earnings

Ticker Earnings Date Days Away Call Volume Put Volume IV Rank
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Chart Title

Price — Past 7 Days

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