Tour v528
WBD
WARNER BROS DISCOVER Series A
$27.80 -1.56%
$30.12 (+8.35%)🌙
as of 09/18 07:14 PM
(9/15 19:24) ◀
|
Friday, September 18, 2026 (7:14pm)
January 2026
|
▶ (9/21 16:00)
◀ 9/18 19:14 ▶

Option Volume

Detail
ℹ
Current (09/18) 191,842
Calls: 62,596 (33%)
Puts: 129,246 (67%)
Prior (09/15) 44,104
Calls: 13,060 (30%)
Puts: 31,044 (70%)
Current vs Prior +334.98%
Calls: +379.30% (Calls)
Puts: +316.33% (Puts)
Prior 7-Day Total 443,226
Calls: 225,768 (51%)
Puts: 217,458 (49%)
Prior 7-Day Average 63,318
Calls: 32,252 (51%)
Puts: 31,065 (49%)
Current vs Prior 7-Day Avg +202.98%
Calls: +94.08%
Puts: +316.04%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (09/18) $8.14M
Calls: $2.55M (31%)
Puts: $5.58M (69%)
Prior (09/15) $3.21M
Calls: $607.1K (19%)
Puts: $2.60M (81%)
Current vs Prior +153.85%
Calls: +320.45%
Puts: +114.92%
Prior 7-Day Total $32.13M
Calls: $18.31M (57%)
Puts: $13.82M (43%)
Prior 7-Day Average $4.59M
Calls: $2.62M (57%)
Puts: $1.97M (43%)
Current vs Prior 7-Day Avg +77.29%
Calls: -2.43%
Puts: +182.95%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (09/18) 2.06
Prior (09/15) 2.38
Current vs Prior -13.14%
Prior 7-Day Average 1.27
Current vs Prior 7-Day Avg +62.17%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (09/18) 1,832,607
Calls: 701,707 (38%)
Puts: 1,130,900 (62%)
Prior (09/15) 1,269,604
Calls: 627,309 (49%)
Puts: 642,295 (51%)
Current vs Prior +44.34%
Prior 7-Day Total 9,641,448
Calls: 3,948,706 (41%)
Puts: 5,692,742 (59%)
Prior 7-Day Average 1,377,349
Calls: 564,100 (41%)
Puts: 813,248 (59%)
Current vs Prior 7-Day Avg +33.05%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (09/18) | Next (09/25)Expiry (09/18) | Next (10/16)
Current 4.21% | 4.53%4.21% | 8.99%
Prior 2.50% | 6.71%2.50% | 8.99%
Current vs Prior +81.49% | -2.93%+68.53% | +0.03%
Prior 7-Day Avg 3.87% | 6.59%5.26% | 9.11%
Current vs 7-Day Avg +17.03% | -1.16%-19.94% | -1.29%
Prior 7-Day Eod 2.50% | 6.71%2.50% | 8.99%
Current vs 7-Day Eod +81.49% | -2.93%+68.53% | +0.03%
Sentiment BEARISHBEARISH

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

Moderately bearish flow with 69% put dollar volume ($5.58M). Massive premium surge with dollar volume up 154% vs prior. Dollar volume significantly above 7-day average (77% higher). Unusually high activity with volume up 335% vs prior - elevated interest.

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 BULLISH
Current BEARISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BEARISH
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 -- 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. 6 found (avg $0.62, cheapest $0.50)

CALLS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$28.00Sep 250.450.54$0.5018.0%2070.54186
$30.00Oct 160.230.28$0.2619.2%1.8K0.2050.8K
$29.00Oct 160.500.60$0.5518.2%5.3K0.34124.7K
$28.00Oct 160.800.93$0.8714.9%450.4948.9K
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$27.00Oct 160.530.63$0.5817.2%2.6K0.35131.2K
$28.00Oct 160.901.04$0.9714.4%5.8K0.5270.0K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 30 found (avg delta 0.80, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$25.00Sep 182.193.15$2.6736.0%41.0018.2K
$26.00Sep 181.282.63$1.9668.9%8121.00--
$27.00Sep 180.191.32$0.76148.7%5671.0014.1K
$27.50Sep 180.001.69$0.85198.8%21.00--
$26.00Oct 20.704.15$2.43142.0%1.2K0.83--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$31.00Sep 251.505.30$3.40111.8%1641.00--
$31.00Sep 181.895.30$3.6094.7%10.98--
$30.50Sep 181.464.80$3.13106.7%10.98--
$30.00Sep 180.604.30$2.45151.0%10.98--
$29.50Sep 180.853.80$2.32127.2%10.98--

Most actively traded options today. High liquidity = easy entry/exit. 74 active (total vol 75.8K, top 12.5K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$30.00Oct 20.070.20$0.1492.9%12.5K0.14591
$32.00Oct 160.010.02$0.0250.0%10.5K0.023.0K
$29.00Oct 160.500.60$0.5518.2%5.3K0.34124.7K
$28.50Sep 180.000.04$0.02200.0%4.2K0.08846
$29.00Sep 180.000.02$0.01200.0%3.6K0.0483.3K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$24.00Oct 20.010.09$0.05160.0%10.5K0.0533
$25.00Oct 160.221.46$0.84147.6%7.4K0.25173.5K
$28.00Oct 160.901.04$0.9714.4%5.8K0.5270.0K
$27.00Oct 160.530.63$0.5817.2%2.6K0.35131.2K
$27.50Sep 250.250.50$0.3865.8%1.8K0.364.0K

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. 27 found (best R:R 1.56, avg 2.19)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$25.00$26.00Oct 16$0.35$0.65$0.3575%1.86$25.35
$26.00$27.00Oct 2$0.51$0.49$0.5183%0.96$26.51
$28.00$29.00Oct 9$0.19$0.81$0.1958%4.26$28.19
$28.00$29.00Oct 2$0.20$0.80$0.2048%4.00$28.20
$27.00$27.50Sep 25$0.22$0.28$0.2270%1.27$27.22
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$31.00$30.00Oct 16$0.39$0.61$0.3994%1.56$30.61
$30.00$29.50Sep 18$0.13$0.37$0.1398%2.85$29.87
$27.00$26.00Oct 16$0.16$0.84$0.1635%5.25$26.84
$29.00$28.00Oct 16$0.55$0.45$0.5566%0.82$28.45
$28.00$27.00Oct 16$0.39$0.61$0.3952%1.56$27.61

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 16 found (best R:R 1.22, avg 0.44)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$30.50$31.00Sep 25$0.19$0.19$0.3183%0.61$30.69
$30.00$31.00Oct 16$0.22$0.22$0.7880%0.28$30.22
$29.50$30.00Sep 25$0.14$0.14$0.3679%0.39$29.64
$29.00$30.00Oct 16$0.29$0.29$0.7166%0.41$29.29
$29.00$30.00Oct 9$0.27$0.27$0.7362%0.37$29.27
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$25.00$24.00Oct 16$0.55$0.55$0.4575%1.22$24.45
$27.00$26.00Sep 25$0.45$0.45$0.5568%0.82$26.55
$27.00$25.00Oct 2$0.55$0.55$1.4565%0.38$26.45
$24.00$23.00Oct 9$0.25$0.25$0.7587%0.33$23.75
$27.00$26.00Oct 16$0.16$0.16$0.8465%0.19$26.84

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

No setups found for this strategy

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 19 found (cheapest 1.22% of stock, avg 5.97%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$28.00Sep 18$0.02$0.32$0.34$27.66$28.341.22%
$28.50Sep 18$0.02$0.42$0.44$28.06$28.941.58%
$27.00Sep 18$0.76$0.01$0.77$26.23$27.772.77%
$27.50Sep 18$0.85$0.02$0.87$26.63$28.373.13%
$28.00Sep 25$0.50$0.41$0.91$27.09$28.913.27%
$27.50Sep 25$0.85$0.38$1.23$26.27$28.734.42%
$29.00Sep 18$0.01$1.23$1.24$27.76$30.244.46%
$27.00Sep 25$1.07$0.51$1.58$25.42$28.585.68%
$28.50Sep 25$0.32$1.31$1.63$26.87$30.135.86%
$28.00Oct 16$0.87$0.97$1.84$26.16$29.846.62%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 44 found (cheapest 0.14% of stock, avg 2.93%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$28.00$27.50Sep 18$0.02$0.02$0.04$27.46$28.04
$28.50$27.50Sep 18$0.02$0.02$0.04$27.46$28.54
$30.00$26.00Sep 25$0.05$0.06$0.11$25.89$30.11
$30.00$25.00Oct 2$0.14$0.09$0.23$24.77$30.23
$30.50$26.00Sep 25$0.20$0.06$0.26$25.74$30.76
$29.50$26.00Sep 25$0.19$0.06$0.25$25.75$29.75
$29.00$26.00Sep 25$0.21$0.06$0.27$25.73$29.27
$30.00$25.00Oct 9$0.15$0.16$0.31$24.69$30.31
$30.00$24.00Oct 9$0.15$0.31$0.46$23.54$30.46
$28.50$26.00Sep 25$0.32$0.06$0.38$25.62$28.88

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 7 found (best R:R 3.35, avg credit $0.63)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
24/2530/31Oct 16$0.77$0.2355%3.35$24.23$30.77
24/2529/30Oct 16$0.84$0.1641%5.25$24.16$29.84
26/2730/31Sep 25$0.64$0.3652%1.78$26.36$31.14
26/2730/30Sep 25$0.59$0.4147%1.44$26.41$30.09
26/2730/31Oct 16$0.38$0.6245%0.61$26.62$30.38
26/2729/30Oct 16$0.45$0.5531%0.82$26.55$29.45
25/2729/30Oct 2$0.76$1.2435%0.61$26.24$29.76

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 16 found (best R:R 13.29, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$29.00$30.00$31.00Oct 16$0.07$0.9329%13.29
$28.00$28.50$29.00Sep 25$0.07$0.4328%6.14
$28.50$29.00$29.50Sep 25$0.09$0.4117%4.56
$27.50$28.00$28.50Sep 25$0.17$0.3328%1.94
$27.00$27.50$28.00Oct 2$0.13$0.3718%2.85
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$27.00$27.50$28.00Sep 18$0.29$0.2185%0.72
$27.00$28.00$29.00Oct 16$0.16$0.8431%5.25
$28.00$29.00$30.00Oct 16$0.17$0.8328%4.88
$23.00$24.00$25.00Oct 23$0.06$0.949%15.67
$26.00$27.00$28.00Oct 16$0.23$0.7728%3.35

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 38 found (best net $-0.18, 23 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$27.00$28.001:2Oct 16-$0.21$0.79
$28.00$29.001:2Oct 9-$0.23$0.77
$28.00$29.001:2Oct 2-$0.15$0.85
$28.00$29.001:2Oct 16-$0.23$0.77
$27.50$28.001:2Sep 25-$0.15$0.35
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$31.00$29.001:2Sep 25-$0.18$1.82
$29.50$29.001:2Sep 18-$0.14$0.36
$28.50$28.001:2Sep 18-$0.22$0.28
$28.00$27.001:2Oct 16-$0.19$0.81
$29.00$28.001:2Oct 16-$0.42$0.58

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 13 found (best yield 1.80%, avg 1.13%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$29.00Oct 16$0.500.344.3%1.80%6.12%5.3K124.7K
$28.00Oct 16$0.800.490.7%2.88%3.60%4548.9K
$29.00Oct 9$0.300.384.3%1.08%5.40%343
$30.00Oct 16$0.230.207.9%0.83%8.74%1.8K50.8K
$29.00Oct 2$0.300.304.3%1.08%5.40%9817
$28.00Oct 23$0.530.460.7%1.91%2.63%1--
$28.00Sep 25$0.450.540.7%1.62%2.34%207186
$28.50Sep 25$0.250.382.5%0.90%3.42%11619
$29.00Sep 25$0.170.264.3%0.61%4.93%8347.9K
$30.00Oct 9$0.100.177.9%0.36%8.27%293469

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 62,596
Total Puts 129,246
Put/Call Ratio 2.06
Net Difference -66,650

Prior's Put/Call Breakdown

Total Calls 13,060
Total Puts 31,044
Put/Call Ratio 2.38
Net Difference -17,984

Prior 7-Day Put/Call Summary

Total Calls 225,768
Total Puts 217,458
Average Put/Call Ratio 1.27
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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