Tour v527
WBD
WARNER BROS DISCOVER Series A
$28.04 -0.57%
(9/10 19:14) ◀
|
Friday, September 11, 2026 (7:11pm)
January 2026
|
▶
◀ 9/11 19:11

Option Volume

Detail
ℹ
Current (09/11) 70,303
Calls: 57,825 (82%)
Puts: 12,478 (18%)
Prior (09/10) 66,264
Calls: 43,751 (66%)
Puts: 22,513 (34%)
Current vs Prior +6.10%
Calls: +32.17% (Calls)
Puts: -44.57% (Puts)
Prior 7-Day Total 477,647
Calls: 200,652 (42%)
Puts: 276,995 (58%)
Prior 7-Day Average 68,235
Calls: 28,664 (42%)
Puts: 39,570 (58%)
Current vs Prior 7-Day Avg +3.03%
Calls: +101.73%
Puts: -68.47%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (09/11) $6.54M
Calls: $5.26M (80%)
Puts: $1.29M (20%)
Prior (09/10) $7.99M
Calls: $5.51M (69%)
Puts: $2.48M (31%)
Current vs Prior -18.10%
Calls: -4.66%
Puts: -48.01%
Prior 7-Day Total $29.50M
Calls: $14.41M (49%)
Puts: $15.09M (51%)
Prior 7-Day Average $4.21M
Calls: $2.06M (49%)
Puts: $2.16M (51%)
Current vs Prior 7-Day Avg +55.25%
Calls: +155.24%
Puts: -40.27%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (09/11) 0.22
Prior (09/10) 0.51
Current vs Prior -58.06%
Prior 7-Day Average 1.56
Current vs Prior 7-Day Avg -86.12%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (09/11) 1,693,889
Calls: 640,139 (38%)
Puts: 1,053,750 (62%)
Prior (09/10) 1,522,057
Calls: 627,145 (41%)
Puts: 894,912 (59%)
Current vs Prior +11.29%
Prior 7-Day Total 10,349,422
Calls: 3,668,838 (35%)
Puts: 6,680,584 (65%)
Prior 7-Day Average 1,478,488
Calls: 524,119 (35%)
Puts: 954,369 (65%)
Current vs Prior 7-Day Avg +14.57%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (09/11) | Next (09/18)Expiry (09/18) | Next (10/16)
Current 5.14% | 5.03%5.03% | 10.02%
Prior 3.37% | 6.84%6.84% | 9.79%
Current vs Prior +49.27% | +52.68%-26.53% | +2.39%
Prior 7-Day Avg 3.97% | 6.43%6.18% | 9.85%
Current vs 7-Day Avg +26.60% | +62.55%-18.58% | +1.74%
Prior 7-Day Eod 3.37% | 6.84%6.84% | 9.79%
Current vs 7-Day Eod +49.27% | +52.68%-26.53% | +2.39%
Sentiment BEARISHBULLISH

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

Strong bullish conviction with 80% of dollar volume in calls ($5.26M) vs puts ($1.29M). Dollar volume significantly above 7-day average (55% higher). Extreme bullish P/C ratio of 0.22 - heavy call buying (57,825 calls vs 12,478 puts). P/C ratio dropping 58% - sentiment shifting bullish.

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 BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
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 1 of results (avg 3.1%, best 3.1%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Oct 160.630.65$0.643.1%30.9K0.3888.7K
PUTS (0)
No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 4 found (avg $0.51, cheapest $0.18)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Sep 180.160.19$0.1816.7%7.4K0.3083.9K
$30.00Oct 160.270.30$0.2910.3%4840.2249.2K
$29.00Oct 160.630.65$0.643.1%30.9K0.3888.7K
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$28.00Oct 160.850.98$0.9214.1%5.0K0.4766.6K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 29 found (avg delta 0.81, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$23.00Sep 254.857.20$6.0339.0%11.002
$23.00Sep 113.407.15$5.2871.0%60.995
$24.00Sep 112.486.15$4.3285.0%60.994
$26.00Sep 110.474.05$2.26158.4%40.9912
$24.50Sep 112.005.65$3.8395.3%10.98--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$30.50Sep 110.774.60$2.68142.9%11.00--
$28.50Sep 180.161.55$0.86161.6%61.00--
$29.00Sep 180.003.25$1.63199.4%11.00--
$29.00Sep 110.003.10$1.55200.0%20.97--
$30.00Sep 110.284.10$2.19174.4%10.95--

Most actively traded options today. High liquidity = easy entry/exit. 70 active (total vol 59.6K, top 30.9K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Oct 160.630.65$0.643.1%30.9K0.3888.7K
$28.00Oct 161.001.15$1.0813.9%10.6K0.5343.7K
$29.00Sep 180.160.19$0.1816.7%7.4K0.3083.9K
$28.00Sep 110.010.26$0.14178.6%8690.64197
$28.00Sep 180.350.75$0.5572.7%7690.6648.4K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$28.00Oct 160.850.98$0.9214.1%5.0K0.4766.6K
$28.00Sep 110.000.09$0.05180.0%5640.371.4K
$26.00Oct 160.150.34$0.2576.0%4150.1832.8K
$27.00Oct 160.420.59$0.5133.3%3040.31136.3K
$27.00Sep 180.060.10$0.0850.0%3000.1322.0K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 3 strikes (avg 182.7%, max 320.7%)

CALLS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$28.00Sep 11Oct 2385.8%20.4%320.7%879241
$30.50Sep 18Sep 2548.7%43.2%12.7%8138
PUTS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$28.00Sep 11Oct 1685.8%27.3%214.6%5.6K68.1K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 21 found (best R:R 3.17, avg 1.78)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$26.00$27.00Sep 11$0.55$0.45$0.5599%0.82$26.55
$26.00$28.00Oct 9$0.99$1.01$0.9968%1.02$26.99
$28.00$28.50Sep 11$0.11$0.39$0.1164%3.55$28.11
$28.00$29.00Oct 16$0.44$0.56$0.4453%1.27$28.44
$28.00$28.50Sep 18$0.30$0.20$0.3066%0.67$28.30
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$29.00$27.00Sep 25$0.48$1.52$0.4873%3.17$28.52
$30.00$29.00Sep 11$0.64$0.36$0.6496%0.56$29.36
$29.00$28.50Sep 11$0.25$0.25$0.2597%1.00$28.75
$28.00$27.00Oct 16$0.41$0.59$0.4147%1.44$27.59
$28.00$27.50Sep 18$0.18$0.32$0.1841%1.78$27.82

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 12 found (best R:R 0.43, avg 0.54)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$30.00$31.00Oct 16$0.27$0.27$0.7378%0.37$30.27
$29.00$30.00Oct 2$0.39$0.39$0.6166%0.64$29.39
$30.50$31.00Sep 18$0.15$0.15$0.3584%0.43$30.65
$29.00$30.00Oct 16$0.35$0.35$0.6562%0.54$29.35
$29.00$30.00Oct 9$0.28$0.28$0.7266%0.39$29.28
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$27.00$23.00Sep 25$1.21$1.21$2.7959%0.43$25.79
$27.00$25.00Oct 2$1.06$1.06$0.9461%1.13$25.94
$27.00$25.00Oct 9$0.68$0.68$1.3264%0.52$26.32
$24.00$23.00Oct 23$0.30$0.30$0.7081%0.43$23.70
$27.00$26.00Oct 16$0.26$0.26$0.7469%0.35$26.74

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.35, cheapest $0.29)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$28.00Sep 11Sep 18$0.4185.8%33.0%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$28.00Sep 11Sep 18$0.2985.8%33.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 14 found (cheapest 0.68% of stock, avg 6.14%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$28.00Sep 11$0.14$0.05$0.19$27.81$28.190.68%
$27.50Sep 18$0.65$0.16$0.81$26.69$28.312.89%
$28.00Sep 18$0.55$0.34$0.89$27.11$28.893.17%
$28.50Sep 18$0.25$0.86$1.11$27.39$29.613.96%
$28.50Sep 11$0.03$1.30$1.33$27.17$29.834.74%
$29.00Sep 11$0.02$1.55$1.57$27.43$30.575.60%
$29.00Sep 18$0.18$1.63$1.81$27.19$30.816.46%
$28.00Oct 2$1.45$0.43$1.88$26.12$29.886.70%
$28.00Oct 16$1.08$0.92$2.00$26.00$30.007.13%
$29.00Sep 25$0.33$1.71$2.04$26.96$31.047.28%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 53 found (cheapest 0.25% of stock, avg 2.20%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$29.00$28.00Sep 11$0.02$0.05$0.07$27.93$29.07
$30.00$25.50Sep 18$0.05$0.05$0.10$25.40$30.10
$28.50$28.00Sep 11$0.03$0.05$0.08$27.92$28.58
$30.00$26.00Sep 18$0.05$0.07$0.12$25.88$30.12
$30.00$27.00Sep 18$0.05$0.08$0.13$26.87$30.13
$29.50$25.50Sep 18$0.14$0.05$0.19$25.31$29.69
$30.50$25.50Sep 18$0.16$0.05$0.21$25.29$30.71
$29.50$27.00Sep 18$0.14$0.08$0.22$26.78$29.72
$29.50$26.00Sep 18$0.14$0.07$0.21$25.79$29.71
$30.00$27.50Sep 18$0.05$0.16$0.21$27.29$30.21

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 1 found (best R:R 1.13, avg credit $0.53)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
26/2730/31Oct 16$0.53$0.4747%1.13$26.47$30.53

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 16 found (best R:R 11.50, cheapest $0.07)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$29.00$30.00$31.00Oct 16$0.08$0.9234%11.50
$28.00$29.00$30.00Oct 16$0.09$0.9130%10.11
$28.00$28.50$29.00Sep 11$0.10$0.4058%4.00
$26.00$27.00$28.00Oct 16$0.12$0.8830%7.33
$27.00$28.00$29.00Oct 16$0.25$0.7531%3.00
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$26.00$27.00$28.00Oct 16$0.15$0.8530%5.67
$27.00$27.50$28.00Sep 18$0.10$0.4028%4.00
$27.50$28.00$28.50Sep 18$0.34$0.1677%0.47
$28.00$28.50$29.00Sep 18$0.25$0.2559%1.00
$25.00$26.00$27.00Oct 16$0.20$0.8019%4.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 33 found (best net $-0.46, 17 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$26.00$28.001:2Oct 9-$0.46$1.54
$28.00$29.001:2Oct 16-$0.20$0.80
$27.00$28.001:2Oct 16-$0.39$0.61
$28.50$29.001:2Sep 18-$0.11$0.39
$29.00$29.501:2Sep 18-$0.10$0.40
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$29.00$28.501:2Sep 18-$0.09$0.41
$29.00$28.001:2Oct 16-$0.11$0.89
$29.00$27.001:2Sep 25-$0.75$1.25
$28.00$27.001:2Oct 16-$0.10$0.90
$24.00$23.001:2Oct 23-$0.06$0.94

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 7 found (best yield 2.25%, avg 1.03%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$29.00Oct 16$0.630.383.4%2.25%5.67%30.9K88.7K
$29.00Oct 2$0.390.343.4%1.39%4.81%3110
$30.00Oct 16$0.270.227.0%0.96%7.95%48449.2K
$30.00Oct 9$0.180.197.0%0.64%7.63%64386
$29.00Sep 25$0.270.273.4%0.96%4.39%561.1K
$29.00Sep 18$0.160.303.4%0.57%3.99%7.4K83.9K
$30.00Oct 2$0.120.167.0%0.43%7.42%50562

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 57,825
Total Puts 12,478
Put/Call Ratio 0.22
Net Difference 45,347

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 200,652
Total Puts 276,995
Average Put/Call Ratio 1.56
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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