Tour v527
WBD
WARNER BROS DISCOVER Series A
$28.20 +1.04%
$28.18 (-0.07%)🌙
as of 09/10 07:14 PM
9/10 19:14

Option Volume

Detail
Current (09/10) 66,264
Calls: 43,751 (66%)
Puts: 22,513 (34%)
Prior (09/09) 37,894
Calls: 16,710 (44%)
Puts: 21,184 (56%)
Current vs Prior +74.87%
Calls: +161.83% (Calls)
Puts: +6.27% (Puts)
Prior 7-Day Total 475,165
Calls: 177,535 (37%)
Puts: 297,630 (63%)
Prior 7-Day Average 67,880
Calls: 25,362 (37%)
Puts: 42,518 (63%)
Current vs Prior 7-Day Avg -2.38%
Calls: +72.51%
Puts: -47.05%
Sentiment BULLISH

Dollar Volume

Detail
Current (09/10) $7.99M
Calls: $5.51M (69%)
Puts: $2.48M (31%)
Prior (09/09) $2.74M
Calls: $1.01M (37%)
Puts: $1.73M (63%)
Current vs Prior +191.75%
Calls: +444.74%
Puts: +43.45%
Prior 7-Day Total $25.39M
Calls: $11.03M (43%)
Puts: $14.35M (57%)
Prior 7-Day Average $3.63M
Calls: $1.58M (43%)
Puts: $2.05M (57%)
Current vs Prior 7-Day Avg +120.27%
Calls: +249.69%
Puts: +20.77%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (09/10) 0.51
Prior (09/09) 1.27
Current vs Prior -59.41%
Prior 7-Day Average 1.78
Current vs Prior 7-Day Avg -71.10%
Sentiment BULLISH

Open Interest

Detail
Current (09/10) 1,522,057
Calls: 627,145 (41%)
Puts: 894,912 (59%)
Prior (09/09) 1,263,174
Calls: 599,163 (47%)
Puts: 664,011 (53%)
Current vs Prior +20.49%
Prior 7-Day Total 10,051,724
Calls: 3,470,937 (35%)
Puts: 6,580,787 (65%)
Prior 7-Day Average 1,435,960
Calls: 495,848 (35%)
Puts: 940,112 (65%)
Current vs Prior 7-Day Avg +6.00%
Sentiment BULLISH

Expected Move

Detail
Expiry (09/11) | Next (09/18)Expiry (09/18) | Next (10/16)
Current 3.37% | 6.84%6.84% | 9.79%
Prior 2.62% | 4.30%4.30% | 8.38%
Current vs Prior +28.80% | +59.18%+59.18% | +16.74%
Prior 7-Day Avg 4.26% | 6.38%6.60% | 9.77%
Current vs 7-Day Avg -20.86% | +7.32%+3.69% | +0.14%
Prior 7-Day Eod 2.62% | 4.30%4.30% | 8.38%
Current vs 7-Day Eod +28.80% | +59.18%+59.18% | +16.74%
Sentiment BEARISHBEARISH

Relative Spread

Detail
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

Moderately bullish flow with 69% call dollar volume ($5.51M). Massive premium surge with dollar volume up 192% vs prior. Dollar volume significantly above 7-day average (120% higher). Above-average activity with volume up 75% vs prior.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BEARISH
7-Day Avg BEARISH
Current BULLISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BEARISH
Prior NEUTRAL
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 2 of results (avg 6.2%, best 2.9%)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Oct 160.690.71$0.702.9%26.8K0.4071.0K
$27.00Oct 161.801.98$1.899.5%440.7210.9K
PUTS (0)
No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 1 found (avg $0.70, cheapest $0.70)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Oct 160.690.71$0.702.9%26.8K0.4071.0K
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 0.81, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$23.00Sep 113.757.20$5.4863.0%41.001
$24.00Sep 112.476.20$4.3485.9%41.002
$27.00Sep 181.172.31$1.7465.5%191.0014.2K
$27.00Sep 110.223.20$1.71174.3%60.9933
$25.00Sep 111.925.20$3.5692.1%10.985
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Sep 110.182.32$1.25171.2%21.0048
$31.00Sep 250.954.90$2.93134.8%5670.965
$28.50Sep 110.230.70$0.47100.0%250.9443
$28.00Sep 180.001.14$0.57200.0%1280.6313.5K
$27.50Sep 180.152.19$1.17174.4%2130.54296

Most actively traded options today. High liquidity = easy entry/exit. 61 active (total vol 43.4K, top 26.8K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Oct 160.690.71$0.702.9%26.8K0.4071.0K
$29.00Sep 180.210.26$0.2420.8%4.3K0.2382.2K
$30.00Sep 180.050.09$0.0757.1%2.1K0.0966.7K
$28.50Sep 110.100.15$0.1338.5%1.1K0.41843
$31.00Sep 180.000.02$0.01200.0%1.0K0.0229.3K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$28.00Oct 160.851.07$0.9622.9%1.8K0.4566.7K
$27.50Sep 250.002.50$1.25200.0%1.3K0.47--
$28.00Sep 110.020.13$0.08137.5%5950.25872
$31.00Sep 250.954.90$2.93134.8%5670.965
$27.00Sep 180.120.17$0.1533.3%3580.3822.0K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 2 strikes (avg 26.1%, max 26.1%)

CALLS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$28.00Sep 11Oct 1637.5%29.8%26.1%90543.9K
PUTS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$28.00Sep 11Oct 1637.5%29.8%26.1%2.4K67.6K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 15 found (best R:R 1.27, avg 1.83)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$27.50$28.00Sep 11$0.22$0.28$0.2293%1.27$27.72
$27.00$28.00Oct 16$0.65$0.35$0.6572%0.54$27.65
$28.00$29.00Oct 9$0.51$0.49$0.5159%0.96$28.51
$28.50$29.00Sep 11$0.11$0.39$0.1142%3.55$28.61
$29.00$30.00Sep 25$0.20$0.80$0.2028%4.00$29.20
BEAR PUT (3)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$26.50$26.00Sep 18$0.16$0.34$0.1628%2.12$26.34
$28.00$27.00Oct 16$0.56$0.44$0.5645%0.79$27.44
$27.00$25.00Oct 2$0.59$1.41$0.5935%2.39$26.41

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 10 found (best R:R 0.42, avg 0.52)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$30.00$31.00Oct 16$0.32$0.32$0.6876%0.47$30.32
$29.00$30.00Oct 2$0.34$0.34$0.6666%0.52$29.34
$29.00$30.00Oct 9$0.38$0.38$0.6257%0.61$29.38
$29.00$30.00Oct 16$0.36$0.36$0.6460%0.56$29.36
$29.00$29.50Sep 18$0.13$0.13$0.3777%0.35$29.13
BULL PUT (3)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$27.00$25.00Oct 2$0.59$0.59$1.4165%0.42$26.41
$28.00$27.00Oct 16$0.56$0.56$0.4455%1.27$27.44
$26.50$26.00Sep 18$0.16$0.16$0.3472%0.47$26.34

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.10, cheapest $0.12)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$28.50Sep 11Sep 18$0.1229.7%39.9%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$27.50Sep 18Sep 25$0.0848.0%69.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 11 found (cheapest 1.99% of stock, avg 6.02%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$28.00Sep 11$0.48$0.08$0.56$27.44$28.561.99%
$28.50Sep 11$0.13$0.47$0.60$27.90$29.102.13%
$28.00Sep 18$0.55$0.57$1.12$26.88$29.123.97%
$29.00Sep 11$0.02$1.25$1.27$27.73$30.274.50%
$27.00Sep 11$1.71$0.01$1.72$25.28$28.726.10%
$27.00Sep 18$1.74$0.15$1.89$25.11$28.896.70%
$28.00Sep 25$1.38$0.59$1.97$26.03$29.976.99%
$28.00Oct 2$1.55$0.57$2.12$25.88$30.127.52%
$28.00Oct 16$1.24$0.96$2.20$25.80$30.207.80%
$27.00Oct 16$1.89$0.40$2.29$24.71$29.298.12%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 46 found (cheapest 0.35% of stock, avg 2.67%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$30.00$25.50Sep 18$0.07$0.03$0.10$25.40$30.10
$29.00$28.00Sep 11$0.02$0.08$0.10$27.90$29.10
$30.00$26.00Sep 18$0.07$0.07$0.14$25.86$30.14
$29.50$25.50Sep 18$0.11$0.03$0.14$25.36$29.64
$29.50$26.00Sep 18$0.11$0.07$0.18$25.82$29.68
$28.50$28.00Sep 11$0.13$0.08$0.21$27.79$28.71
$30.00$27.00Sep 18$0.07$0.15$0.22$26.78$30.22
$29.00$25.50Sep 18$0.24$0.03$0.27$25.23$29.27
$30.00$25.00Oct 2$0.19$0.13$0.32$24.68$30.32
$29.50$27.00Sep 18$0.11$0.15$0.26$26.74$29.76

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 1 found (best R:R 1.38, avg credit $0.29)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
26/2629/30Sep 18$0.29$0.2149%1.38$26.21$29.29

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 15 found (best R:R 6.69, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$28.00$29.00$30.00Oct 9$0.13$0.8736%6.69
$27.00$28.00$29.00Oct 16$0.11$0.8933%8.09
$28.00$28.50$29.00Sep 11$0.24$0.2669%1.08
$28.50$29.00$29.50Sep 11$0.10$0.4037%4.00
$28.00$29.00$30.00Oct 16$0.18$0.8230%4.56
PUTS (4)
LowMidHighExpiryDebitMax GainPOPR:R
$25.00$26.00$27.00Oct 16$0.06$0.9412%15.67
$25.50$26.00$26.50Sep 18$0.12$0.3822%3.17
$28.00$28.50$29.00Sep 11$0.39$0.1175%0.28
$26.00$27.00$28.00Oct 16$0.50$0.5025%1.00

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 $-0.11, 12 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$28.00$29.001:2Oct 9-$0.11$0.89
$28.00$29.001:2Oct 16-$0.16$0.84
$26.00$27.001:2Sep 11-$0.75$0.25
$27.50$28.001:2Sep 11-$0.26$0.24
$27.00$28.001:2Oct 16-$0.59$0.41
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$27.50$27.001:2Sep 25-$0.23$0.27
$27.00$26.001:2Oct 16-$0.28$0.72
$27.00$26.501:2Sep 18-$0.31$0.19
$26.00$25.001:2Oct 16-$0.34$0.66
$28.00$27.001:2Oct 2-$0.87$0.13

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 11 found (best yield 2.45%, avg 0.85%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$29.00Oct 16$0.690.402.8%2.45%5.28%26.8K71.0K
$30.00Oct 16$0.270.246.4%0.96%7.34%69649.3K
$29.00Oct 9$0.300.432.8%1.06%3.90%141
$30.00Oct 9$0.190.236.4%0.67%7.06%144279
$29.00Oct 2$0.300.342.8%1.06%3.90%3278
$29.00Sep 25$0.280.282.8%0.99%3.83%3--
$30.00Oct 2$0.150.176.4%0.53%6.91%63530
$29.00Sep 18$0.210.232.8%0.74%3.58%4.3K82.2K
$30.00Sep 25$0.080.146.4%0.28%6.67%14397
$29.50Sep 18$0.070.134.6%0.25%4.86%1453

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 43,751
Total Puts 22,513
Put/Call Ratio 0.51
Net Difference 21,238

Prior's Put/Call Breakdown

Total Calls 16,710
Total Puts 21,184
Put/Call Ratio 1.27
Net Difference -4,474

Prior 7-Day Put/Call Summary

Total Calls 177,535
Total Puts 297,630
Average Put/Call Ratio 1.78
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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