Tour v492
WBD
WARNER BROS DISCOVER Series A
$26.43 +1.75%
(8/6 10:10) ◀
|
Thursday, August 6, 2026 (10:15am)
January 2026
|
▶ (8/6 10:20)
◀ 8/6 10:15 ▶

Option Volume

Detail
ℹ
Current (08/06 10:15am) 44,228
Calls: 37,247 (84%)
Puts: 6,981 (16%)
Prior (02/24) 102,808
Calls: 37,452 (36%)
Puts: 65,356 (64%)
Current vs Prior -56.98%
Calls: -0.55% (Calls)
Puts: -89.32% (Puts)
Prior 7-Day Total 563,868
Calls: 256,443 (45%)
Puts: 307,425 (55%)
Prior 7-Day Average 80,552
Calls: 36,634 (45%)
Puts: 43,917 (55%)
Current vs Prior 7-Day Avg -45.09%
Calls: +1.67%
Puts: -84.10%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/06 10:15am) $1.87M
Calls: $1.64M (87%)
Puts: $235.7K (13%)
Prior (02/24) $2.71M
Calls: $1.77M (65%)
Puts: $942.9K (35%)
Current vs Prior -30.91%
Calls: -7.36%
Puts: -75.00%
Prior 7-Day Total $27.53M
Calls: $16.76M (61%)
Puts: $10.77M (39%)
Prior 7-Day Average $3.93M
Calls: $2.39M (61%)
Puts: $1.54M (39%)
Current vs Prior 7-Day Avg -52.41%
Calls: -31.69%
Puts: -84.67%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/06 10:15am) 0.19
Prior (02/24) 1.75
Current vs Prior -89.26%
Prior 7-Day Average 1.52
Current vs Prior 7-Day Avg -87.64%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/06 10:15am) 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 2.76% | 4.28%4.62% | 6.28%
Prior 2.95% | 4.88%8.37% | 6.51%
Current vs Prior -6.24% | -12.46%-44.86% | -3.55%
Prior 7-Day Avg 3.25% | 5.74%8.37% | 6.51%
Current vs 7-Day Avg -15.13% | -25.53%-44.86% | -3.55%
Prior 7-Day Eod 2.95% | 4.88%11.47% | 5.62%
Current vs 7-Day Eod -6.24% | -12.46%-59.77% | +11.72%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 95.74% | 233.33%
Calls: 95.74% | 233.33%
Puts: -- | --
Prior 110.47% | 279.89%
Calls: 159.65% | 332.00%
Puts: 61.29% | 227.78%
Current vs Prior -13.33% | -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 +35.77% | +72.07%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 87% of dollar volume in calls ($1.64M) vs puts ($235.7K). Below-average activity with volume down 57% vs prior. Extreme bullish P/C ratio of 0.19 - heavy call buying (37,247 calls vs 6,981 puts). P/C ratio dropping 89% - 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
10:15BULLISHBULLISHBULLISH
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. 2 found (avg $0.14, cheapest $0.11)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Sep 180.100.12$0.1118.2%40.1233.6K
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$26.00Aug 210.160.19$0.1816.7%3710.357.0K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 35 found (avg delta 0.79, highest 0.99)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$24.00Aug 210.764.55$2.66142.5%--0.9927
$24.50Aug 70.153.85$2.00185.0%--0.9934
$25.00Aug 70.013.40$1.70199.4%--0.98118
$25.50Aug 70.522.88$1.70138.8%20.97325
$22.00Sep 182.556.45$4.5086.7%--0.92262
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$27.50Aug 70.023.10$1.56197.4%--0.9832
$30.00Sep 181.715.65$3.68107.1%--0.9225
$27.00Aug 70.012.50$1.25199.2%--0.91431
$29.00Sep 181.004.70$2.85129.8%--0.88281
$27.00Aug 140.012.70$1.36197.8%--0.83206

Most actively traded options today. High liquidity = easy entry/exit. 38 active (total vol 11.0K, top 5.2K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Aug 210.090.11$0.1020.0%5.2K0.11136.7K
$27.00Sep 180.220.60$0.4192.7%2.5K0.3715.9K
$26.50Aug 70.050.11$0.0875.0%1.1K0.422.8K
$28.00Aug 210.120.16$0.1428.6%5500.16117.5K
$27.00Aug 70.000.05$0.03166.7%3400.122.5K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$26.00Aug 210.160.19$0.1816.7%3710.357.0K
$25.00Sep 180.050.29$0.17141.2%1010.1826.8K
$26.00Aug 70.010.04$0.03100.0%350.133.4K
$24.00Sep 180.050.45$0.25160.0%220.173.8K
$26.00Aug 140.000.16$0.08200.0%200.5272

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 299.3%, max 1173.1%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$22.00Aug 7Sep 18485.2%38.1%1173.1%--276
$31.00Aug 7Sep 18123.3%22.5%447.4%--29.2K
$29.00Aug 7Sep 1883.1%22.3%273.1%433.6K
$30.00Aug 7Sep 1892.3%25.3%264.9%--43.3K
$31.50Aug 7Aug 21133.8%39.7%237.4%--70
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$22.00Aug 7Sep 18485.2%38.1%1173.1%--35.9K
$23.00Aug 7Sep 18417.8%37.0%1029.7%--2.3K
$24.00Aug 7Sep 18289.5%29.9%869.8%224.3K
$25.00Aug 7Sep 1846.6%18.0%158.9%10529.4K
$26.00Aug 7Sep 1825.6%12.3%107.9%3628.5K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 18 found (best R:R 19.00, avg 4.07)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$27.00$29.00Sep 4$0.10$1.90$0.1019.00$27.10
$27.00$28.00Sep 18$0.21$0.79$0.213.76$27.21
$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
$24.00$25.00Sep 18$0.59$0.41$0.590.69$24.59
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$0.20$0.80$0.204.00$26.80
$26.00$25.00Sep 4$0.29$0.71$0.292.45$25.71

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 24 found (best R:R 18.23, avg 2.10)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$22.00$24.50Aug 7$2.37$2.37$0.1318.23$24.37
$26.00$26.50Aug 7$0.40$0.40$0.104.00$26.40
$26.00$26.50Aug 21$0.38$0.38$0.123.17$26.38
$24.50$25.00Aug 7$0.30$0.30$0.201.50$24.80
$24.00$25.00Sep 18$0.59$0.59$0.411.44$24.59
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$30.00$29.00Sep 18$0.83$0.83$0.174.88$29.17
$25.50$25.00Aug 14$0.39$0.39$0.113.55$25.11
$26.50$26.00Aug 21$0.34$0.34$0.162.13$26.16
$27.00$26.50Aug 21$0.32$0.32$0.181.78$26.68
$27.50$27.00Aug 7$0.31$0.31$0.191.63$27.19

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 10 found (avg debit $0.18, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$27.00Aug 7Aug 14$0.0829.3%29.9%
$24.50Aug 7Aug 21$0.1060.6%47.6%
$26.50Aug 7Aug 14$0.1116.9%25.8%
$27.50Aug 7Aug 21$0.1938.4%29.0%
$22.00Aug 7Aug 21$0.23485.2%72.3%
PUTS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$26.00Aug 7Aug 14$0.0525.6%59.5%
$25.00Aug 7Aug 14$0.0946.6%23.0%
$27.00Aug 7Aug 14$0.1129.3%29.9%
$25.50Aug 7Aug 14$0.4832.3%38.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 33 found (cheapest 1.25% of stock, avg 7.77%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$26.50Aug 7$0.08$0.25$0.33$26.17$26.831.25%
$26.50Aug 14$0.19$0.25$0.44$26.06$26.941.66%
$26.00Aug 7$0.48$0.03$0.51$25.49$26.511.93%
$26.50Aug 21$0.32$0.52$0.84$25.66$27.343.18%
$26.00Aug 21$0.70$0.18$0.88$25.12$26.883.33%
$26.00Aug 14$0.88$0.08$0.96$25.04$26.963.63%
$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$28.304.92%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 77 found (cheapest 0.23% of stock, avg 2.08%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$27.00$26.00Aug 7$0.03$0.03$0.06$25.94$27.06
$28.00$24.50Aug 14$0.06$0.03$0.09$24.41$28.09
$26.50$26.00Aug 7$0.08$0.03$0.11$25.89$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 2.33, avg credit $0.51)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
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
22/2327/28Sep 18$0.32$0.680.47$22.68$27.32
25/2627/28Sep 18$0.32$0.680.47$25.68$27.32
22/2426/26Aug 14$0.57$1.430.40$23.43$26.07
25/2627/29Sep 4$0.39$1.610.24$25.61$27.39

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
$22.00$23.00$24.00Sep 18$0.07$0.9313.29
$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
$24.00$25.00$26.00Sep 18$0.19$0.814.26
$22.00$23.00$24.00Aug 21$0.21$0.793.76
$25.00$25.50$26.00Aug 21$0.13$0.372.85
$24.00$24.50$25.00Aug 14$0.19$0.311.63
$25.50$26.00$26.50Aug 7$0.20$0.301.50

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 36 found (best net $-0.02, 20 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$27.00$29.001:2Sep 4-$0.02$1.98
$22.00$24.001:2Aug 21-$0.72$1.28
$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
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$25.501:2Aug 21-$0.10$0.40

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$0.220.372.2%0.83%2.99%2.5K15.9K
$28.00Sep 18$0.140.205.9%0.53%6.47%130.7K
$26.50Aug 21$0.130.430.3%0.49%0.76%7359
$27.00Aug 21$0.130.272.2%0.49%2.65%8214.7K
$28.00Aug 21$0.120.165.9%0.45%6.39%550117.5K
$29.00Sep 18$0.100.129.7%0.38%10.10%433.6K
$29.00Aug 21$0.090.119.7%0.34%10.06%5.2K136.7K
$27.50Aug 21$0.080.234.0%0.30%4.35%--219
$26.50Aug 14$0.070.360.3%0.26%0.53%1313
$27.00Aug 14$0.060.192.2%0.23%2.38%205405

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 37,247
Total Puts 6,981
Put/Call Ratio 0.19
Net Difference 30,266

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 256,443
Total Puts 307,425
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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