Tour v492
WBD
WARNER BROS DISCOVER Series A
$26.25 +1.06%
(8/6 10:25) ◀
|
Thursday, August 6, 2026 (10:30am)
January 2026
|
▶ (8/6 10:35)
◀ 8/6 10:30 ▶

Option Volume

Detail
ℹ
Current (08/06 10:30am) 49,465
Calls: 41,948 (85%)
Puts: 7,517 (15%)
Prior (02/24) 102,808
Calls: 37,452 (36%)
Puts: 65,356 (64%)
Current vs Prior -51.89%
Calls: +12.00% (Calls)
Puts: -88.50% (Puts)
Prior 7-Day Total 568,040
Calls: 260,239 (46%)
Puts: 307,801 (54%)
Prior 7-Day Average 81,148
Calls: 37,177 (46%)
Puts: 43,971 (54%)
Current vs Prior 7-Day Avg -39.04%
Calls: +12.83%
Puts: -82.90%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/06 10:30am) $1.83M
Calls: $1.56M (85%)
Puts: $270.1K (15%)
Prior (02/24) $2.71M
Calls: $1.77M (65%)
Puts: $942.9K (35%)
Current vs Prior -32.48%
Calls: -11.72%
Puts: -71.35%
Prior 7-Day Total $27.39M
Calls: $16.61M (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 -53.25%
Calls: -34.31%
Puts: -82.46%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/06 10:30am) 0.18
Prior (02/24) 1.75
Current vs Prior -89.73%
Prior 7-Day Average 1.52
Current vs Prior 7-Day Avg -88.17%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/06 10:30am) 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 2.44% | 3.09%6.48% | 6.32%
Prior 2.95% | 4.88%8.37% | 6.51%
Current vs Prior -17.23% | -36.82%-22.65% | -2.88%
Prior 7-Day Avg 3.25% | 5.74%8.37% | 6.51%
Current vs 7-Day Avg -25.08% | -46.25%-22.65% | -2.88%
Prior 7-Day Eod 2.95% | 4.88%11.47% | 5.62%
Current vs 7-Day Eod -17.23% | -36.82%-43.56% | +12.49%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 71.05% | 151.11%
Calls: 71.05% | 151.11%
Puts: -- | --
Prior 110.47% | 279.89%
Calls: 159.65% | 332.00%
Puts: 61.29% | 227.78%
Current vs Prior -35.68% | -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 +0.76% | +11.44%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 85% of dollar volume in calls ($1.56M) vs puts ($270.1K). Below-average activity with volume down 52% vs prior. Extreme bullish P/C ratio of 0.18 - heavy call buying (41,948 calls vs 7,517 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
10:30BULLISHBULLISHBULLISH
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. 39 found (avg delta 0.83, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$21.00Aug 213.607.40$5.5069.1%--1.00104
$23.00Aug 211.425.40$3.41116.7%11.003
$24.00Aug 210.764.45$2.61141.4%--1.0027
$25.00Aug 211.051.99$1.5261.8%111.0073
$25.50Aug 210.302.99$1.65163.0%--1.0021
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$27.00Aug 70.021.57$0.80193.8%--1.00431
$27.50Aug 70.023.10$1.56197.4%--1.0032
$30.00Sep 181.715.65$3.68107.1%--0.9225
$29.00Sep 181.004.70$2.85129.8%--0.89281
$28.00Aug 210.153.80$1.98184.3%--0.863.1K

Most actively traded options today. High liquidity = easy entry/exit. 41 active (total vol 11.4K, top 5.4K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Aug 210.040.10$0.0785.7%5.4K0.08136.7K
$27.00Sep 180.250.45$0.3557.1%2.5K0.3415.9K
$26.50Aug 70.050.10$0.0862.5%1.1K0.342.8K
$28.00Aug 210.070.14$0.1163.6%5860.13117.5K
$27.00Aug 70.000.05$0.03166.7%3400.102.5K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$26.00Aug 210.160.21$0.1926.3%3760.507.0K
$25.00Sep 180.050.30$0.18138.9%1010.2026.8K
$21.00Aug 210.000.05$0.03166.7%1000.0225.1K
$26.00Aug 70.020.05$0.0475.0%360.183.4K
$24.00Sep 180.050.22$0.14121.4%220.123.8K

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 385.3%, max 1571.8%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$22.00Aug 7Sep 18482.7%28.9%1571.8%--276
$21.00Aug 7Sep 18283.4%36.0%687.5%--112
$31.00Aug 7Sep 18126.3%23.1%446.8%--29.2K
$29.00Aug 7Sep 1886.6%22.7%282.4%533.6K
$30.00Aug 7Sep 1895.0%25.9%267.1%--43.3K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$22.00Aug 7Sep 18482.7%28.9%1571.8%--35.9K
$23.00Aug 7Sep 18414.6%25.0%1560.5%--2.3K
$24.00Aug 7Sep 18285.8%23.6%1111.8%224.3K
$21.00Aug 7Sep 18283.4%36.0%687.5%--219.6K
$25.00Aug 7Sep 1844.2%17.4%153.9%10529.4K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 18 found (best R:R 15.67, avg 3.71)

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
$29.00$30.00Aug 28$0.22$0.78$0.223.55$29.22
$26.50$27.00Aug 21$0.17$0.33$0.171.94$26.67
$26.00$27.00Sep 18$0.42$0.58$0.421.38$26.42
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$24.00$22.00Aug 14$0.12$1.88$0.1215.67$23.88
$22.00$21.00Aug 21$0.17$0.83$0.174.88$21.83
$27.00$26.00Aug 28$0.18$0.82$0.184.56$26.82
$26.00$25.00Sep 18$0.20$0.80$0.204.00$25.80
$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 2.11)

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$0.80$0.80$0.204.00$23.80
$26.00$26.50Aug 14$0.38$0.38$0.123.17$26.38
$24.00$25.00Sep 18$0.69$0.69$0.312.23$24.69
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
$24.50$24.00Aug 21$0.28$0.28$0.221.27$24.22
$27.00$26.00Sep 18$0.51$0.51$0.491.04$26.49
$26.50$26.00Aug 7$0.21$0.21$0.290.72$26.29

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 11 found (avg debit $0.26, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$27.00Aug 7Aug 14$0.0733.0%30.5%
$26.50Aug 7Aug 14$0.1022.2%27.7%
$21.00Aug 7Aug 21$0.12283.4%53.3%
$27.50Aug 7Aug 21$0.1341.4%29.1%
$22.00Aug 7Aug 21$0.16482.7%69.0%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$26.00Aug 7Aug 14$0.0624.4%40.4%
$25.00Aug 7Aug 14$0.0944.2%22.9%
$25.50Aug 7Aug 14$0.4929.7%39.4%
$27.00Aug 7Aug 14$0.5633.0%30.5%
$21.00Aug 7Aug 14$0.91283.4%202.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 37 found (cheapest 1.26% of stock, avg 8.94%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$26.50Aug 7$0.08$0.25$0.33$26.17$26.831.26%
$26.00Aug 7$0.39$0.04$0.43$25.57$26.431.64%
$26.50Aug 14$0.18$0.25$0.43$26.07$26.931.64%
$26.00Aug 14$0.56$0.10$0.66$25.34$26.662.51%
$26.00Aug 21$0.58$0.19$0.77$25.23$26.772.93%
$27.00Aug 7$0.03$0.80$0.83$26.17$27.833.16%
$27.00Aug 21$0.15$0.89$1.04$25.96$28.043.96%
$26.00Sep 18$0.77$0.38$1.15$24.85$27.154.38%
$27.00Sep 18$0.35$0.89$1.24$25.76$28.244.72%
$26.50Aug 21$0.32$1.12$1.44$25.06$27.945.49%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 78 found (cheapest 0.27% of stock, avg 2.11%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$27.00$26.00Aug 7$0.03$0.04$0.07$25.93$27.07
$28.00$24.50Aug 14$0.06$0.02$0.08$24.42$28.08
$26.50$26.00Aug 7$0.08$0.04$0.12$25.88$26.62
$27.00$24.50Aug 14$0.10$0.02$0.12$24.38$27.12
$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
$27.00$21.00Aug 7$0.03$0.15$0.18$20.82$27.18
$26.50$24.50Aug 14$0.18$0.02$0.20$24.30$26.70

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 9 found (best R:R 2.70, avg credit $0.53)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
21/2224/24Aug 21$0.73$0.272.70$21.27$24.73
21/2224/25Aug 21$0.70$0.302.33$21.30$25.20
22/2426/26Aug 14$0.89$1.110.80$23.11$26.39
21/2226/26Aug 21$0.43$0.570.75$21.57$26.43
26/2729/30Aug 28$0.40$0.600.67$26.60$29.40
25/2627/28Sep 18$0.35$0.650.54$25.65$27.35
21/2226/27Aug 21$0.34$0.660.52$21.66$26.84
22/2426/26Aug 14$0.50$1.500.33$23.50$26.50
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. 26 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
$22.00$23.00$24.00Sep 18$0.07$0.9313.29
$27.00$28.00$29.00Aug 28$0.12$0.887.33
$26.00$26.50$27.00Aug 21$0.09$0.414.56
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$22.00$23.00$24.00Sep 18$0.06$0.9415.67
$24.00$25.00$26.00Sep 18$0.16$0.845.25
$22.00$23.00$24.00Aug 21$0.21$0.793.76
$25.00$26.00$27.00Sep 18$0.31$0.692.23
$25.50$26.00$26.50Aug 7$0.18$0.321.78

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 $--, 15 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$29.00$30.001:2Aug 7$0.00$1.00
$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
$28.00$29.001:2Aug 28-$0.39$0.61
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$25.00$24.001:2Sep 18-$0.10$0.90
$23.00$22.001:2Aug 21-$0.37$0.63
$25.50$25.001:2Aug 21-$0.09$0.41
$26.00$25.501:2Aug 21-$0.11$0.39
$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. 8 found (best yield 0.95%, avg 0.43%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$27.00Sep 18$0.250.342.9%0.95%3.81%2.5K15.9K
$26.50Aug 21$0.140.370.9%0.53%1.49%7359
$28.00Sep 18$0.140.206.7%0.53%7.20%130.7K
$29.00Sep 18$0.090.1110.5%0.34%10.82%533.6K
$27.00Aug 21$0.080.222.9%0.30%3.16%11714.7K
$27.50Aug 21$0.080.174.8%0.30%5.07%--219
$28.00Aug 21$0.070.136.7%0.27%6.93%586117.5K
$26.50Aug 14$0.060.310.9%0.23%1.18%1313

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 41,948
Total Puts 7,517
Put/Call Ratio 0.18
Net Difference 34,431

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 260,239
Total Puts 307,801
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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