Tour v492
WBD
WARNER BROS DISCOVER Series A
$26.45 +1.85%
(8/6 09:55) ◀
|
Thursday, August 6, 2026 (10:00am)
January 2026
|
▶ (8/6 10:05)
◀ 8/6 10:01 ▶

Option Volume

Detail
ℹ
Current (08/06 10:00am) 33,694
Calls: 28,781 (85%)
Puts: 4,913 (15%)
Prior --
Calls: 37,452 (36%)
Puts: 65,356 (64%)
Current vs Prior +0.00%
Calls: -23.15% (Calls)
Puts: -92.48% (Puts)
Prior 7-Day Total 547,904
Calls: 242,209 (44%)
Puts: 305,695 (56%)
Prior 7-Day Average 78,272
Calls: 34,601 (44%)
Puts: 43,670 (56%)
Current vs Prior 7-Day Avg -56.95%
Calls: -16.82%
Puts: -88.75%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/06 10:00am) $1.38M
Calls: $1.21M (88%)
Puts: $166.4K (12%)
Prior --
Calls: $1.77M (65%)
Puts: $942.9K (35%)
Current vs Prior +0.00%
Calls: -31.53%
Puts: -82.35%
Prior 7-Day Total $26.95M
Calls: $16.24M (60%)
Puts: $10.72M (40%)
Prior 7-Day Average $3.85M
Calls: $2.32M (60%)
Puts: $1.53M (40%)
Current vs Prior 7-Day Avg -64.27%
Calls: -47.87%
Puts: -89.13%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/06 10:00am) 0.17
Prior 1.00
Current vs Prior -82.93%
Prior 7-Day Average 1.52
Current vs Prior 7-Day Avg -88.78%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/06 10:00am) 2,741,776
Calls: 932,442 (34%)
Puts: 1,809,334 (66%)
Prior --
Calls: -- (--)
Puts: -- (--)
Current vs Prior +0.00%
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 2.76% | 4.23%7.60% | 6.28%
Prior 2.95% | 4.88%8.37% | 6.51%
Current vs Prior -6.31% | -13.30%-9.23% | -3.62%
Prior 7-Day Avg 3.25% | 5.74%8.37% | 6.51%
Current vs 7-Day Avg -15.19% | -26.25%-9.23% | -3.62%
Prior 7-Day Eod 2.95% | 4.88%11.47% | 5.62%
Current vs 7-Day Eod -6.31% | -13.30%-33.77% | +11.63%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 89.80% | 235.56%
Calls: 89.80% | 235.56%
Puts: -- | --
Prior 110.47% | 279.89%
Calls: 159.65% | 332.00%
Puts: 61.29% | 227.78%
Current vs Prior -18.71% | -15.84%
Prior 7-Day Avg 70.52% | 135.60%
Calls: 54.86% | 116.99%
Puts: 86.17% | 184.84%
Current vs 7-Day Avg +27.35% | +73.72%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 88% of dollar volume in calls ($1.21M) vs puts ($166.4K). Extreme bullish P/C ratio of 0.17 - heavy call buying (28,781 calls vs 4,913 puts). P/C ratio dropping 83% - sentiment shifting bullish. Put-heavy open interest (1,809,334 puts vs 932,442 calls) suggests hedging or bearish positioning.

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 NEUTRAL
7-Day Avg NEUTRAL
Current BULLISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH
Sentiment Timeline (Today)
TimeSmart MoneyRetailOverall
10:00BULLISHBULLISHBULLISH
09:55BULLISHBULLISHBULLISH
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. 36 found (avg delta 0.79, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$22.00Aug 212.656.40$4.5382.8%--1.0036
$24.00Aug 210.764.60$2.68143.3%--1.0027
$24.50Aug 210.154.10$2.13185.4%--1.0030
$25.00Aug 211.053.60$2.33109.4%101.0073
$24.50Aug 70.153.85$2.00185.0%--0.9934
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$27.50Aug 70.023.15$1.59196.9%--0.9632
$30.00Sep 181.715.65$3.68107.1%--0.9225
$27.00Aug 70.012.50$1.25199.2%--0.89431
$29.00Sep 181.004.70$2.85129.8%--0.89281
$28.00Aug 210.153.75$1.95184.6%--0.853.1K

Most actively traded options today. High liquidity = easy entry/exit. 37 active (total vol 8.5K, top 5.1K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Aug 210.090.11$0.1020.0%5.1K0.09136.7K
$27.00Sep 180.220.60$0.4192.7%1.3K0.3715.9K
$26.50Aug 70.100.14$0.1233.3%1.0K0.462.8K
$27.00Aug 70.000.05$0.03166.7%3400.122.5K
$26.00Aug 210.500.82$0.6648.5%1670.578.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$25.00Sep 180.050.29$0.17141.2%1010.1826.8K
$26.00Aug 70.000.04$0.02200.0%250.113.4K
$26.00Aug 210.150.21$0.1833.3%250.597.0K
$25.00Aug 280.000.20$0.10200.0%50.14590
$25.00Aug 70.000.01$0.01100.0%40.022.6K

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 356.6%, max 1170.4%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$22.00Aug 7Sep 18484.2%38.1%1170.4%--276
$31.00Aug 7Sep 18122.3%22.5%443.0%--29.2K
$29.00Aug 7Sep 1882.0%22.0%273.0%433.6K
$30.00Aug 7Sep 1891.4%25.3%261.5%--43.3K
$31.50Aug 7Aug 21132.8%46.0%188.3%--70
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$22.00Aug 7Sep 18484.2%38.1%1170.4%--35.9K
$23.00Aug 7Sep 18417.1%37.2%1019.9%--2.3K
$24.00Aug 7Sep 18289.4%30.9%835.9%44.3K
$25.00Aug 7Sep 1846.9%18.0%160.8%10529.4K
$26.00Aug 7Sep 1824.7%12.3%100.2%2628.5K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 14 found (best R:R 15.67, avg 4.14)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$28.00$29.00Aug 28$0.10$0.90$0.109.00$28.10
$27.00$28.00Sep 18$0.21$0.79$0.213.76$27.21
$27.00$29.00Sep 4$0.51$1.49$0.512.92$27.51
$26.00$27.00Sep 18$0.36$0.64$0.361.78$26.36
$24.50$25.00Aug 7$0.30$0.20$0.300.67$24.80
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
$26.50$26.00Aug 14$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. 23 found (best R:R 16.86, avg 2.88)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$22.00$24.50Aug 7$2.36$2.36$0.1416.86$24.36
$22.00$24.00Aug 21$1.85$1.85$0.1512.33$23.85
$24.00$25.00Sep 18$0.90$0.90$0.109.00$24.90
$26.00$26.50Aug 21$0.39$0.39$0.113.55$26.39
$26.00$27.00Sep 4$0.78$0.78$0.223.55$26.78
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$0.34$0.34$0.162.13$27.16
$28.00$26.00Sep 4$1.23$1.23$0.771.60$26.77
$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 $0.22, cheapest $0.07)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$26.50Aug 7Aug 14$0.0721.9%25.5%
$27.00Aug 7Aug 14$0.0828.4%29.8%
$24.50Aug 7Aug 21$0.1360.9%34.3%
$22.00Aug 7Aug 21$0.17484.2%62.5%
$27.50Aug 7Aug 21$0.1937.6%38.7%
PUTS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$26.00Aug 7Aug 14$0.0824.7%58.8%
$25.00Aug 7Aug 14$0.0946.9%22.7%
$27.00Aug 7Aug 14$0.1228.4%29.8%
$25.50Aug 7Aug 14$0.4937.0%39.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 33 found (cheapest 1.40% of stock, avg 8.03%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$26.50Aug 7$0.12$0.25$0.37$26.13$26.871.40%
$26.50Aug 14$0.19$0.25$0.44$26.06$26.941.66%
$26.00Aug 7$0.48$0.02$0.50$25.50$26.501.89%
$26.00Aug 21$0.66$0.18$0.84$25.16$26.843.18%
$26.00Aug 14$0.87$0.10$0.97$25.03$26.973.67%
$27.00Aug 21$0.18$0.84$1.02$25.98$28.023.86%
$26.00Sep 18$0.77$0.28$1.05$24.95$27.053.97%
$27.00Aug 7$0.03$1.25$1.28$25.72$28.284.84%
$27.00Sep 18$0.41$0.89$1.30$25.70$28.304.91%
$27.00Aug 14$0.11$1.37$1.48$25.52$28.485.60%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 77 found (cheapest 0.19% of stock, avg 2.32%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$27.00$26.00Aug 7$0.03$0.02$0.05$25.95$27.05
$28.00$24.50Aug 14$0.06$0.03$0.09$24.41$28.09
$26.50$26.00Aug 7$0.12$0.02$0.14$25.86$26.64
$27.00$24.50Aug 14$0.11$0.03$0.14$24.36$27.14
$30.00$25.00Aug 28$0.05$0.10$0.15$24.85$30.15
$28.00$25.00Aug 14$0.06$0.10$0.16$24.84$28.16
$28.00$24.00Aug 21$0.13$0.07$0.20$23.80$28.20
$30.00$22.00Sep 18$0.08$0.12$0.20$21.80$30.20
$27.00$25.00Aug 14$0.11$0.10$0.21$24.79$27.21
$28.00$24.00Aug 14$0.06$0.15$0.21$23.79$28.21

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 7 found (best R:R 4.00, avg credit $0.55)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
22/2325/26Sep 18$0.80$0.204.00$22.20$25.80
22/2326/27Sep 18$0.47$0.530.89$22.53$26.47
22/2426/26Aug 14$0.80$1.200.67$23.20$26.80
26/2728/29Aug 28$0.39$0.610.64$26.61$28.39
22/2426/26Aug 14$0.72$1.280.56$23.28$26.22
22/2327/28Sep 18$0.32$0.680.47$22.68$27.32
25/2627/28Sep 18$0.32$0.680.47$25.68$27.32

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 20 found (best R:R 15.67, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$28.00$29.00$30.00Sep 18$0.06$0.9415.67
$29.00$30.00$31.00Aug 28$0.07$0.9313.29
$23.00$24.00$25.00Sep 18$0.11$0.898.09
$22.00$23.00$24.00Sep 18$0.12$0.887.33
$27.00$28.00$29.00Sep 18$0.12$0.887.33
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
$24.00$24.50$25.00Aug 14$0.19$0.311.63
$26.00$27.00$28.00Sep 18$0.41$0.591.44
$25.50$26.00$26.50Aug 7$0.22$0.281.27

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 37 found (best net $-0.83, 20 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$22.00$24.001:2Aug 21-$0.83$1.17
$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-$0.08$0.92
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. 10 found (best yield 0.83%, avg 0.40%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$27.00Sep 18$0.220.372.1%0.83%2.91%1.3K15.9K
$28.00Sep 18$0.140.205.9%0.53%6.39%130.7K
$28.00Aug 21$0.110.135.9%0.42%6.28%34117.5K
$26.50Aug 7$0.100.460.2%0.38%0.57%1.0K2.8K
$27.00Aug 21$0.100.232.1%0.38%2.46%6514.7K
$29.00Aug 21$0.090.099.6%0.34%9.98%5.1K136.7K
$29.00Sep 18$0.090.119.6%0.34%9.98%433.6K
$27.50Aug 21$0.080.204.0%0.30%4.27%--219
$26.50Aug 14$0.070.370.2%0.26%0.45%1313
$27.00Aug 14$0.060.192.1%0.23%2.31%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 28,781
Total Puts 4,913
Put/Call Ratio 0.17
Net Difference 23,868

Prior's Put/Call Breakdown

Total Calls 37,452
Total Puts 65,356
Put/Call Ratio 1.00
Net Difference -27,904

Prior 7-Day Put/Call Summary

Total Calls 242,209
Total Puts 305,695
Average Put/Call Ratio 1.52
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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