Tour v492
WBD
WARNER BROS DISCOVER Series A
$26.30 +1.27%
(8/6 10:20) ◀
|
Thursday, August 6, 2026 (10:25am)
January 2026
|
▶ (8/6 10:30)
◀ 8/6 10:25 ▶

Option Volume

Detail
ℹ
Current (08/06 10:25am) 47,275
Calls: 40,269 (85%)
Puts: 7,006 (15%)
Prior (02/24) 102,808
Calls: 37,452 (36%)
Puts: 65,356 (64%)
Current vs Prior -54.02%
Calls: +7.52% (Calls)
Puts: -89.28% (Puts)
Prior 7-Day Total 566,689
Calls: 258,893 (46%)
Puts: 307,796 (54%)
Prior 7-Day Average 80,955
Calls: 36,984 (46%)
Puts: 43,970 (54%)
Current vs Prior 7-Day Avg -41.60%
Calls: +8.88%
Puts: -84.07%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/06 10:25am) $1.71M
Calls: $1.47M (86%)
Puts: $241.4K (14%)
Prior (02/24) $2.71M
Calls: $1.77M (65%)
Puts: $942.9K (35%)
Current vs Prior -36.98%
Calls: -16.99%
Puts: -74.40%
Prior 7-Day Total $27.36M
Calls: $16.59M (61%)
Puts: $10.78M (39%)
Prior 7-Day Average $3.91M
Calls: $2.37M (61%)
Puts: $1.54M (39%)
Current vs Prior 7-Day Avg -56.32%
Calls: -38.13%
Puts: -84.32%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/06 10:25am) 0.17
Prior (02/24) 1.75
Current vs Prior -90.03%
Prior 7-Day Average 1.52
Current vs Prior 7-Day Avg -88.52%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/06 10:25am) 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 2.59% | 3.08%3.95% | 6.31%
Prior 2.95% | 4.88%8.37% | 6.51%
Current vs Prior -12.23% | -36.94%-52.77% | -3.07%
Prior 7-Day Avg 3.25% | 5.74%8.37% | 6.51%
Current vs 7-Day Avg -20.55% | -46.36%-52.77% | -3.07%
Prior 7-Day Eod 2.95% | 4.88%11.47% | 5.62%
Current vs 7-Day Eod -12.23% | -36.94%-65.54% | +12.27%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 89.47% | 151.11%
Calls: 89.47% | 151.11%
Puts: -- | --
Prior 110.47% | 279.89%
Calls: 159.65% | 332.00%
Puts: 61.29% | 227.78%
Current vs Prior -19.01% | -46.01%
Prior 7-Day Avg 70.52% | 135.60%
Calls: 54.86% | 116.99%
Puts: 86.17% | 184.84%
Current vs 7-Day Avg +26.88% | +11.44%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 86% of dollar volume in calls ($1.47M) vs puts ($241.4K). Below-average activity with volume down 54% vs prior. Extreme bullish P/C ratio of 0.17 - heavy call buying (40,269 calls vs 7,006 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
10:25BULLISHBULLISHBULLISH
10:20BULLISHBULLISHBULLISH
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. -- 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%--0.9934
$25.00Aug 70.013.40$1.70199.4%--0.98118
$25.50Aug 70.522.88$1.70138.8%20.98325
$22.00Sep 182.556.45$4.5086.7%--0.97262
$23.00Aug 211.425.50$3.46117.9%10.973
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$27.00Aug 70.012.50$1.25199.2%--1.00431
$27.50Aug 70.023.10$1.56197.4%--1.0032
$30.00Sep 181.715.65$3.68107.1%--0.9425
$29.00Sep 181.004.70$2.85129.8%--0.90281
$28.00Aug 210.153.80$1.98184.3%--0.883.1K

Most actively traded options today. High liquidity = easy entry/exit. 40 active (total vol 11.2K, top 5.3K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Aug 210.040.11$0.0887.5%5.3K0.11136.7K
$27.00Sep 180.250.45$0.3557.1%2.5K0.3515.9K
$26.50Aug 70.050.10$0.0862.5%1.1K0.372.8K
$28.00Aug 210.070.14$0.1163.6%5680.14117.5K
$27.00Aug 70.000.05$0.03166.7%3400.112.5K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$26.00Aug 210.160.21$0.1926.3%3760.337.0K
$25.00Sep 180.050.29$0.17141.2%1010.1926.8K
$26.00Aug 70.020.04$0.0366.7%350.153.4K
$24.00Sep 180.050.22$0.14121.4%220.123.8K
$26.00Aug 140.000.16$0.08200.0%200.5572

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 25 strikes (avg 328.6%, max 1551.9%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$22.00Aug 7Sep 18485.3%29.4%1551.9%--276
$31.00Aug 7Sep 18125.0%22.5%454.6%--29.2K
$29.00Aug 7Sep 1884.8%22.0%285.0%533.6K
$30.00Aug 7Sep 1893.7%25.3%270.8%--43.3K
$31.50Aug 7Aug 21135.5%38.8%249.4%--70
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$22.00Aug 7Sep 18485.3%29.4%1551.9%--35.9K
$23.00Aug 7Sep 18417.4%25.5%1536.0%--2.3K
$24.00Aug 7Sep 18287.7%24.2%1086.8%224.3K
$25.00Aug 7Sep 1845.4%18.0%152.2%10529.4K
$26.00Aug 7Sep 1825.0%12.3%103.0%3628.5K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 17 found (best R:R 15.67, avg 3.70)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$27.00$29.00Sep 4$0.13$1.87$0.1314.38$27.13
$27.00$28.00Sep 18$0.15$0.85$0.155.67$27.15
$26.50$27.00Aug 21$0.16$0.34$0.162.12$26.66
$26.00$27.00Sep 18$0.42$0.58$0.421.38$26.42
$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
$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
$26.00$25.00Sep 4$0.29$0.71$0.292.45$25.71
$26.50$26.00Aug 14$0.17$0.33$0.171.94$26.33

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 2.29)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$22.00$24.50Aug 7$2.37$2.37$0.1318.23$24.37
$25.00$26.00Sep 18$0.85$0.85$0.155.67$25.85
$23.00$24.00Aug 21$0.83$0.83$0.174.88$23.83
$26.00$26.50Aug 14$0.37$0.37$0.132.85$26.37
$26.00$26.50Aug 7$0.35$0.35$0.152.33$26.35
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$30.00$29.00Sep 18$0.83$0.83$0.174.88$29.17
$28.00$26.00Sep 4$1.28$1.28$0.721.78$26.72
$27.50$27.00Aug 7$0.31$0.31$0.191.63$27.19
$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 $0.15, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$24.50Aug 7Aug 21$0.0859.5%49.4%
$27.00Aug 7Aug 14$0.0831.2%30.6%
$26.50Aug 7Aug 14$0.1119.4%27.4%
$26.00Aug 7Aug 14$0.1325.0%39.3%
$27.50Aug 7Aug 21$0.1340.0%23.6%
PUTS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$26.00Aug 7Aug 14$0.0525.0%39.3%
$25.00Aug 7Aug 14$0.0945.4%23.0%
$27.00Aug 7Aug 14$0.1131.2%30.6%
$25.50Aug 7Aug 14$0.4931.0%39.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 34 found (cheapest 1.25% of stock, avg 7.85%)

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$26.941.67%
$26.00Aug 7$0.43$0.03$0.46$25.54$26.461.75%
$26.00Aug 14$0.56$0.08$0.64$25.36$26.642.43%
$26.50Aug 21$0.32$0.39$0.71$25.79$27.212.70%
$26.00Aug 21$0.65$0.19$0.84$25.16$26.843.19%
$27.00Aug 21$0.16$0.89$1.05$25.95$28.053.99%
$26.00Sep 18$0.77$0.28$1.05$24.95$27.053.99%
$27.00Sep 18$0.35$0.89$1.24$25.76$28.244.71%
$27.00Aug 7$0.03$1.25$1.28$25.72$28.284.87%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 73 found (cheapest 0.23% of stock, avg 2.05%)

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$0.02$0.08$24.42$28.08
$26.50$26.00Aug 7$0.08$0.03$0.11$25.89$26.61
$27.00$24.50Aug 14$0.11$0.02$0.13$24.37$27.13
$30.00$23.00Sep 18$0.08$0.06$0.14$22.86$30.14
$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
$29.00$23.00Sep 18$0.11$0.06$0.17$22.83$29.17
$26.50$24.50Aug 14$0.19$0.02$0.21$24.29$26.71
$27.00$25.00Aug 14$0.11$0.10$0.21$24.79$27.21

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 4 found (best R:R 0.80, avg credit $0.52)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
22/2426/26Aug 14$0.89$1.110.80$23.11$26.39
25/2627/28Sep 18$0.26$0.740.35$25.74$27.26
22/2426/26Aug 14$0.49$1.510.32$23.51$26.49
25/2627/29Sep 4$0.42$1.580.27$25.58$27.42

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 25 found (best R:R 15.67, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$27.00$28.00$29.00Sep 18$0.06$0.9415.67
$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
$26.00$27.00$28.00Sep 18$0.27$0.732.70
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$22.00$23.00$24.00Sep 18$0.06$0.9415.67
$24.00$25.00$26.00Sep 18$0.08$0.9211.50
$22.00$23.00$24.00Aug 21$0.21$0.793.76
$25.00$25.50$26.00Aug 21$0.14$0.362.57
$25.50$26.00$26.50Aug 21$0.15$0.352.33

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 $--, 17 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$29.00$30.001:2Aug 7$0.00$1.00
$28.00$29.001:2Aug 21-$0.05$0.95
$27.00$28.001:2Sep 18-$0.05$0.95
$29.00$30.001:2Sep 18-$0.05$0.95
$27.00$28.001:2Aug 28-$0.15$0.85
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$26.00$25.001:2Sep 18-$0.06$0.94
$25.00$24.001:2Sep 18-$0.11$0.89
$23.00$22.001:2Aug 21-$0.37$0.63
$26.00$25.501:2Aug 21-$0.09$0.41
$24.50$24.001:2Aug 14-$0.28$0.22

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 9 found (best yield 0.95%, avg 0.42%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$27.00Sep 18$0.250.352.7%0.95%3.61%2.5K15.9K
$26.50Aug 21$0.140.460.8%0.53%1.29%7359
$28.00Sep 18$0.140.206.5%0.53%7.00%130.7K
$27.00Aug 21$0.090.272.7%0.34%3.00%8714.7K
$29.00Sep 18$0.090.1110.3%0.34%10.61%533.6K
$27.50Aug 21$0.080.204.6%0.30%4.87%--219
$26.50Aug 14$0.070.320.8%0.27%1.03%1313
$28.00Aug 21$0.070.146.5%0.27%6.73%568117.5K
$27.00Aug 14$0.060.182.7%0.23%2.89%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 40,269
Total Puts 7,006
Put/Call Ratio 0.17
Net Difference 33,263

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 258,893
Total Puts 307,796
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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