Tour v492
WBD
WARNER BROS DISCOVER Series A
$26.41 +1.68%
(8/6 09:40) ◀
|
Thursday, August 6, 2026 (9:45am)
January 2026
|
▶ (8/6 09:50)
◀ 8/6 09:45 ▶

Option Volume

Detail
ℹ
Current (08/06 9:45am) 16,609
Calls: 11,913 (72%)
Puts: 4,696 (28%)
Prior (02/24) 102,808
Calls: 37,452 (36%)
Puts: 65,356 (64%)
Current vs Prior -83.84%
Calls: -68.19% (Calls)
Puts: -92.81% (Puts)
Prior 7-Day Total 521,654
Calls: 220,672 (42%)
Puts: 300,982 (58%)
Prior 7-Day Average 74,522
Calls: 31,524 (42%)
Puts: 42,997 (58%)
Current vs Prior 7-Day Avg -77.71%
Calls: -62.21%
Puts: -89.08%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/06 9:45am) $738.7K
Calls: $581.2K (79%)
Puts: $157.5K (21%)
Prior (02/24) $2.71M
Calls: $1.77M (65%)
Puts: $942.9K (35%)
Current vs Prior -72.73%
Calls: -67.09%
Puts: -83.30%
Prior 7-Day Total $25.71M
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 -79.89%
Calls: -73.17%
Puts: -89.55%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/06 9:45am) 0.39
Prior (02/24) 1.75
Current vs Prior -77.41%
Prior 7-Day Average 1.53
Current vs Prior 7-Day Avg -74.21%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/06 9:45am) 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 15,239,470
Calls: 4,999,562 (36%)
Puts: 8,857,890 (64%)
Prior 7-Day Average 2,177,067
Calls: 714,223 (36%)
Puts: 1,265,412 (64%)
Current vs Prior 7-Day Avg +25.94%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 2.46% | 6.21%3.37% | 6.29%
Prior 2.95% | 4.88%8.37% | 6.51%
Current vs Prior -16.45% | +27.15%-59.75% | -3.47%
Prior 7-Day Avg 3.25% | 5.74%8.37% | 6.51%
Current vs 7-Day Avg -24.37% | +8.16%-59.75% | -3.47%
Prior 7-Day Eod 2.95% | 4.88%11.47% | 5.62%
Current vs 7-Day Eod -16.45% | +27.15%-70.63% | +11.80%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 50.00% | 522.22%
Calls: 50.00% | 522.22%
Puts: -- | --
Prior 110.47% | 279.89%
Calls: 159.65% | 332.00%
Puts: 61.29% | 227.78%
Current vs Prior -54.74% | +86.58%
Prior 7-Day Avg 70.52% | 135.60%
Calls: 54.86% | 116.99%
Puts: 86.17% | 184.84%
Current vs 7-Day Avg -29.09% | +285.12%
Liquidity Expensive
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🤖 AI Insights

Strong bullish conviction with 79% of dollar volume in calls ($581.2K) vs puts ($157.5K). Light premium activity with dollar volume down 73% vs prior. Below-average activity with volume down 84% vs prior. Extreme bullish P/C ratio of 0.39 - heavy call buying (11,913 calls vs 4,696 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
09:45BULLISHBULLISHBULLISH
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. 34 found (avg delta 0.81, 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 70.522.88$1.70138.8%--1.00325
$26.00Aug 70.300.50$0.4050.0%261.001.3K
$25.50Aug 140.002.94$1.47200.0%--1.0021
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$26.00Aug 70.000.20$0.10200.0%151.003.4K
$27.50Aug 70.013.20$1.61198.1%--0.9332
$30.00Sep 181.715.70$3.71107.5%--0.9225
$27.00Aug 70.012.50$1.25199.2%--0.91431
$29.00Sep 181.004.75$2.88130.2%--0.89281

Most actively traded options today. High liquidity = easy entry/exit. 24 active (total vol 1.8K, top 946)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$26.50Aug 70.050.10$0.0862.5%9460.282.8K
$27.00Aug 70.010.05$0.03133.3%3380.092.5K
$25.00Sep 180.811.93$1.3781.8%840.8319.3K
$26.50Aug 210.030.54$0.29175.9%730.4459
$29.00Aug 210.070.09$0.0825.0%720.09136.7K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$25.00Sep 180.050.27$0.16137.5%1010.1826.8K
$26.00Aug 70.000.20$0.10200.0%151.003.4K
$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%40.2162.1K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 18 strikes (avg 361.3%, max 1075.6%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$22.00Aug 7Sep 18448.0%38.1%1075.6%--276
$31.00Aug 7Sep 18140.4%22.6%522.2%--29.2K
$29.00Aug 7Sep 18100.9%21.4%371.9%433.6K
$30.00Aug 7Sep 18107.8%25.3%325.6%--43.3K
$31.50Aug 7Aug 21149.9%39.0%284.1%--70
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$22.00Aug 7Sep 18448.0%38.1%1075.6%--35.9K
$23.00Aug 7Sep 18379.0%37.2%917.8%--2.3K
$24.00Aug 7Sep 18250.7%29.6%746.8%--4.3K
$27.00Aug 7Sep 1852.0%18.5%181.6%--15.7K
$26.50Aug 7Aug 2141.3%16.7%147.1%--76

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 22 found (best R:R 15.67, avg 2.82)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$28.00$29.00Aug 28$0.21$0.79$0.213.76$28.21
$27.00$28.00Sep 18$0.22$0.78$0.223.55$27.22
$26.50$27.00Aug 21$0.14$0.36$0.142.57$26.64
$26.00$27.00Sep 18$0.36$0.64$0.361.78$26.36
$26.00$26.50Aug 21$0.20$0.30$0.201.50$26.20
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$24.00$22.00Aug 14$0.12$1.88$0.1215.67$23.88
$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
$27.00$26.00Aug 28$0.25$0.75$0.253.00$26.75
$26.50$26.00Aug 7$0.15$0.35$0.152.33$26.35

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 25 found (best R:R 14.62, avg 1.57)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$22.00$24.50Aug 7$2.34$2.34$0.1614.62$24.34
$26.00$26.50Aug 7$0.32$0.32$0.181.78$26.32
$24.50$25.00Aug 7$0.30$0.30$0.201.50$24.80
$25.00$26.00Sep 18$0.60$0.60$0.401.50$25.60
$27.00$29.00Sep 4$0.88$0.88$1.120.79$27.88
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$30.00$29.00Sep 18$0.83$0.83$0.174.88$29.17
$27.50$27.00Aug 7$0.36$0.36$0.142.57$27.14
$28.00$26.00Sep 4$1.25$1.25$0.751.67$26.75
$27.00$26.00Sep 18$0.61$0.61$0.391.56$26.39
$24.50$24.00Aug 21$0.28$0.28$0.221.27$24.22

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 10 found (avg debit $0.33, cheapest $0.10)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$26.50Aug 7Aug 14$0.1041.3%25.6%
$27.00Aug 7Aug 14$0.1052.0%32.8%
$22.00Aug 7Aug 21$0.19448.0%73.2%
$27.50Aug 7Aug 21$0.5166.9%46.2%
$25.00Aug 7Aug 21$0.5531.4%32.9%
PUTS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$26.50Aug 7Aug 21$0.1541.3%16.7%
$27.00Aug 7Aug 14$0.1552.0%32.8%
$25.00Aug 7Aug 14$0.1931.4%30.8%
$25.50Aug 7Aug 14$0.3815.4%32.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 32 found (cheapest 1.25% of stock, avg 8.11%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$26.50Aug 7$0.08$0.25$0.33$26.17$26.831.25%
$26.00Aug 7$0.40$0.10$0.50$25.50$26.501.89%
$26.00Aug 21$0.49$0.18$0.67$25.33$26.672.54%
$26.50Aug 21$0.29$0.40$0.69$25.81$27.192.61%
$27.00Aug 21$0.15$0.68$0.83$26.17$27.833.14%
$26.00Sep 18$0.77$0.28$1.05$24.95$27.053.98%
$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$28.304.92%
$26.00Aug 14$1.39$0.13$1.52$24.48$27.525.76%
$27.00Aug 14$0.13$1.40$1.53$25.47$28.535.79%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 84 found (cheapest 0.19% of stock, avg 2.44%)

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$0.08$0.02$0.10$25.40$26.60
$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
$28.00$26.00Aug 14$0.06$0.13$0.19$25.81$28.19
$30.00$22.00Sep 18$0.08$0.12$0.20$21.80$30.20
$28.00$24.00Aug 14$0.06$0.15$0.21$23.79$28.21
$29.00$22.00Sep 18$0.10$0.12$0.22$21.78$29.22

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 6 found (best R:R 2.45, avg credit $0.61)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
22/2325/26Sep 18$0.71$0.292.45$22.29$25.71
22/2426/26Aug 14$1.33$0.671.99$22.67$27.33
22/2326/27Sep 18$0.47$0.530.89$22.53$26.47
26/2728/29Aug 28$0.46$0.540.85$26.54$28.46
25/2627/28Sep 18$0.34$0.660.52$25.66$27.34
22/2327/28Sep 18$0.33$0.670.49$22.67$27.33

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 21 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$0.07$0.9313.29
$26.50$27.00$27.50Aug 7$0.05$0.459.00
$26.00$26.50$27.00Aug 21$0.06$0.447.33
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$26.00$26.50$27.00Aug 21$0.06$0.447.33
$25.00$25.50$26.00Aug 7$0.07$0.436.14
$25.50$26.00$26.50Aug 7$0.07$0.436.14
$22.00$23.00$24.00Aug 21$0.21$0.793.76
$24.00$25.00$26.00Sep 18$0.21$0.793.76

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 32 found (best net $-0.69, 19 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
$29.00$30.001:2Sep 18-$0.06$0.94
$28.00$29.001:2Aug 21-$0.07$0.93
$25.00$26.001:2Sep 18-$0.17$0.83
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$24.00$23.001:2Sep 18-$0.21$0.79
$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-$0.40$0.60
$27.00$26.501:2Aug 21-$0.12$0.38

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 9 found (best yield 0.83%, avg 0.35%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$27.00Sep 18$0.220.372.2%0.83%3.07%115.9K
$28.00Sep 18$0.140.206.0%0.53%6.55%--30.7K
$27.50Aug 21$0.080.344.1%0.30%4.43%--219
$28.00Aug 21$0.070.136.0%0.27%6.29%18117.5K
$29.00Aug 21$0.070.099.8%0.27%10.07%72136.7K
$29.00Sep 18$0.070.109.8%0.27%10.07%433.6K
$26.50Aug 14$0.060.350.3%0.23%0.57%513
$27.00Aug 14$0.060.212.2%0.23%2.46%5405
$27.00Aug 21$0.060.262.2%0.23%2.46%3014.7K

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 11,913
Total Puts 4,696
Put/Call Ratio 0.39
Net Difference 7,217

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 220,672
Total Puts 300,982
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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