Tour v492
WBD
WARNER BROS DISCOVER Series A
$26.34 +1.41%
(8/6 09:45) ◀
|
Thursday, August 6, 2026 (9:50am)
January 2026
|
▶ (8/6 09:55)
◀ 8/6 09:50 ▶

Option Volume

Detail
ℹ
Current (08/06 9:50am) 16,714
Calls: 11,993 (72%)
Puts: 4,721 (28%)
Prior (02/24) 102,808
Calls: 37,452 (36%)
Puts: 65,356 (64%)
Current vs Prior -83.74%
Calls: -67.98% (Calls)
Puts: -92.78% (Puts)
Prior 7-Day Total 537,374
Calls: 231,883 (43%)
Puts: 305,491 (57%)
Prior 7-Day Average 76,767
Calls: 33,126 (43%)
Puts: 43,641 (57%)
Current vs Prior 7-Day Avg -78.23%
Calls: -63.80%
Puts: -89.18%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/06 9:50am) $732.3K
Calls: $582.9K (80%)
Puts: $149.4K (20%)
Prior (02/24) $2.71M
Calls: $1.77M (65%)
Puts: $942.9K (35%)
Current vs Prior -72.97%
Calls: -66.99%
Puts: -84.16%
Prior 7-Day Total $26.42M
Calls: $15.73M (60%)
Puts: $10.69M (40%)
Prior 7-Day Average $3.77M
Calls: $2.25M (60%)
Puts: $1.53M (40%)
Current vs Prior 7-Day Avg -80.60%
Calls: -74.06%
Puts: -90.22%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/06 9:50am) 0.39
Prior (02/24) 1.75
Current vs Prior -77.44%
Prior 7-Day Average 1.55
Current vs Prior 7-Day Avg -74.55%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/06 9:50am) 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 2.39% | 4.02%3.64% | 6.30%
Prior 2.95% | 4.88%8.37% | 6.51%
Current vs Prior -18.80% | -17.60%-56.47% | -3.22%
Prior 7-Day Avg 3.25% | 5.74%8.37% | 6.51%
Current vs 7-Day Avg -26.51% | -29.91%-56.47% | -3.22%
Prior 7-Day Eod 2.95% | 4.88%11.47% | 5.62%
Current vs 7-Day Eod -18.80% | -17.60%-68.24% | +12.10%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 59.52% | 264.44%
Calls: 59.52% | 264.44%
Puts: -- | --
Prior 110.47% | 279.89%
Calls: 159.65% | 332.00%
Puts: 61.29% | 227.78%
Current vs Prior -46.12% | -5.52%
Prior 7-Day Avg 70.52% | 135.60%
Calls: 54.86% | 116.99%
Puts: 86.17% | 184.84%
Current vs 7-Day Avg -15.59% | +95.01%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 80% of dollar volume in calls ($582.9K) vs puts ($149.4K). 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 (11,993 calls vs 4,721 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
09:50BULLISHBULLISHBULLISH
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. 35 found (avg delta 0.78, 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
$24.00Aug 210.764.45$2.61141.4%--0.9427
$22.00Sep 182.556.45$4.5086.7%--0.93262
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$27.50Aug 70.013.20$1.61198.1%--0.9532
$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
$28.00Aug 210.153.80$1.98184.3%--0.873.1K

Most actively traded options today. High liquidity = easy entry/exit. 26 active (total vol 1.8K, top 985)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$26.50Aug 70.050.08$0.0742.9%9850.242.8K
$27.00Aug 70.010.05$0.03133.3%3390.092.5K
$25.00Sep 180.811.93$1.3781.8%840.8219.3K
$26.50Aug 210.030.54$0.29175.9%730.4259
$29.00Aug 210.070.09$0.0825.0%720.09136.7K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$25.00Sep 180.050.29$0.17141.2%1010.1826.8K
$26.00Aug 210.150.25$0.2050.0%200.367.0K
$26.00Aug 70.000.05$0.03166.7%150.583.4K
$25.00Aug 280.000.20$0.10200.0%50.15590
$25.00Aug 70.000.02$0.01200.0%40.052.6K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 20 strikes (avg 358.4%, max 1081.3%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$22.00Aug 7Sep 18450.2%38.1%1081.3%--276
$31.00Aug 7Sep 18140.4%22.5%523.3%--29.2K
$26.00Aug 7Sep 1856.7%12.3%360.1%281.7K
$29.00Aug 7Sep 18101.0%22.0%358.8%433.6K
$30.00Aug 7Sep 18107.8%25.3%326.6%--43.3K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$22.00Aug 7Sep 18450.2%38.1%1081.3%--35.9K
$23.00Aug 7Sep 18381.0%37.2%923.1%--2.3K
$24.00Aug 7Sep 18251.6%30.9%713.8%--4.3K
$26.00Aug 7Sep 1856.7%12.3%360.1%1628.5K
$27.00Aug 7Sep 1852.6%18.5%185.0%--15.7K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 23 found (best R:R 15.67, avg 2.75)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$28.00$29.00Aug 28$0.21$0.79$0.213.76$28.21
$26.50$27.00Aug 21$0.11$0.39$0.113.55$26.61
$27.00$28.00Sep 18$0.22$0.78$0.223.55$27.22
$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$0.11$0.89$0.118.09$25.89
$27.00$26.00Aug 28$0.29$0.71$0.292.45$26.71
$25.00$24.50Aug 14$0.17$0.33$0.171.94$24.83

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 26 found (best R:R 14.62, avg 1.55)

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$0.31$0.31$0.191.63$26.31
$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
$27.50$28.00Aug 21$0.23$0.23$0.270.85$27.73
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. 11 found (avg debit $0.25, cheapest $0.10)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$27.00Aug 7Aug 14$0.1052.6%33.1%
$26.50Aug 7Aug 14$0.1141.1%26.4%
$22.00Aug 7Aug 21$0.19450.2%72.5%
$27.50Aug 7Aug 21$0.3157.0%35.7%
$26.00Aug 7Aug 14$0.4356.7%56.3%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$26.00Aug 7Aug 14$0.1056.7%56.3%
$27.00Aug 7Aug 14$0.1552.6%33.1%
$25.00Aug 7Aug 14$0.1931.8%31.0%
$26.50Aug 7Aug 21$0.2241.1%17.9%
$25.50Aug 7Aug 14$0.3914.1%32.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 32 found (cheapest 1.21% of stock, avg 8.05%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$26.50Aug 7$0.07$0.25$0.32$26.18$26.821.21%
$26.00Aug 7$0.38$0.03$0.41$25.59$26.411.56%
$26.00Aug 21$0.49$0.20$0.69$25.31$26.692.62%
$26.50Aug 21$0.29$0.47$0.76$25.74$27.262.89%
$27.00Aug 21$0.18$0.68$0.86$26.14$27.863.26%
$26.00Aug 14$0.81$0.13$0.94$25.06$26.943.57%
$26.00Sep 18$0.77$0.28$1.05$24.95$27.053.99%
$27.00Aug 7$0.03$1.25$1.28$25.72$28.284.86%
$27.00Sep 18$0.41$0.89$1.30$25.70$28.304.94%
$27.00Aug 14$0.13$1.40$1.53$25.47$28.535.81%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 77 found (cheapest 0.15% of stock, avg 2.43%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$27.00$25.50Aug 7$0.03$0.01$0.04$25.46$27.04
$26.50$25.50Aug 7$0.07$0.01$0.08$25.42$26.58
$28.00$24.50Aug 14$0.06$0.03$0.09$24.41$28.09
$30.00$25.00Aug 28$0.05$0.10$0.15$24.85$30.15
$27.00$24.50Aug 14$0.13$0.03$0.16$24.34$27.16
$30.00$22.00Sep 18$0.08$0.12$0.20$21.80$30.20
$26.50$24.50Aug 14$0.18$0.03$0.21$24.29$26.71
$28.00$24.00Aug 14$0.06$0.15$0.21$23.79$28.21
$29.00$22.00Sep 18$0.11$0.12$0.23$21.77$29.23
$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. 8 found (best R:R 3.55, avg credit $0.53)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
24/2426/27Aug 21$0.39$0.113.55$24.11$26.89
22/2325/26Sep 18$0.71$0.292.45$22.29$25.71
26/2728/29Aug 28$0.50$0.501.00$26.50$28.50
22/2326/27Sep 18$0.47$0.530.89$22.53$26.47
22/2426/26Aug 14$0.78$1.220.64$23.22$26.28
22/2426/26Aug 14$0.75$1.250.60$23.25$26.75
22/2327/28Sep 18$0.33$0.670.49$22.67$27.33
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
$28.00$29.00$30.00Sep 18$0.05$0.9519.00
$29.00$30.00$31.00Aug 28$0.06$0.9415.67
$28.00$29.00$30.00Aug 28$0.12$0.887.33
$26.00$27.00$28.00Sep 18$0.14$0.866.14
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$22.00$23.00$24.00Aug 21$0.21$0.793.76
$24.00$25.00$26.00Sep 18$0.22$0.783.55
$25.50$26.00$26.50Aug 7$0.20$0.301.50
$26.00$27.00$28.00Sep 18$0.41$0.591.44
$25.00$26.00$27.00Sep 18$0.50$0.501.00

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
$29.00$30.001:2Sep 18-$0.05$0.95
$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
$26.00$25.001:2Sep 18-$0.06$0.94
$24.00$23.001:2Sep 18-$0.18$0.82
$23.00$22.001:2Aug 21-$0.37$0.63
$25.00$24.001:2Sep 18-$0.39$0.61
$26.00$25.001:2Sep 4-$0.40$0.60

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 9 found (best yield 0.84%, avg 0.39%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$27.00Sep 18$0.220.372.5%0.84%3.34%115.9K
$28.00Sep 18$0.140.206.3%0.53%6.83%--30.7K
$27.00Aug 21$0.120.272.5%0.46%2.96%3014.7K
$29.00Sep 18$0.090.1110.1%0.34%10.44%433.6K
$27.50Aug 21$0.080.284.4%0.30%4.71%--219
$28.00Aug 21$0.070.126.3%0.27%6.57%18117.5K
$29.00Aug 21$0.070.0910.1%0.27%10.36%72136.7K
$26.50Aug 14$0.060.320.6%0.23%0.84%513
$27.00Aug 14$0.060.202.5%0.23%2.73%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 11,993
Total Puts 4,721
Put/Call Ratio 0.39
Net Difference 7,272

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 231,883
Total Puts 305,491
Average Put/Call Ratio 1.55
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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