Tour v492
WBD
WARNER BROS DISCOVER Series A
$26.38 +1.56%
(8/6 09:35) ◀
|
Thursday, August 6, 2026 (9:40am)
January 2026
|
▶ (8/6 09:45)
◀ 8/6 09:40 ▶

Option Volume

Detail
ℹ
Current (08/06 9:40am) 889
Calls: 702 (79%)
Puts: 187 (21%)
Prior (02/24) 102,808
Calls: 37,452 (36%)
Puts: 65,356 (64%)
Current vs Prior -99.14%
Calls: -98.13% (Calls)
Puts: -99.71% (Puts)
Prior 7-Day Total 521,183
Calls: 220,305 (42%)
Puts: 300,878 (58%)
Prior 7-Day Average 74,454
Calls: 31,472 (42%)
Puts: 42,982 (58%)
Current vs Prior 7-Day Avg -98.81%
Calls: -97.77%
Puts: -99.56%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/06 9:40am) $23.4K
Calls: $15.5K (66%)
Puts: $7.9K (34%)
Prior (02/24) $2.71M
Calls: $1.77M (65%)
Puts: $942.9K (35%)
Current vs Prior -99.14%
Calls: -99.12%
Puts: -99.16%
Prior 7-Day Total $25.70M
Calls: $15.16M (59%)
Puts: $10.54M (41%)
Prior 7-Day Average $3.67M
Calls: $2.17M (59%)
Puts: $1.51M (41%)
Current vs Prior 7-Day Avg -99.36%
Calls: -99.28%
Puts: -99.48%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/06 9:40am) 0.27
Prior (02/24) 1.75
Current vs Prior -84.74%
Prior 7-Day Average 1.53
Current vs Prior 7-Day Avg -82.54%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/06 9:40am) 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 12,497,694
Calls: 4,999,562 (36%)
Puts: 8,857,890 (64%)
Prior 7-Day Average 2,082,949
Calls: 714,223 (36%)
Puts: 1,265,412 (64%)
Current vs Prior 7-Day Avg +31.63%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 6.03% | 6.52%6.86% | 6.44%
Prior 2.95% | 4.88%8.37% | 6.51%
Current vs Prior +104.61% | +33.51%-18.05% | -1.03%
Prior 7-Day Avg 3.25% | 5.74%8.37% | 6.51%
Current vs 7-Day Avg +85.20% | +13.56%-18.05% | -1.03%
Prior 7-Day Eod 2.95% | 4.88%11.47% | 5.62%
Current vs 7-Day Eod +104.61% | +33.51%-40.21% | +14.63%
Sentiment BEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 34.88% | 122.22%
Calls: 34.88% | 122.22%
Puts: -- | --
Prior 110.47% | 279.89%
Calls: 159.65% | 332.00%
Puts: 61.29% | 227.78%
Current vs Prior -68.43% | -56.33%
Prior 7-Day Avg 70.52% | 135.60%
Calls: 54.86% | 116.99%
Puts: 86.17% | 184.84%
Current vs 7-Day Avg -50.54% | -9.87%
Liquidity Expensive
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🤖 AI Insights

Moderately bullish flow with 66% call dollar volume ($15.5K). Light premium activity with dollar volume down 99% vs prior. Below-average activity with volume down 99% vs prior. Extreme bullish P/C ratio of 0.27 - heavy call buying (702 calls vs 187 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
09:40BULLISHBULLISHBULLISH
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. -- found (avg $--, cheapest $--)

No options available for this category

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
$27.50Aug 70.013.25$1.63198.8%--0.9332
$30.00Sep 181.715.75$3.73108.3%--0.9225
$27.00Aug 70.012.50$1.25199.2%--0.91431
$29.00Sep 181.004.80$2.90131.0%--0.90281
$26.50Aug 70.002.31$1.16199.1%--0.8553

Most actively traded options today. High liquidity = easy entry/exit. 23 active (total vol 729, top 190)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$26.50Aug 70.050.08$0.0742.9%1900.262.8K
$27.00Aug 70.010.05$0.03133.3%1880.092.5K
$26.50Aug 210.030.54$0.29175.9%730.3659
$29.00Aug 210.070.09$0.0825.0%720.08136.7K
$26.00Aug 70.350.50$0.4334.9%210.581.3K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$25.00Sep 180.050.27$0.16137.5%1010.1826.8K
$26.00Aug 70.000.20$0.10200.0%150.543.4K
$25.00Aug 280.000.20$0.10200.0%50.15590
$25.00Aug 70.000.02$0.01200.0%40.052.6K
$25.00Aug 210.000.43$0.22195.5%40.3162.1K

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 345.5%, max 1068.2%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$22.00Aug 7Sep 18447.9%38.3%1068.2%--276
$26.00Aug 7Sep 1894.5%12.7%642.3%211.7K
$31.00Aug 7Sep 18140.0%22.3%526.5%--29.2K
$29.00Aug 7Sep 18100.6%21.1%376.1%433.6K
$30.00Aug 7Sep 18107.5%25.0%329.3%--43.3K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$22.00Aug 7Sep 18447.9%38.3%1068.2%--35.9K
$23.00Aug 7Sep 18379.0%37.5%910.1%--2.3K
$24.00Aug 7Sep 18250.9%29.9%739.2%--4.3K
$26.00Aug 7Sep 1894.5%12.7%642.3%1628.5K
$27.00Aug 7Sep 1852.0%18.0%188.6%--15.7K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 18 found (best R:R 9.00, avg 2.91)

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
$27.00$28.00Sep 18$0.21$0.79$0.213.76$27.21
$26.50$27.00Aug 21$0.15$0.35$0.152.33$26.65
$26.00$26.50Aug 21$0.20$0.30$0.201.50$26.20
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$23.00$22.00Sep 18$0.11$0.89$0.118.09$22.89
$26.00$25.00Sep 18$0.12$0.88$0.127.33$25.88
$24.00$23.00Aug 21$0.22$0.78$0.223.55$23.78
$25.00$24.50Aug 14$0.15$0.35$0.152.33$24.85
$27.00$26.00Aug 28$0.30$0.70$0.302.33$26.70

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 25 found (best R:R 12.89, avg 1.89)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$22.00$24.50Aug 7$2.32$2.32$0.1812.89$24.32
$26.00$26.50Aug 7$0.36$0.36$0.142.57$26.36
$25.00$26.00Sep 18$0.67$0.67$0.332.03$25.67
$26.00$26.50Aug 14$0.33$0.33$0.171.94$26.33
$24.50$25.00Aug 7$0.30$0.30$0.201.50$24.80
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$28.00$27.00Aug 21$0.88$0.88$0.127.33$27.12
$30.00$29.00Sep 18$0.83$0.83$0.174.88$29.17
$27.50$27.00Aug 7$0.38$0.38$0.123.17$27.12
$28.00$26.00Sep 4$1.38$1.38$0.622.23$26.62
$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 $0.26, cheapest $0.07)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$26.00Aug 7Aug 14$0.0794.5%33.0%
$26.50Aug 7Aug 14$0.1041.0%25.9%
$27.00Aug 7Aug 14$0.1052.0%33.2%
$22.00Aug 7Aug 21$0.21447.9%63.1%
$27.50Aug 7Aug 21$0.5166.8%59.6%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$26.50Aug 7Aug 21$0.1641.0%28.3%
$27.00Aug 7Aug 14$0.1752.0%33.2%
$25.00Aug 7Aug 14$0.1931.7%30.5%
$26.00Aug 7Aug 14$0.3094.5%33.0%
$24.00Aug 7Aug 14$0.31250.9%118.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 32 found (cheapest 2.01% of stock, avg 8.41%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$26.00Aug 7$0.43$0.10$0.53$25.47$26.532.01%
$26.00Aug 21$0.49$0.38$0.87$25.13$26.873.30%
$26.00Aug 14$0.50$0.40$0.90$25.10$26.903.41%
$26.00Sep 18$0.81$0.28$1.09$24.91$27.094.13%
$26.50Aug 7$0.07$1.16$1.23$25.27$27.734.66%
$27.00Aug 21$0.14$1.10$1.24$25.76$28.244.70%
$27.00Aug 7$0.03$1.25$1.28$25.72$28.284.85%
$27.00Sep 18$0.41$0.89$1.30$25.70$28.304.93%
$27.00Aug 14$0.13$1.42$1.55$25.45$28.555.88%
$26.50Aug 21$0.29$1.32$1.61$24.89$28.116.10%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 79 found (cheapest 0.19% of stock, avg 2.57%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$27.00$25.50Aug 7$0.03$0.02$0.05$25.45$27.05
$27.50$25.50Aug 7$0.03$0.02$0.05$25.45$27.55
$26.50$25.50Aug 7$0.07$0.02$0.09$25.41$26.59
$28.00$24.50Aug 14$0.06$0.05$0.11$24.39$28.11
$30.00$25.00Aug 28$0.05$0.10$0.15$24.85$30.15
$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
$26.50$24.50Aug 14$0.17$0.05$0.22$24.28$26.72
$29.00$22.00Sep 18$0.10$0.12$0.22$21.78$29.22
$29.00$25.00Aug 28$0.14$0.10$0.24$24.76$29.24

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 13 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$1.36$0.642.12$22.64$27.36
23/2428/28Aug 21$0.64$0.361.78$23.36$28.14
26/2728/29Aug 28$0.51$0.491.04$26.49$28.51
22/2326/27Sep 18$0.51$0.491.04$22.49$26.51
23/2426/26Aug 21$0.42$0.580.72$23.58$26.42
23/2426/27Aug 21$0.37$0.630.59$23.63$26.87
25/2627/28Sep 18$0.33$0.670.49$25.67$27.33

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
$27.00$28.00$29.00Sep 18$0.11$0.898.09
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$25.00$25.50$26.00Aug 7$0.07$0.436.14
$24.00$25.00$26.00Sep 18$0.21$0.793.76
$22.00$23.00$24.00Aug 21$0.39$0.611.56
$26.00$27.00$28.00Sep 18$0.41$0.591.44
$25.00$26.00$27.00Sep 18$0.49$0.511.04

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 36 found (best net $-0.69, 20 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
$29.00$30.001:2Sep 18-$0.06$0.94
$25.00$26.001:2Sep 18-$0.14$0.86
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$24.00$23.001:2Sep 18-$0.21$0.79
$28.00$27.001:2Aug 21-$0.22$0.78
$25.00$24.001:2Sep 18-$0.34$0.66
$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. 7 found (best yield 0.83%, avg 0.40%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$27.00Sep 18$0.220.382.4%0.83%3.18%115.9K
$28.00Sep 18$0.140.206.1%0.53%6.67%--30.7K
$28.00Aug 21$0.100.136.1%0.38%6.52%12117.5K
$27.50Aug 21$0.080.304.2%0.30%4.55%--219
$29.00Aug 21$0.070.089.9%0.27%10.20%72136.7K
$29.00Sep 18$0.070.119.9%0.27%10.20%433.6K
$27.00Aug 14$0.060.202.4%0.23%2.58%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 702
Total Puts 187
Put/Call Ratio 0.27
Net Difference 515

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 220,305
Total Puts 300,878
Average Put/Call Ratio 1.53
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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