Tour v492
WBD
WARNER BROS DISCOVER Series A
$26.47 +1.91%
(8/6 10:05) ◀
|
Thursday, August 6, 2026 (10:10am)
January 2026
|
▶ (8/6 10:15)
◀ 8/6 10:10 ▶

Option Volume

Detail
ℹ
Current (08/06 10:10am) 43,103
Calls: 36,473 (85%)
Puts: 6,630 (15%)
Prior (02/24) 102,808
Calls: 37,452 (36%)
Puts: 65,356 (64%)
Current vs Prior -58.07%
Calls: -2.61% (Calls)
Puts: -89.86% (Puts)
Prior 7-Day Total 557,369
Calls: 250,079 (45%)
Puts: 307,290 (55%)
Prior 7-Day Average 79,624
Calls: 35,725 (45%)
Puts: 43,898 (55%)
Current vs Prior 7-Day Avg -45.87%
Calls: +2.09%
Puts: -84.90%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/06 10:10am) $1.85M
Calls: $1.62M (88%)
Puts: $229.1K (12%)
Prior (02/24) $2.71M
Calls: $1.77M (65%)
Puts: $942.9K (35%)
Current vs Prior -31.88%
Calls: -8.48%
Puts: -75.70%
Prior 7-Day Total $27.17M
Calls: $16.41M (60%)
Puts: $10.76M (40%)
Prior 7-Day Average $3.88M
Calls: $2.34M (60%)
Puts: $1.54M (40%)
Current vs Prior 7-Day Avg -52.46%
Calls: -31.06%
Puts: -85.10%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/06 10:10am) 0.18
Prior (02/24) 1.75
Current vs Prior -89.58%
Prior 7-Day Average 1.52
Current vs Prior 7-Day Avg -88.05%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/06 10:10am) 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% | 4.27%4.46% | 6.27%
Prior 2.95% | 4.88%8.37% | 6.51%
Current vs Prior -5.10% | -12.59%-46.75% | -3.69%
Prior 7-Day Avg 3.25% | 5.74%8.37% | 6.51%
Current vs 7-Day Avg -14.10% | -25.65%-46.75% | -3.69%
Prior 7-Day Eod 2.95% | 4.88%11.47% | 5.62%
Current vs 7-Day Eod -5.10% | -12.59%-61.15% | +11.55%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 102.13% | 233.33%
Calls: 102.13% | 233.33%
Puts: -- | --
Prior 110.47% | 279.89%
Calls: 159.65% | 332.00%
Puts: 61.29% | 227.78%
Current vs Prior -7.55% | -16.64%
Prior 7-Day Avg 70.52% | 135.60%
Calls: 54.86% | 116.99%
Puts: 86.17% | 184.84%
Current vs 7-Day Avg +44.83% | +72.07%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 88% of dollar volume in calls ($1.62M) vs puts ($229.1K). Below-average activity with volume down 58% vs prior. Extreme bullish P/C ratio of 0.18 - heavy call buying (36,473 calls vs 6,630 puts). P/C ratio dropping 90% - 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
10:10BULLISHBULLISHBULLISH
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. -- 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 0.80, 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
$25.50Aug 140.002.94$1.47200.0%--1.0021
$24.00Aug 210.764.55$2.66142.5%--1.0027
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$27.50Aug 70.023.10$1.56197.4%--0.9532
$27.00Aug 70.012.50$1.25199.2%--0.92431
$30.00Sep 181.715.65$3.68107.1%--0.9225
$29.00Sep 181.004.70$2.85129.8%--0.89281
$27.00Aug 140.012.70$1.36197.8%--0.83206

Most actively traded options today. High liquidity = easy entry/exit. 37 active (total vol 9.9K, top 5.2K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Aug 210.110.15$0.1330.8%5.2K0.12136.7K
$27.00Sep 180.220.60$0.4192.7%2.5K0.3715.9K
$26.50Aug 70.050.20$0.13115.4%1.1K0.352.8K
$27.00Aug 70.000.05$0.03166.7%3400.092.5K
$26.00Aug 210.510.88$0.7052.9%1680.818.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$25.00Sep 180.050.29$0.17141.2%1010.1826.8K
$26.00Aug 210.080.20$0.1485.7%420.327.0K
$26.00Aug 70.000.04$0.02200.0%350.573.4K
$24.00Sep 180.050.45$0.25160.0%220.173.8K
$25.00Aug 280.000.20$0.10200.0%50.14590

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 374.0%, max 1082.2%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$22.00Aug 7Sep 18450.6%38.1%1082.2%--276
$31.00Aug 7Sep 18140.7%22.5%524.5%--29.2K
$26.00Aug 7Sep 1869.7%12.3%465.4%451.7K
$29.00Aug 7Sep 18101.7%22.0%362.5%433.6K
$30.00Aug 7Sep 18108.7%25.3%330.0%--43.3K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$22.00Aug 7Sep 18450.6%38.1%1082.2%--35.9K
$23.00Aug 7Sep 18381.1%37.2%923.2%--2.3K
$24.00Aug 7Sep 18251.9%30.1%738.2%224.3K
$26.00Aug 7Sep 1869.7%12.3%465.4%3628.5K
$26.50Aug 7Aug 2150.9%18.7%172.2%--76

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 19 found (best R:R 15.67, avg 3.59)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$29.00$30.00Aug 28$0.12$0.88$0.127.33$29.12
$26.50$27.00Aug 7$0.10$0.40$0.104.00$26.60
$27.00$28.00Sep 18$0.21$0.79$0.213.76$27.21
$26.50$27.00Aug 21$0.11$0.39$0.113.55$26.61
$27.00$29.00Sep 4$0.51$1.49$0.512.92$27.51
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$0.18$0.82$0.184.56$26.82
$25.50$25.00Aug 14$0.18$0.32$0.181.78$25.32

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 27 found (best R:R 18.23, avg 2.40)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$22.00$24.50Aug 7$2.37$2.37$0.1318.23$24.37
$22.00$24.00Aug 21$1.87$1.87$0.1314.38$23.87
$26.00$27.00Sep 4$0.78$0.78$0.223.55$26.78
$26.00$26.50Aug 21$0.38$0.38$0.123.17$26.38
$26.00$26.50Aug 7$0.36$0.36$0.142.57$26.36
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$30.00$29.00Sep 18$0.83$0.83$0.174.88$29.17
$27.00$26.50Aug 21$0.36$0.36$0.142.57$26.64
$26.50$26.00Aug 21$0.34$0.34$0.162.12$26.16
$27.50$27.00Aug 7$0.31$0.31$0.191.63$27.19
$28.00$26.00Sep 4$1.23$1.23$0.771.60$26.77

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 9 found (avg debit $0.16, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$26.50Aug 7Aug 14$0.0650.9%25.2%
$27.00Aug 7Aug 14$0.0849.6%29.6%
$24.50Aug 7Aug 21$0.1042.2%48.1%
$22.00Aug 7Aug 21$0.16450.6%72.7%
$27.50Aug 7Aug 21$0.1956.9%28.5%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$25.00Aug 7Aug 14$0.0927.3%23.0%
$27.00Aug 7Aug 14$0.1149.6%29.6%
$25.50Aug 7Aug 14$0.2713.5%25.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 33 found (cheapest 1.44% of stock, avg 7.74%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$26.50Aug 7$0.13$0.25$0.38$26.12$26.881.44%
$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$0.48$0.80$25.70$27.303.02%
$26.00Aug 21$0.70$0.14$0.84$25.16$26.843.17%
$26.00Aug 14$0.88$0.05$0.93$25.07$26.933.51%
$27.00Aug 21$0.21$0.84$1.05$25.95$28.053.97%
$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 2.12%)

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$0.13$0.01$0.14$25.36$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
$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. 8 found (best R:R 3.55, avg credit $0.50)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
24/2426/27Aug 21$0.39$0.113.55$24.11$26.89
22/2324/25Sep 18$0.70$0.302.33$22.30$24.70
22/2326/27Sep 18$0.47$0.530.89$22.53$26.47
22/2426/26Aug 14$0.81$1.190.68$23.19$26.81
22/2426/26Aug 14$0.71$1.290.55$23.29$26.21
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
26/2729/30Aug 28$0.30$0.700.43$26.70$29.30

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 22 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
$22.00$23.00$24.00Sep 18$0.07$0.9313.29
$29.00$30.00$31.00Aug 28$0.09$0.9110.11
$27.00$28.00$29.00Sep 18$0.12$0.887.33
$26.00$27.00$28.00Sep 18$0.15$0.855.67
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$25.00$25.50$26.00Aug 21$0.08$0.425.25
$24.00$25.00$26.00Sep 18$0.19$0.814.26
$22.00$23.00$24.00Aug 21$0.21$0.793.76
$24.50$25.00$25.50Aug 14$0.11$0.393.55
$24.00$24.50$25.00Aug 14$0.19$0.311.63

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 40 found (best net $-0.79, 21 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-$0.06$0.94
$27.00$28.001:2Aug 28-$0.14$0.86
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$26.00$25.001:2Sep 18-$0.06$0.94
$24.00$23.001:2Sep 18-$0.21$0.79
$25.00$24.001:2Sep 18-$0.33$0.67
$23.00$22.001:2Aug 21-$0.37$0.63
$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 0.43%)

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$0.130.440.1%0.49%0.60%7359
$28.00Aug 21$0.120.175.8%0.45%6.23%45117.5K
$27.00Aug 21$0.110.292.0%0.42%2.42%8214.7K
$29.00Aug 21$0.110.129.6%0.42%9.97%5.2K136.7K
$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$0.070.380.1%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 36,473
Total Puts 6,630
Put/Call Ratio 0.18
Net Difference 29,843

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 250,079
Total Puts 307,290
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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