Tour v492
WBD
WARNER BROS DISCOVER Series A
$26.32 +1.35%
(8/5 18:16) ◀
|
Thursday, August 6, 2026 (9:35am)
January 2026
|
▶ (8/6 09:40)
◀ 8/6 09:35 ▶

Option Volume

Detail
ℹ
Current (08/06 9:35am) 418
Calls: 335 (80%)
Puts: 83 (20%)
Prior (02/24) 102,808
Calls: 37,452 (36%)
Puts: 65,356 (64%)
Current vs Prior -99.59%
Calls: -99.11% (Calls)
Puts: -99.87% (Puts)
Prior 7-Day Total 520,765
Calls: 219,970 (42%)
Puts: 300,795 (58%)
Prior 7-Day Average 86,794
Calls: 31,424 (42%)
Puts: 42,970 (58%)
Current vs Prior 7-Day Avg -99.52%
Calls: -98.93%
Puts: -99.81%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/06 9:35am) $17.8K
Calls: $11.7K (66%)
Puts: $6.1K (34%)
Prior (02/24) $2.71M
Calls: $1.77M (65%)
Puts: $942.9K (35%)
Current vs Prior -99.34%
Calls: -99.34%
Puts: -99.35%
Prior 7-Day Total $25.68M
Calls: $15.15M (59%)
Puts: $10.54M (41%)
Prior 7-Day Average $4.28M
Calls: $2.16M (59%)
Puts: $1.51M (41%)
Current vs Prior 7-Day Avg -99.58%
Calls: -99.46%
Puts: -99.59%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/06 9:35am) 0.25
Prior (02/24) 1.75
Current vs Prior -85.80%
Prior 7-Day Average 1.74
Current vs Prior 7-Day Avg -85.75%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/06 9:35am) 2,741,776
Calls: 932,442 (34%)
Puts: 1,809,334 (66%)
Prior (02/24) 1,359,758
Calls: 596,435 (44%)
Puts: 763,323 (56%)
Current vs Prior +101.64%
Prior 7-Day Total 9,755,918
Calls: 4,067,120 (37%)
Puts: 7,048,556 (63%)
Prior 7-Day Average 1,951,183
Calls: 677,853 (37%)
Puts: 1,174,759 (63%)
Current vs Prior 7-Day Avg +40.52%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 5.93% | 6.61%6.95% | 6.46%
Prior 2.67% | 4.61%8.37% | 6.51%
Current vs Prior +121.74% | +43.29%-16.95% | -0.81%
Prior 7-Day Avg 3.25% | 5.74%8.37% | 6.51%
Current vs 7-Day Avg +82.12% | +15.15%-16.95% | -0.81%
Prior 7-Day Eod 2.67% | 4.61%11.47% | 5.62%
Current vs 7-Day Eod +121.74% | +43.29%-39.41% | +14.89%
Sentiment BEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 39.47% | 124.44%
Calls: 39.47% | 124.44%
Puts: -- | --
Prior 34.07% | 95.34%
Calls: 24.39% | 42.00%
Puts: 43.75% | 148.68%
Current vs Prior +15.85% | +30.52%
Prior 7-Day Avg 60.53% | 99.53%
Calls: 28.66% | 63.23%
Puts: 92.39% | 170.53%
Current vs 7-Day Avg -34.79% | +25.03%
Liquidity Expensive
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🤖 AI Insights

Moderately bullish flow with 66% call dollar volume ($11.7K). Light premium activity with dollar volume down 99% vs prior. Below-average activity with volume down 100% vs prior. Extreme bullish P/C ratio of 0.25 - heavy call buying (335 calls vs 83 puts).

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 BULLISH
Current BULLISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH
Sentiment Timeline (Today)
TimeSmart MoneyRetailOverall
14:05BEARISHBEARISHBEARISH
09:35BULLISHBULLISHBULLISH

📈 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. 1 found (avg $0.08, cheapest $0.08)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Aug 210.070.08$0.0812.5%670.08136.7K
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 37 found (avg delta 0.79, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$24.50Aug 70.153.85$2.00185.0%--1.0034
$25.00Aug 70.013.40$1.70199.4%--1.00118
$25.50Aug 70.502.89$1.70140.6%--1.00325
$25.50Aug 140.002.94$1.47200.0%--1.0021
$22.00Aug 212.656.40$4.5382.8%--1.0036
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$30.00Sep 181.715.80$3.76108.8%--0.9425
$27.00Aug 70.012.50$1.25199.2%--0.94431
$27.50Aug 70.013.30$1.65199.4%--0.9332
$29.00Sep 181.004.80$2.90131.0%--0.91281
$28.00Aug 210.153.85$2.00185.0%--0.863.1K

Most actively traded options today. High liquidity = easy entry/exit. 19 active (total vol 362, top 119)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$26.50Aug 70.060.15$0.1181.8%1190.292.8K
$26.50Aug 210.030.54$0.29175.9%730.3559
$29.00Aug 210.070.08$0.0812.5%670.08136.7K
$27.00Aug 70.010.03$0.02100.0%220.062.5K
$28.00Aug 210.070.14$0.1163.6%120.12117.5K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$26.00Aug 70.000.39$0.20195.0%150.553.4K
$25.00Aug 280.010.20$0.11172.7%50.27590
$25.00Aug 70.000.02$0.01200.0%40.052.6K
$25.00Aug 210.000.43$0.22195.5%40.3462.1K
$25.50Aug 70.000.04$0.02200.0%20.122.1K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 22 strikes (avg 302.8%, max 1080.3%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$22.00Aug 7Sep 18452.4%38.3%1080.3%--276
$31.00Aug 7Sep 18136.4%22.3%510.6%--29.2K
$29.00Aug 7Sep 1897.6%21.1%361.7%--33.6K
$30.00Aug 7Sep 18104.9%25.0%319.1%--43.3K
$26.00Aug 7Sep 1847.9%12.7%276.3%61.7K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$22.00Aug 7Sep 18452.4%38.3%1080.3%--35.9K
$23.00Aug 7Sep 18384.0%37.5%923.6%--2.3K
$24.00Aug 7Sep 18256.4%29.9%757.5%--4.3K
$26.00Aug 7Sep 1847.9%12.7%276.3%1628.5K
$27.00Aug 7Sep 1842.6%20.5%108.0%--15.7K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 20 found (best R:R 9.00, avg 2.78)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$28.00$29.00Sep 18$0.10$0.90$0.109.00$28.10
$28.00$29.00Aug 28$0.21$0.79$0.213.76$28.21
$26.50$27.00Aug 21$0.15$0.35$0.152.33$26.65
$27.00$28.00Sep 18$0.30$0.70$0.302.33$27.30
$26.00$27.00Sep 18$0.31$0.69$0.312.23$26.31
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$23.00$22.00Sep 18$0.11$0.89$0.118.09$22.89
$25.00$24.00Sep 18$0.14$0.86$0.146.14$24.86
$25.50$25.00Aug 14$0.10$0.40$0.104.00$25.40
$24.00$23.00Aug 21$0.22$0.78$0.223.55$23.78
$27.00$26.00Aug 28$0.29$0.71$0.292.45$26.71

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 26 found (best R:R 10.90, avg 1.82)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$22.00$24.50Aug 7$2.29$2.29$0.2110.90$24.29
$25.00$26.00Sep 18$0.67$0.67$0.332.03$25.67
$24.50$25.00Aug 7$0.30$0.30$0.201.50$24.80
$26.00$26.50Aug 14$0.30$0.30$0.201.50$26.30
$26.00$26.50Aug 7$0.27$0.27$0.231.17$26.27
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$28.00$27.00Aug 21$0.90$0.90$0.109.00$27.10
$30.00$29.00Sep 18$0.86$0.86$0.146.14$29.14
$27.50$27.00Aug 7$0.40$0.40$0.104.00$27.10
$28.00$26.00Sep 4$1.40$1.40$0.602.33$26.60
$27.00$26.00Sep 18$0.61$0.61$0.391.56$26.39

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 12 found (avg debit $0.29, cheapest $0.08)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$26.50Aug 7Aug 14$0.0848.0%28.3%
$26.00Aug 7Aug 14$0.1147.9%34.2%
$27.00Aug 7Aug 14$0.1142.6%33.8%
$22.00Aug 7Aug 21$0.24452.4%61.7%
$27.50Aug 7Aug 21$0.5164.1%61.2%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$25.00Aug 7Aug 14$0.0935.0%21.7%
$26.50Aug 7Aug 21$0.1648.0%29.9%
$25.50Aug 7Aug 14$0.1821.5%17.7%
$27.00Aug 7Aug 14$0.2042.6%33.8%
$24.00Aug 7Aug 14$0.31256.4%118.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 32 found (cheapest 2.20% of stock, avg 8.56%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$26.00Aug 7$0.38$0.20$0.58$25.42$26.582.20%
$26.00Aug 21$0.49$0.38$0.87$25.13$26.873.31%
$26.00Sep 18$0.81$0.28$1.09$24.91$27.094.14%
$27.00Aug 21$0.14$1.10$1.24$25.76$28.244.71%
$27.00Aug 7$0.02$1.25$1.27$25.73$28.274.83%
$26.50Aug 7$0.11$1.18$1.29$25.21$27.794.90%
$27.00Sep 18$0.50$0.89$1.39$25.61$28.395.28%
$27.00Aug 14$0.13$1.45$1.58$25.42$28.586.00%
$26.00Aug 14$0.49$1.12$1.61$24.39$27.616.12%
$26.50Aug 21$0.29$1.34$1.63$24.87$28.136.19%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 79 found (cheapest 0.15% of stock, avg 2.61%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$27.00$25.50Aug 7$0.02$0.02$0.04$25.46$27.04
$27.50$25.50Aug 7$0.03$0.02$0.05$25.45$27.55
$28.00$24.50Aug 14$0.06$0.05$0.11$24.39$28.11
$26.50$25.50Aug 7$0.11$0.02$0.13$25.37$26.63
$28.00$25.00Aug 14$0.06$0.10$0.16$24.84$28.16
$30.00$25.00Aug 28$0.05$0.11$0.16$24.84$30.16
$27.00$24.50Aug 14$0.13$0.05$0.18$24.32$27.18
$30.00$22.00Sep 18$0.08$0.12$0.20$21.80$30.20
$29.00$22.00Sep 18$0.10$0.12$0.22$21.78$29.22
$27.00$25.00Aug 14$0.13$0.10$0.23$24.77$27.23

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 14 found (best R:R 4.56, avg credit $0.55)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
23/2425/26Aug 21$0.82$0.184.56$23.18$25.82
22/2325/26Sep 18$0.78$0.223.55$22.22$25.78
26/2728/29Sep 18$0.71$0.292.45$26.29$28.71
22/2426/26Aug 14$1.33$0.671.99$22.67$27.33
23/2428/28Aug 21$0.65$0.351.86$23.35$28.15
26/2728/29Aug 28$0.50$0.501.00$26.50$28.50
24/2526/27Sep 18$0.45$0.550.82$24.55$26.45
24/2527/28Sep 18$0.44$0.560.79$24.56$27.44
23/2426/26Aug 21$0.42$0.580.72$23.58$26.42
22/2326/27Sep 18$0.42$0.580.72$22.58$26.42

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 19 found (best R:R 19.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$27.00$28.00$29.00Aug 14$0.05$0.9519.00
$29.00$30.00$31.00Aug 28$0.06$0.9415.67
$28.00$29.00$30.00Sep 18$0.08$0.9211.50
$26.00$26.50$27.00Aug 21$0.05$0.459.00
$28.00$29.00$30.00Aug 28$0.12$0.887.33
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$23.00$24.00$25.00Sep 18$0.12$0.887.33
$25.00$25.50$26.00Aug 7$0.17$0.331.94
$22.00$23.00$24.00Aug 21$0.39$0.611.56
$26.00$27.00$28.00Sep 18$0.41$0.591.44
$26.50$27.00$27.50Aug 7$0.33$0.170.52

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 39 found (best net $-0.69, 23 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$22.00$24.001:2Aug 21-$0.69$1.31
$29.00$30.001:2Aug 7$0.00$1.00
$28.00$29.001:2Sep 18$0.00$1.00
$28.00$29.001:2Aug 21-$0.05$0.95
$29.00$30.001:2Sep 18-$0.06$0.94
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$25.00$24.001:2Sep 18-$0.11$0.89
$28.00$27.001:2Aug 21-$0.20$0.80
$24.00$23.001:2Sep 18-$0.21$0.79
$23.00$22.001:2Aug 21-$0.37$0.63
$26.00$25.001:2Sep 4-$0.50$0.50

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 8 found (best yield 0.84%, avg 0.37%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$27.00Sep 18$0.220.392.6%0.84%3.42%115.9K
$28.00Sep 18$0.140.216.4%0.53%6.91%--30.7K
$27.50Aug 21$0.080.294.5%0.30%4.79%--219
$28.00Aug 21$0.070.126.4%0.27%6.65%12117.5K
$29.00Aug 21$0.070.0810.2%0.27%10.45%67136.7K
$29.00Sep 18$0.070.1110.2%0.27%10.45%--33.6K
$26.50Aug 7$0.060.290.7%0.23%0.91%1192.8K
$27.00Aug 14$0.060.202.6%0.23%2.81%5405

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 335
Total Puts 83
Put/Call Ratio 0.25
Net Difference 252

Prior's Put/Call Breakdown

Total Calls 37,452
Total Puts 65,356
Put/Call Ratio 1.75
Net Difference -27,904

Prior 7-Day Put/Call Summary

Total Calls 219,970
Total Puts 300,795
Average Put/Call Ratio 1.74
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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