Tour v526
WBD
WARNER BROS DISCOVER Series A
$28.12 -0.46%
$28.08 (-0.14%)🌙
as of 09/08 07:07 PM
(9/4 19:11) ◀
|
Tuesday, September 8, 2026 (7:07pm)
January 2026
|
▶ (9/9 19:11)
◀ 9/8 19:07 ▶

Option Volume

Detail
ℹ
Current (09/08) 69,074
Calls: 37,884 (55%)
Puts: 31,190 (45%)
Prior (09/04) 91,370
Calls: 36,566 (40%)
Puts: 54,804 (60%)
Current vs Prior -24.40%
Calls: +3.60% (Calls)
Puts: -43.09% (Puts)
Prior 7-Day Total 456,012
Calls: 153,371 (34%)
Puts: 302,641 (66%)
Prior 7-Day Average 65,144
Calls: 21,910 (34%)
Puts: 43,234 (66%)
Current vs Prior 7-Day Avg +6.03%
Calls: +72.91%
Puts: -27.86%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (09/08) $4.66M
Calls: $2.55M (55%)
Puts: $2.10M (45%)
Prior (09/04) $4.21M
Calls: $2.44M (58%)
Puts: $1.77M (42%)
Current vs Prior +10.64%
Calls: +4.56%
Puts: +19.03%
Prior 7-Day Total $20.89M
Calls: $8.76M (42%)
Puts: $12.13M (58%)
Prior 7-Day Average $2.98M
Calls: $1.25M (42%)
Puts: $1.73M (58%)
Current vs Prior 7-Day Avg +56.02%
Calls: +103.96%
Puts: +21.41%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (09/08) 0.82
Prior (09/04) 1.50
Current vs Prior -45.07%
Prior 7-Day Average 2.36
Current vs Prior 7-Day Avg -65.18%
Sentiment NEUTRAL

Open Interest

Detail
ℹ
Current (09/08) 1,460,756
Calls: 580,753 (40%)
Puts: 880,003 (60%)
Prior (09/04) 1,195,904
Calls: 397,648 (33%)
Puts: 798,256 (67%)
Current vs Prior +22.15%
Prior 7-Day Total 9,758,122
Calls: 3,135,483 (32%)
Puts: 6,622,639 (68%)
Prior 7-Day Average 1,394,017
Calls: 447,926 (32%)
Puts: 946,091 (68%)
Current vs Prior 7-Day Avg +4.79%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (09/11) | Next (09/18)Expiry (09/18) | Next (10/16)
Current 4.30% | 7.11%7.11% | 9.42%
Prior 6.02% | 3.93%3.93% | 8.81%
Current vs Prior -28.49% | +81.01%+81.01% | +6.92%
Prior 7-Day Avg 4.26% | 5.97%6.78% | 9.75%
Current vs 7-Day Avg +1.00% | +19.10%+4.84% | -3.31%
Prior 7-Day Eod 6.02% | 3.93%3.93% | 8.81%
Current vs 7-Day Eod -28.49% | +81.01%+81.01% | +6.92%
Sentiment BULLISHBEARISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 59.52% | 103.57%
Calls: 59.52% | 103.57%
Puts: -- | --
Prior 59.52% | 103.57%
Calls: 59.52% | 103.57%
Puts: -- | --
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 59.52% | 103.57%
Calls: 59.52% | 103.57%
Puts: 59.52% | 103.57%
Current vs 7-Day Avg +0.00% | -0.00%
Liquidity Expensive
+
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🤖 AI Insights

Dollar volume significantly above 7-day average (56% higher). P/C ratio dropping 45% - sentiment shifting bullish. Put-heavy open interest (880,003 puts vs 580,753 calls) suggests hedging or bearish positioning. Rising open interest (up 22%) indicates new positions being established.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BEARISH
Current NEUTRAL
Prior BEARISH
7-Day Avg NEUTRAL
Current NEUTRAL
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 3 of results (avg 3.8%, best 1.4%)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Oct 160.690.70$0.701.4%20.9K0.4250.2K
$28.00Oct 161.151.17$1.161.7%590.6043.7K
$28.00Sep 180.570.62$0.608.3%1320.6153.7K
PUTS (0)
No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 3 found (avg $0.53, cheapest $0.60)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$28.00Sep 180.570.62$0.608.3%1320.6153.7K
$30.00Oct 160.270.32$0.3016.7%4790.2549.1K
$29.00Oct 160.690.70$0.701.4%20.9K0.4250.2K
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 20 found (avg delta 0.77, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$27.00Sep 250.003.55$1.78199.4%21.00--
$25.50Sep 111.314.80$3.06114.1%10.99--
$27.00Sep 110.573.30$1.93141.5%100.9840
$25.00Sep 182.403.80$3.1045.2%40.97--
$26.50Sep 110.013.80$1.90199.5%10.96--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Sep 110.233.05$1.64172.0%21.00--
$31.00Sep 251.534.95$3.24105.6%50.96--
$29.00Sep 180.221.75$0.99154.5%1.5K0.74--
$29.00Oct 161.161.81$1.4943.6%10.61--
$28.00Sep 250.001.55$0.78198.7%10.51--

Most actively traded options today. High liquidity = easy entry/exit. 65 active (total vol 50.2K, top 20.9K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Oct 160.690.70$0.701.4%20.9K0.4250.2K
$29.00Sep 180.180.30$0.2450.0%5.7K0.3083.8K
$29.00Sep 110.060.10$0.0850.0%9100.24222
$28.50Sep 110.090.19$0.1471.4%5930.54288
$27.00Sep 181.051.79$1.4252.1%5350.8214.1K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$25.00Oct 160.160.23$0.2035.0%13.8K0.12168.5K
$24.00Oct 160.000.24$0.12200.0%3.8K0.0712.8K
$29.00Sep 180.221.75$0.99154.5%1.5K0.74--
$27.00Sep 180.100.20$0.1566.7%2130.1822.2K
$28.00Sep 180.150.45$0.30100.0%1060.4015.5K

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

No setups found for this strategy

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 15 found (best R:R 0.72, avg 3.35)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$27.00$28.00Oct 16$0.58$0.42$0.5874%0.72$27.58
$28.00$29.00Sep 18$0.36$0.64$0.3661%1.78$28.36
$28.00$29.00Oct 16$0.46$0.54$0.4660%1.17$28.46
$29.00$30.00Sep 25$0.21$0.79$0.2126%3.76$29.21
$29.00$30.00Oct 9$0.32$0.68$0.3234%2.12$29.32
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$28.00$27.00Oct 16$0.21$0.79$0.2142%3.76$27.79
$28.00$27.00Sep 18$0.15$0.85$0.1540%5.67$27.85
$27.00$25.00Oct 16$0.22$1.78$0.2227%8.09$26.78
$27.00$25.00Oct 2$0.23$1.77$0.2329%7.70$26.77
$26.00$25.00Sep 25$0.13$0.87$0.1318%6.69$25.87

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 11 found (best R:R 0.37, avg 0.39)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$30.00$31.00Oct 16$0.27$0.27$0.7375%0.37$30.27
$29.00$30.00Oct 2$0.31$0.31$0.6966%0.45$29.31
$29.00$30.00Oct 9$0.32$0.32$0.6866%0.47$29.32
$29.00$30.00Oct 16$0.40$0.40$0.6058%0.67$29.40
$29.00$30.00Sep 25$0.21$0.21$0.7974%0.27$29.21
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$28.00$27.00Sep 25$0.55$0.55$0.4549%1.22$27.45
$26.00$25.00Sep 25$0.13$0.13$0.8782%0.15$25.87
$27.00$25.00Oct 2$0.23$0.23$1.7771%0.13$26.77
$27.00$25.00Oct 16$0.22$0.22$1.7873%0.12$26.78
$28.00$27.00Sep 18$0.15$0.15$0.8560%0.18$27.85

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 1 found (avg debit $0.17, cheapest $0.17)

CALLS (0)
No calls found
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$28.00Sep 11Sep 18$0.1730.4%22.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 12 found (cheapest 2.99% of stock, avg 6.31%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$28.00Sep 11$0.71$0.13$0.84$27.16$28.842.99%
$28.00Sep 18$0.60$0.30$0.90$27.10$28.903.20%
$29.00Sep 18$0.24$0.99$1.23$27.77$30.234.37%
$27.00Sep 18$1.42$0.15$1.57$25.43$28.575.58%
$29.00Sep 11$0.08$1.64$1.72$27.28$30.726.12%
$28.00Oct 16$1.16$0.63$1.79$26.21$29.796.37%
$27.00Sep 11$1.93$0.02$1.95$25.05$28.956.93%
$27.00Sep 25$1.78$0.23$2.01$24.99$29.017.15%
$27.00Oct 16$1.74$0.42$2.16$24.84$29.167.68%
$29.00Oct 16$0.70$1.49$2.19$26.81$31.197.79%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 49 found (cheapest 0.25% of stock, avg 1.97%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$29.50$27.50Sep 11$0.02$0.05$0.07$27.43$29.57
$30.50$25.50Sep 18$0.06$0.06$0.12$25.38$30.62
$30.00$25.50Sep 18$0.07$0.06$0.13$25.37$30.13
$30.50$26.00Sep 18$0.06$0.08$0.14$25.86$30.64
$29.00$27.50Sep 11$0.08$0.05$0.13$27.37$29.13
$30.00$26.00Sep 18$0.07$0.08$0.15$25.85$30.15
$31.00$24.00Oct 16$0.03$0.12$0.15$23.85$31.15
$30.00$25.00Sep 25$0.10$0.07$0.17$24.83$30.17
$29.50$28.00Sep 11$0.02$0.13$0.15$27.85$29.65
$29.00$28.00Sep 11$0.08$0.13$0.21$27.79$29.21

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 3 found (best R:R 0.52, avg credit $0.46)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
25/2629/30Sep 25$0.34$0.6655%0.52$25.66$29.34
25/2730/31Oct 16$0.49$1.5148%0.32$26.51$30.49
25/2729/30Oct 2$0.54$1.4637%0.37$26.46$29.54

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 13 found (best R:R 15.67, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$28.00$29.00$30.00Oct 16$0.06$0.9436%15.67
$29.00$30.00$31.00Oct 16$0.13$0.8737%6.69
$27.00$28.00$29.00Oct 16$0.12$0.8832%7.33
$29.00$30.00$31.00Sep 25$0.12$0.8825%7.33
$25.00$26.00$27.00Sep 18$0.14$0.8615%6.14
PUTS (4)
LowMidHighExpiryDebitMax GainPOPR:R
$25.50$26.00$26.50Sep 18$0.06$0.449%7.33
$27.00$28.00$29.00Sep 18$0.54$0.4656%0.85
$26.00$27.00$28.00Sep 25$0.52$0.4832%0.92
$27.00$28.00$29.00Oct 16$0.65$0.3534%0.54

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 31 found (best net $-0.74, 10 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$25.50$26.501:2Sep 11-$0.74$0.26
$26.00$27.001:2Sep 18-$0.65$0.35
$28.00$29.001:2Oct 16-$0.24$0.76
$27.00$28.001:2Oct 16-$0.58$0.42
$30.50$32.001:2Sep 11-$0.01$1.49
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$28.00$27.001:2Sep 18$0.00$1.00
$28.00$27.001:2Oct 16-$0.21$0.79
$27.00$26.001:2Sep 25-$0.17$0.83
$27.00$23.001:2Sep 11$0.00$4.00
$27.00$26.501:2Sep 18-$0.17$0.33

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 12 found (best yield 2.45%, avg 0.82%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$29.00Oct 16$0.690.423.1%2.45%5.58%20.9K50.2K
$30.00Oct 16$0.270.256.7%0.96%7.65%47949.1K
$29.00Oct 2$0.400.343.1%1.42%4.55%1169
$29.00Oct 9$0.400.343.1%1.42%4.55%241
$29.50Sep 18$0.100.424.9%0.36%5.26%1--
$30.00Oct 9$0.180.196.7%0.64%7.33%137141
$29.00Sep 25$0.230.263.1%0.82%3.95%49--
$29.00Sep 18$0.180.303.1%0.64%3.77%5.7K83.8K
$30.00Oct 2$0.120.176.7%0.43%7.11%1--
$28.50Sep 11$0.090.541.4%0.32%1.67%593288

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 37,884
Total Puts 31,190
Put/Call Ratio 0.82
Net Difference 6,694

Prior's Put/Call Breakdown

Total Calls 36,566
Total Puts 54,804
Put/Call Ratio 1.50
Net Difference -18,238

Prior 7-Day Put/Call Summary

Total Calls 153,371
Total Puts 302,641
Average Put/Call Ratio 2.36
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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