Tour v473
WBD
WARNER BROS DISCOVER Series A
$25.47 -0.66%
$25.44 (-0.12%)🌙
as of 07/30 07:47 PM
(7/29 19:30) ◀
|
Thursday, July 30, 2026 (7:47pm)
January 2026
|
▶ (7/31 19:19)
◀ 7/30 19:47 ▶

Option Volume

Detail
ℹ
Current (07/30) 48,578
Calls: 8,392 (17%)
Puts: 40,186 (83%)
Prior (07/29) 16,946
Calls: 5,038 (30%)
Puts: 11,908 (70%)
Current vs Prior +186.66%
Calls: +66.57% (Calls)
Puts: +237.47% (Puts)
Prior 7-Day Total 936,466
Calls: 284,306 (30%)
Puts: 652,160 (70%)
Prior 7-Day Average 133,780
Calls: 40,615 (30%)
Puts: 93,165 (70%)
Current vs Prior 7-Day Avg -63.69%
Calls: -79.34%
Puts: -56.87%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/30) $8.98M
Calls: $934.6K (10%)
Puts: $8.04M (90%)
Prior (07/29) $1.24M
Calls: $569.4K (46%)
Puts: $669.7K (54%)
Current vs Prior +624.50%
Calls: +64.13%
Puts: +1101.00%
Prior 7-Day Total $77.55M
Calls: $16.97M (22%)
Puts: $60.57M (78%)
Prior 7-Day Average $11.08M
Calls: $2.42M (22%)
Puts: $8.65M (78%)
Current vs Prior 7-Day Avg -18.96%
Calls: -61.46%
Puts: -7.06%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/30) 4.79
Prior (07/29) 2.36
Current vs Prior +102.59%
Prior 7-Day Average 2.23
Current vs Prior 7-Day Avg +114.84%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/30) 972,052
Calls: 293,450 (30%)
Puts: 678,602 (70%)
Prior (07/29) 1,676,252
Calls: 478,307 (29%)
Puts: 1,197,945 (71%)
Current vs Prior -42.01%
Prior 7-Day Total 13,257,939
Calls: 4,286,074 (32%)
Puts: 8,971,865 (68%)
Prior 7-Day Average 1,893,991
Calls: 612,296 (32%)
Puts: 1,281,695 (68%)
Current vs Prior 7-Day Avg -48.68%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 4.20% | 6.83%8.56% | 7.97%
Prior 2.38% | 5.30%11.70% | 8.39%
Current vs Prior +76.58% | +28.80%-26.85% | -4.95%
Prior 7-Day Avg 4.22% | 6.98%10.17% | 10.74%
Current vs 7-Day Avg -0.48% | -2.15%-15.84% | -25.80%
Prior 7-Day Eod 2.38% | 5.30%11.70% | 8.39%
Current vs 7-Day Eod +76.58% | +28.80%-26.85% | -4.95%
Sentiment BEARISHBULLISH

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

Strong bearish conviction with 90% of dollar volume in puts ($8.04M) vs calls ($934.6K). Massive premium surge with dollar volume up 624% vs prior. Unusually high activity with volume up 187% vs prior - elevated interest. Extreme bearish P/C ratio of 4.79 - heavy put buying.

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 BEARISH
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. 1 found (avg $0.08, cheapest $0.08)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$28.00Aug 210.070.08$0.0812.5%670.10118.6K
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 19 found (avg delta 0.89, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$21.00Jul 312.706.60$4.6583.9%591.008
$22.00Jul 311.955.35$3.6593.2%261.0048
$22.50Jul 311.393.90$2.6594.7%140.9947
$23.00Jul 311.003.50$2.25111.1%290.9959
$24.00Jul 310.143.60$1.87185.0%50.9910
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$26.00Jul 310.190.81$0.50124.0%171.00370
$27.00Jul 310.263.10$1.68169.0%3871.00484
$29.00Jul 311.805.55$3.68101.9%11.00--
$30.00Jul 312.446.55$4.5091.3%11.00--
$27.00Aug 70.011.65$0.83197.6%3161.00--

Most actively traded options today. High liquidity = easy entry/exit. 47 active (total vol 6.1K, top 3.3K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$27.00Aug 210.090.20$0.1573.3%3650.18--
$26.00Aug 70.110.25$0.1877.8%2970.42447
$26.00Jul 310.000.04$0.02200.0%1260.122.1K
$26.00Aug 210.280.42$0.3540.0%700.388.2K
$28.00Aug 210.070.08$0.0812.5%670.10118.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$25.50Jul 310.100.20$0.1566.7%3.3K0.472.9K
$27.00Jul 310.263.10$1.68169.0%3871.00484
$27.00Aug 70.011.65$0.83197.6%3161.00--
$25.00Aug 280.241.00$0.62122.6%2810.40154
$25.00Aug 70.010.19$0.10180.0%2230.20226

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 106.7%, max 282.4%)

CALLS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$28.00Jul 31Aug 2181.0%27.9%190.7%70118.6K
$27.00Jul 31Aug 2152.2%24.1%116.2%366--
$30.00Aug 7Aug 2149.1%36.5%34.7%41.0K
$26.00Jul 31Aug 2127.1%21.8%24.2%19610.3K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$23.00Jul 31Aug 2194.6%24.7%282.4%3716.0K
$24.00Jul 31Aug 2160.8%22.2%173.5%1418.1K
$27.00Jul 31Aug 2152.2%24.1%116.2%3886.4K
$24.50Jul 31Aug 749.6%29.1%70.3%13180
$25.00Jul 31Aug 2839.2%29.1%34.5%285154

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 9 found (best R:R 4.26, avg 2.62)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$26.00$27.00Aug 21$0.20$0.80$0.204.00$26.20
$26.00$26.50Aug 7$0.12$0.38$0.123.17$26.12
$23.00$23.50Jul 31$0.14$0.36$0.142.57$23.14
$25.50$26.00Jul 31$0.22$0.28$0.221.27$25.72
$23.50$24.00Jul 31$0.24$0.26$0.241.08$23.74
BEAR PUT (4)
BuySellExpiryDebitMax GainMax LossR:RBE
$25.00$24.00Aug 21$0.19$0.81$0.194.26$24.81
$25.50$25.00Jul 31$0.12$0.38$0.123.17$25.38
$27.00$26.00Aug 21$0.30$0.70$0.302.33$26.70
$27.00$25.00Aug 7$0.73$1.27$0.731.74$26.27

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 12 found (best R:R 4.56, avg 1.26)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$22.50$23.00Jul 31$0.40$0.40$0.104.00$22.90
$23.50$24.00Jul 31$0.24$0.24$0.260.92$23.74
$25.50$26.00Jul 31$0.22$0.22$0.280.79$25.72
$23.00$23.50Jul 31$0.14$0.14$0.360.39$23.14
$26.00$26.50Aug 7$0.12$0.12$0.380.32$26.12
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$30.00$29.00Jul 31$0.82$0.82$0.184.56$29.18
$26.00$25.50Jul 31$0.35$0.35$0.152.33$25.65
$27.00$25.00Aug 7$0.73$0.73$1.270.57$26.27
$27.00$26.00Aug 21$0.30$0.30$0.700.43$26.70
$25.50$25.00Jul 31$0.12$0.12$0.380.32$25.38

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 8 found (avg debit $0.38, cheapest $0.07)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$28.00Jul 31Aug 21$0.0781.0%27.9%
$26.50Aug 7Aug 14$0.0716.6%21.3%
$27.00Jul 31Aug 21$0.1452.2%24.1%
$26.00Jul 31Aug 7$0.1627.1%15.7%
$25.50Jul 31Aug 7$0.5135.3%32.7%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$25.00Jul 31Aug 7$0.0739.2%25.2%
$26.00Jul 31Aug 21$0.8527.1%21.8%
$25.50Jul 31Aug 21$1.1635.3%53.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 11 found (cheapest 1.53% of stock, avg 6.20%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$25.50Jul 31$0.24$0.15$0.39$25.11$25.891.53%
$26.00Jul 31$0.02$0.50$0.52$25.48$26.522.04%
$25.00Jul 31$0.92$0.03$0.95$24.05$25.953.73%
$24.50Jul 31$1.33$0.01$1.34$23.16$25.845.26%
$27.00Jul 31$0.01$1.68$1.69$25.31$28.696.64%
$26.00Aug 21$0.35$1.35$1.70$24.30$27.706.67%
$27.00Aug 21$0.15$1.65$1.80$25.20$28.807.07%
$24.00Jul 31$1.87$0.01$1.88$22.12$25.887.38%
$27.50Aug 7$0.05$2.15$2.20$25.30$29.708.64%
$23.00Jul 31$2.25$0.01$2.26$20.74$25.268.87%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 27 found (cheapest 0.20% of stock, avg 2.14%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$26.00$25.00Jul 31$0.02$0.03$0.05$24.95$26.05
$27.50$24.00Aug 7$0.05$0.04$0.09$23.91$27.59
$26.50$24.00Aug 7$0.06$0.04$0.10$23.90$26.60
$27.50$24.50Aug 7$0.05$0.06$0.11$24.39$27.61
$26.50$24.50Aug 7$0.06$0.06$0.12$24.38$26.62
$27.50$25.00Aug 7$0.05$0.10$0.15$24.85$27.65
$29.00$24.00Aug 21$0.06$0.09$0.15$23.85$29.15
$26.50$25.00Aug 7$0.06$0.10$0.16$24.84$26.66
$26.00$25.50Jul 31$0.02$0.15$0.17$25.33$26.17
$28.00$24.00Aug 21$0.08$0.09$0.17$23.83$28.17

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 1 found (best R:R 0.64, avg credit $0.39)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
24/2526/27Aug 21$0.39$0.610.64$24.61$26.39

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 8 found (best R:R 6.69, cheapest $0.10)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$26.00$27.00$28.00Aug 21$0.13$0.876.69
$24.00$24.50$25.00Jul 31$0.13$0.372.85
$22.50$23.00$23.50Jul 31$0.26$0.240.92
$25.50$26.00$26.50Aug 7$0.45$0.050.11
$25.00$25.50$26.00Jul 31$0.46$0.040.09
PUTS (3)
LowMidHighExpiryDebitMax GainR:R
$23.00$24.00$25.00Aug 21$0.13$0.876.69
$24.50$25.00$25.50Jul 31$0.10$0.404.00
$25.00$25.50$26.00Jul 31$0.23$0.271.17

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 13 found (best net $--, 1 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$26.00$27.001:2Jul 31$0.00$1.00
$27.50$30.001:2Aug 7$0.01$2.49
$26.00$26.501:2Aug 7$0.06$0.44
$25.50$26.001:2Jul 31$0.20$0.30
$25.50$26.001:2Aug 7$0.39$0.11
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$29.00$27.001:2Jul 31$0.32$1.68
$27.00$25.001:2Aug 7$0.63$1.37
$25.00$24.001:2Aug 21$0.10$0.90
$25.50$25.001:2Jul 31$0.09$0.41
$27.00$26.001:2Jul 31$0.68$0.32

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 4 found (best yield 1.10%, avg 0.54%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$26.00Aug 21$0.280.382.1%1.10%3.18%708.2K
$26.00Aug 7$0.110.422.1%0.43%2.51%297447
$27.00Aug 21$0.090.186.0%0.35%6.36%365--
$28.00Aug 21$0.070.109.9%0.27%10.21%67118.6K

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 8,392
Total Puts 40,186
Put/Call Ratio 4.79
Net Difference -31,794

Prior's Put/Call Breakdown

Total Calls 5,038
Total Puts 11,908
Put/Call Ratio 2.36
Net Difference -6,870

Prior 7-Day Put/Call Summary

Total Calls 284,306
Total Puts 652,160
Average Put/Call Ratio 2.23
Ratio Trend Rising

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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