Tour v492
WBD
WARNER BROS DISCOVER Series A
$26.47 +1.91%
(8/6 10:01) ◀
|
Thursday, August 6, 2026 (10:05am)
January 2026
|
▶ (8/6 10:10)
◀ 8/6 10:05 ▶

Option Volume

Detail
ℹ
Current (08/06 10:05am) 36,604
Calls: 30,109 (82%)
Puts: 6,495 (18%)
Prior (02/24) 102,808
Calls: 37,452 (36%)
Puts: 65,356 (64%)
Current vs Prior -64.40%
Calls: -19.61% (Calls)
Puts: -90.06% (Puts)
Prior 7-Day Total 554,459
Calls: 248,751 (45%)
Puts: 305,708 (55%)
Prior 7-Day Average 79,208
Calls: 35,535 (45%)
Puts: 43,672 (55%)
Current vs Prior 7-Day Avg -53.79%
Calls: -15.27%
Puts: -85.13%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/06 10:05am) $1.49M
Calls: $1.27M (85%)
Puts: $224.0K (15%)
Prior (02/24) $2.71M
Calls: $1.77M (65%)
Puts: $942.9K (35%)
Current vs Prior -45.02%
Calls: -28.36%
Puts: -76.24%
Prior 7-Day Total $27.06M
Calls: $16.36M (60%)
Puts: $10.70M (40%)
Prior 7-Day Average $3.87M
Calls: $2.34M (60%)
Puts: $1.53M (40%)
Current vs Prior 7-Day Avg -61.47%
Calls: -45.85%
Puts: -85.35%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/06 10:05am) 0.22
Prior (02/24) 1.75
Current vs Prior -87.64%
Prior 7-Day Average 1.51
Current vs Prior 7-Day Avg -85.76%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/06 10:05am) 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 2.80% | 4.00%4.95% | 6.27%
Prior 2.95% | 4.88%8.37% | 6.51%
Current vs Prior -5.10% | -18.00%-40.89% | -3.69%
Prior 7-Day Avg 3.25% | 5.74%8.37% | 6.51%
Current vs 7-Day Avg -14.10% | -30.25%-40.89% | -3.69%
Prior 7-Day Eod 2.95% | 4.88%11.47% | 5.62%
Current vs 7-Day Eod -5.10% | -18.00%-56.87% | +11.55%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 95.92% | 264.44%
Calls: 95.92% | 264.44%
Puts: -- | --
Prior 110.47% | 279.89%
Calls: 159.65% | 332.00%
Puts: 61.29% | 227.78%
Current vs Prior -13.17% | -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 +36.03% | +95.01%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 85% of dollar volume in calls ($1.27M) vs puts ($224.0K). Below-average activity with volume down 64% vs prior. Extreme bullish P/C ratio of 0.22 - heavy call buying (30,109 calls vs 6,495 puts). P/C ratio dropping 88% - sentiment shifting bullish.

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
10:05BULLISHBULLISHBULLISH
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. 1 found (avg $0.13, cheapest $0.13)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$28.00Aug 210.120.14$0.1315.4%350.15117.5K
PUTS (0)
No puts meet the criteria

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
$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%11.00325
$24.00Aug 210.764.55$2.66142.5%--1.0027
$26.00Aug 210.510.99$0.7564.0%1680.968.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$27.50Aug 70.023.15$1.59196.9%--0.9532
$30.00Sep 181.715.65$3.68107.1%--0.9225
$27.00Aug 70.012.50$1.25199.2%--0.92431
$29.00Sep 181.004.70$2.85129.8%--0.89281
$28.00Aug 210.153.75$1.95184.6%--0.843.1K

Most actively traded options today. High liquidity = easy entry/exit. 37 active (total vol 9.8K, top 5.1K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Aug 210.090.11$0.1020.0%5.1K0.10136.7K
$27.00Sep 180.220.60$0.4192.7%2.5K0.3715.9K
$26.50Aug 70.050.14$0.1090.0%1.1K0.352.8K
$27.00Aug 70.000.05$0.03166.7%3400.092.5K
$26.00Aug 210.510.99$0.7564.0%1680.968.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$25.00Sep 180.050.29$0.17141.2%1010.1826.8K
$26.00Aug 210.080.21$0.1492.9%350.357.0K
$26.00Aug 70.000.04$0.02200.0%250.513.4K
$25.00Aug 280.000.20$0.10200.0%50.14590
$25.00Aug 70.000.01$0.01100.0%40.032.6K

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 323.9%, max 1106.0%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$22.00Aug 7Sep 18459.7%38.1%1106.0%--276
$31.00Aug 7Sep 18135.7%22.5%502.3%--29.2K
$26.00Aug 7Sep 1860.3%12.3%389.2%351.7K
$29.00Aug 7Sep 1896.8%22.0%340.4%433.6K
$30.00Aug 7Sep 18104.0%25.3%311.6%--43.3K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$22.00Aug 7Sep 18459.7%38.1%1106.0%--35.9K
$23.00Aug 7Sep 18390.9%37.2%949.6%--2.3K
$24.00Aug 7Sep 18262.3%30.9%748.2%44.3K
$26.00Aug 7Sep 1860.3%12.3%389.2%2628.5K
$27.00Aug 7Sep 1844.6%18.4%141.8%--15.7K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 16 found (best R:R 15.67, avg 3.83)

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
$26.50$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
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. 24 found (best R:R 16.86, avg 2.81)

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$1.87$1.87$0.1314.38$23.87
$24.00$25.00Sep 18$0.90$0.90$0.109.00$24.90
$26.00$26.50Aug 7$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. 10 found (avg debit $0.17, cheapest $0.08)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$27.00Aug 7Aug 14$0.0844.6%29.8%
$26.50Aug 7Aug 14$0.0938.5%25.3%
$24.50Aug 7Aug 21$0.1047.4%47.0%
$22.00Aug 7Aug 21$0.17459.7%71.8%
$27.50Aug 7Aug 21$0.1952.2%29.6%
PUTS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$26.00Aug 7Aug 14$0.0860.3%54.0%
$25.00Aug 7Aug 14$0.0932.8%22.7%
$27.00Aug 7Aug 14$0.1244.6%29.8%
$25.50Aug 7Aug 14$0.4920.6%39.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 33 found (cheapest 1.32% of stock, avg 7.83%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$26.50Aug 7$0.10$0.25$0.35$26.15$26.851.32%
$26.50Aug 14$0.19$0.25$0.44$26.06$26.941.66%
$26.00Aug 7$0.49$0.02$0.51$25.49$26.511.93%
$26.50Aug 21$0.32$0.56$0.88$25.62$27.383.32%
$26.00Aug 21$0.75$0.14$0.89$25.11$26.893.36%
$26.00Aug 14$0.81$0.10$0.91$25.09$26.913.44%
$27.00Aug 21$0.18$0.84$1.02$25.98$28.023.85%
$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%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 77 found (cheapest 0.15% of stock, avg 2.34%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$27.00$25.50Aug 7$0.03$0.01$0.04$25.46$27.04
$28.00$24.50Aug 14$0.06$0.03$0.09$24.41$28.09
$26.50$25.50Aug 7$0.10$0.01$0.11$25.39$26.61
$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
$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
$26.50$24.50Aug 14$0.19$0.03$0.22$24.28$26.72

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$0.78$1.220.64$23.22$26.28
26/2728/29Aug 28$0.39$0.610.64$26.61$28.39
22/2426/26Aug 14$0.74$1.260.59$23.26$26.74
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 $0.05)

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
$26.50$27.00$27.50Aug 7$0.05$0.459.00
$23.00$24.00$25.00Sep 18$0.11$0.898.09
$22.00$23.00$24.00Sep 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 $-0.79, 20 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$22.00$24.001:2Aug 21-$0.79$1.21
$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 0.42%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$27.00Sep 18$0.220.372.0%0.83%2.83%2.5K15.9K
$28.00Sep 18$0.140.205.8%0.53%6.31%130.7K
$26.50Aug 21$0.130.430.1%0.49%0.60%7359
$28.00Aug 21$0.120.155.8%0.45%6.23%35117.5K
$27.00Aug 21$0.100.262.0%0.38%2.38%6514.7K
$29.00Aug 21$0.090.109.6%0.34%9.90%5.1K136.7K
$29.00Sep 18$0.090.119.6%0.34%9.90%433.6K
$27.50Aug 21$0.080.233.9%0.30%4.19%--219
$26.50Aug 14$0.070.370.1%0.26%0.38%1313
$27.00Aug 14$0.060.192.0%0.23%2.23%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 30,109
Total Puts 6,495
Put/Call Ratio 0.22
Net Difference 23,614

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 248,751
Total Puts 305,708
Average Put/Call Ratio 1.51
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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