Tour v477
WBD
WARNER BROS DISCOVER Series A
$26.30 +3.26%
$26.21 (-0.34%)🌙
as of 07/31 07:19 PM
(7/30 19:47) ◀
|
Friday, July 31, 2026 (7:19pm)
January 2026
|
▶ (8/3 19:03)
◀ 7/31 19:19 ▶

Option Volume

Detail
ℹ
Current (07/31) 120,730
Calls: 36,369 (30%)
Puts: 84,361 (70%)
Prior (07/30) 48,578
Calls: 8,392 (17%)
Puts: 40,186 (83%)
Current vs Prior +148.53%
Calls: +333.38% (Calls)
Puts: +109.93% (Puts)
Prior 7-Day Total 667,644
Calls: 214,254 (32%)
Puts: 453,390 (68%)
Prior 7-Day Average 95,377
Calls: 30,607 (32%)
Puts: 64,770 (68%)
Current vs Prior 7-Day Avg +26.58%
Calls: +18.82%
Puts: +30.25%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/31) $9.05M
Calls: $2.52M (28%)
Puts: $6.53M (72%)
Prior (07/30) $8.98M
Calls: $934.6K (10%)
Puts: $8.04M (90%)
Current vs Prior +0.83%
Calls: +169.70%
Puts: -18.80%
Prior 7-Day Total $56.24M
Calls: $12.61M (22%)
Puts: $43.63M (78%)
Prior 7-Day Average $8.03M
Calls: $1.80M (22%)
Puts: $6.23M (78%)
Current vs Prior 7-Day Avg +12.66%
Calls: +39.94%
Puts: +4.78%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/31) 2.32
Prior (07/30) 4.79
Current vs Prior -51.56%
Prior 7-Day Average 2.48
Current vs Prior 7-Day Avg -6.39%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/31) 1,773,040
Calls: 621,848 (35%)
Puts: 1,151,192 (65%)
Prior (07/30) 972,052
Calls: 293,450 (30%)
Puts: 678,602 (70%)
Current vs Prior +82.40%
Prior 7-Day Total 12,242,909
Calls: 3,902,644 (32%)
Puts: 8,340,265 (68%)
Prior 7-Day Average 1,748,987
Calls: 557,520 (32%)
Puts: 1,191,466 (68%)
Current vs Prior 7-Day Avg +1.38%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 2.85% | 4.75%8.44% | 11.75%
Prior 4.20% | 6.83%8.56% | 7.97%
Current vs Prior +13.14% | +5.19%-1.38% | +47.41%
Prior 7-Day Avg 4.35% | 7.02%10.07% | 9.69%
Current vs 7-Day Avg +9.37% | +2.41%-16.14% | +21.31%
Prior 7-Day Eod 4.20% | 6.83%8.56% | 7.97%
Current vs 7-Day Eod +13.14% | +5.19%-1.38% | +47.41%
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

Moderately bearish flow with 72% put dollar volume ($6.53M). Unusually high activity with volume up 149% vs prior - elevated interest. Extreme bearish P/C ratio of 2.32 - heavy put buying. P/C ratio dropping 52% - sentiment shifting bullish.

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. -- found (avg $--, cheapest $--)

No options available for this category

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 32 found (avg delta 0.84, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$24.50Jul 310.933.10$2.02107.4%201.00--
$25.00Jul 310.443.35$1.90153.2%2761.0098
$25.50Jul 310.552.12$1.34117.2%3111.001.5K
$26.00Jul 310.060.41$0.24145.8%2.4K1.002.2K
$23.00Aug 71.604.95$3.28102.1%11.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$30.00Jul 312.045.85$3.9596.5%40.991
$29.00Jul 311.234.85$3.04119.1%110.98--
$28.00Jul 310.203.85$2.03179.8%70.9828
$29.50Jul 311.755.35$3.55101.4%40.98--
$28.50Jul 310.714.35$2.53143.9%110.97--

Most actively traded options today. High liquidity = easy entry/exit. 73 active (total vol 26.8K, top 4.7K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$28.00Aug 210.170.29$0.2352.2%3.3K0.19118.6K
$26.00Jul 310.060.41$0.24145.8%2.4K1.002.2K
$26.50Jul 310.010.10$0.06150.0%2.2K0.24125
$27.00Aug 210.270.48$0.3855.3%1.9K0.3112.9K
$26.50Aug 70.080.50$0.29144.8%1.6K0.3828
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$25.00Aug 210.160.34$0.2572.0%4.7K0.2663.6K
$26.00Jul 310.010.05$0.03133.3%2.7K0.21370
$25.50Aug 70.010.15$0.08175.0%1.6K0.20163
$25.00Aug 140.110.34$0.23100.0%1.1K0.28766
$26.00Aug 70.100.35$0.22113.6%4840.4555

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 19 strikes (avg 1101.3%, max 7008.4%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$23.00Jul 31Sep 113148.1%44.3%7008.4%2--
$25.50Jul 31Aug 21226.1%15.6%1351.4%3141.6K
$25.00Jul 31Aug 21310.5%24.5%1167.9%315140
$29.00Jul 31Sep 4592.4%49.6%1094.6%2924
$27.00Jul 31Sep 11296.1%25.5%1062.1%549629
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$27.50Jul 31Aug 7518.2%35.2%1374.2%933
$25.50Jul 31Aug 7226.1%19.7%1049.9%1.9K4.8K
$27.00Jul 31Aug 21296.1%31.6%837.7%555.9K
$28.00Jul 31Aug 7411.6%44.4%827.3%2735
$25.00Jul 31Aug 28310.5%35.6%771.9%6032.6K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 16 found (best R:R 9.00, avg 3.00)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$28.00$29.00Aug 21$0.10$0.90$0.109.00$28.10
$27.00$29.00Aug 28$0.25$1.75$0.257.00$27.25
$27.00$27.50Aug 7$0.10$0.40$0.104.00$27.10
$27.50$30.00Aug 14$0.56$1.94$0.563.46$28.06
$24.50$25.00Jul 31$0.12$0.38$0.123.17$24.62
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$25.00$24.00Aug 21$0.16$0.84$0.165.25$24.84
$26.00$25.00Aug 21$0.23$0.77$0.233.35$25.77
$26.00$25.50Aug 7$0.14$0.36$0.142.57$25.86
$27.00$26.50Aug 7$0.15$0.35$0.152.33$26.85
$27.50$27.00Jul 31$0.29$0.21$0.290.72$27.21

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 19 found (best R:R 3.30, avg 0.99)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$23.00$27.00Sep 11$3.07$3.07$0.933.30$26.07
$23.00$24.00Aug 7$0.71$0.71$0.292.45$23.71
$27.50$28.00Aug 21$0.33$0.33$0.171.94$27.83
$26.00$27.00Aug 28$0.55$0.55$0.451.22$26.55
$26.00$26.50Aug 7$0.26$0.26$0.241.08$26.26
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$27.50$27.00Aug 7$0.36$0.36$0.142.57$27.14
$27.50$27.00Jul 31$0.29$0.29$0.211.38$27.21
$26.00$25.00Aug 28$0.58$0.58$0.421.38$25.42
$27.00$26.50Aug 7$0.15$0.15$0.350.43$26.85
$26.00$25.50Aug 7$0.14$0.14$0.360.39$25.86

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 9 found (avg debit $0.15, cheapest $0.06)

CALLS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$28.00Jul 31Aug 7$0.09411.6%44.4%
$27.00Jul 31Aug 7$0.16296.1%36.0%
$26.50Jul 31Aug 7$0.23200.7%32.1%
$26.00Jul 31Aug 7$0.31128.6%18.3%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$25.00Jul 31Aug 7$0.06310.5%28.2%
$25.50Jul 31Aug 7$0.07226.1%19.7%
$24.00Aug 7Aug 21$0.0830.8%26.7%
$26.00Jul 31Aug 7$0.19128.6%18.3%
$26.50Jul 31Aug 7$0.19200.7%32.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 19 found (cheapest 1.03% of stock, avg 5.63%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$26.00Jul 31$0.24$0.03$0.27$25.73$26.271.03%
$26.50Jul 31$0.06$0.51$0.57$25.93$27.072.17%
$25.50Aug 7$0.64$0.08$0.72$24.78$26.222.74%
$26.00Aug 7$0.55$0.22$0.77$25.23$26.772.93%
$26.50Aug 7$0.29$0.70$0.99$25.51$27.493.76%
$27.00Aug 7$0.19$0.85$1.04$25.96$28.043.95%
$26.00Aug 21$0.68$0.48$1.16$24.84$27.164.41%
$27.00Jul 31$0.03$1.15$1.18$25.82$28.184.49%
$27.50Aug 7$0.09$1.21$1.30$26.20$28.804.94%
$25.50Jul 31$1.34$0.01$1.35$24.15$26.855.13%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 41 found (cheapest 0.15% of stock, avg 1.92%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$27.00$25.50Jul 31$0.03$0.01$0.04$25.46$27.04
$27.00$26.00Jul 31$0.03$0.03$0.06$25.94$27.06
$26.50$25.50Jul 31$0.06$0.01$0.07$25.43$26.57
$27.50$25.50Jul 31$0.06$0.01$0.07$25.43$27.57
$26.50$26.00Jul 31$0.06$0.03$0.09$25.91$26.59
$27.50$26.00Jul 31$0.06$0.03$0.09$25.91$27.59
$30.00$24.00Aug 21$0.05$0.09$0.14$23.86$30.14
$27.50$25.00Aug 7$0.09$0.07$0.16$24.84$27.66
$27.50$25.50Aug 7$0.09$0.08$0.17$25.33$27.67
$28.00$25.00Aug 7$0.10$0.07$0.17$24.83$28.17

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 7 found (best R:R 1.27, avg credit $0.45)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
25/2628/28Aug 21$0.56$0.441.27$25.44$28.06
24/2528/28Aug 21$0.49$0.510.96$24.51$27.99
26/2627/28Aug 7$0.24$0.260.92$25.76$27.24
24/2526/27Aug 21$0.46$0.540.85$24.54$26.46
25/2627/29Aug 28$0.83$1.170.71$25.17$27.83
25/2628/29Aug 21$0.33$0.670.49$25.67$28.33
24/2528/29Aug 21$0.26$0.740.35$24.74$28.26

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 14 found (best R:R 13.29, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$26.50$27.00$27.50Jul 31$0.06$0.447.33
$27.00$27.50$28.00Aug 7$0.11$0.393.55
$26.00$26.50$27.00Jul 31$0.15$0.352.33
$26.00$26.50$27.00Aug 7$0.16$0.342.12
$26.50$27.00$27.50Aug 14$0.44$0.060.14
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$24.00$25.00$26.00Aug 21$0.07$0.9313.29
$23.00$24.00$25.00Aug 21$0.10$0.909.00
$25.00$25.50$26.00Aug 7$0.13$0.372.85
$26.00$26.50$27.00Jul 31$0.16$0.342.13
$26.50$27.00$27.50Aug 7$0.21$0.291.38

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 25 found (best net $-0.56, 10 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$23.00$24.501:2Jul 31-$0.56$0.94
$26.00$27.001:2Aug 21-$0.08$0.92
$27.00$27.501:2Jul 31-$0.09$0.41
$26.50$27.001:2Aug 7-$0.09$0.41
$27.50$28.001:2Aug 7-$0.11$0.39
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$25.50$25.001:2Aug 7-$0.06$0.44
$28.00$27.501:2Aug 7-$0.38$0.12
$27.50$27.001:2Aug 7-$0.49$0.01
$25.00$24.001:2Aug 7$0.05$0.95
$25.00$24.001:2Aug 21$0.07$0.93

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 7 found (best yield 1.03%, avg 0.53%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$27.00Aug 21$0.270.312.7%1.03%3.69%1.9K12.9K
$28.00Aug 21$0.170.196.5%0.65%7.11%3.3K118.6K
$29.00Aug 28$0.130.1410.3%0.49%10.76%13544
$27.50Aug 21$0.110.324.6%0.42%4.98%17206
$29.00Aug 21$0.110.1210.3%0.42%10.68%659136.5K
$27.00Aug 7$0.100.252.7%0.38%3.04%202597
$26.50Aug 7$0.080.380.8%0.30%1.06%1.6K28

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 36,369
Total Puts 84,361
Put/Call Ratio 2.32
Net Difference -47,992

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 214,254
Total Puts 453,390
Average Put/Call Ratio 2.48
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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