Tour v492
WBD
WARNER BROS DISCOVER Series A
$26.26 +1.10%
(8/6 10:30) ◀
|
Thursday, August 6, 2026 (10:35am)
January 2026
|
▶ (8/6 11:00)
◀ 8/6 10:35 ▶

Option Volume

Detail
ℹ
Current (08/06 10:35am) 63,017
Calls: 47,969 (76%)
Puts: 15,048 (24%)
Prior (02/24) 102,808
Calls: 37,452 (36%)
Puts: 65,356 (64%)
Current vs Prior -38.70%
Calls: +28.08% (Calls)
Puts: -76.98% (Puts)
Prior 7-Day Total 570,230
Calls: 261,918 (46%)
Puts: 308,312 (54%)
Prior 7-Day Average 81,461
Calls: 37,416 (46%)
Puts: 44,044 (54%)
Current vs Prior 7-Day Avg -22.64%
Calls: +28.20%
Puts: -65.83%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/06 10:35am) $2.35M
Calls: $2.01M (86%)
Puts: $340.1K (14%)
Prior (02/24) $2.71M
Calls: $1.77M (65%)
Puts: $942.9K (35%)
Current vs Prior -13.35%
Calls: +13.66%
Puts: -63.93%
Prior 7-Day Total $27.51M
Calls: $16.71M (61%)
Puts: $10.81M (39%)
Prior 7-Day Average $3.93M
Calls: $2.39M (61%)
Puts: $1.54M (39%)
Current vs Prior 7-Day Avg -40.28%
Calls: -15.89%
Puts: -77.97%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/06 10:35am) 0.31
Prior (02/24) 1.75
Current vs Prior -82.02%
Prior 7-Day Average 1.52
Current vs Prior 7-Day Avg -79.31%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/06 10:35am) 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% | 4.15%4.15% | 6.32%
Prior 2.95% | 4.88%8.37% | 6.51%
Current vs Prior -17.26% | -15.01%-50.42% | -2.92%
Prior 7-Day Avg 3.25% | 5.74%8.37% | 6.51%
Current vs 7-Day Avg -25.11% | -27.70%-50.42% | -2.92%
Prior 7-Day Eod 2.95% | 4.88%11.47% | 5.62%
Current vs 7-Day Eod -17.26% | -15.01%-63.83% | +12.44%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 71.05% | 125.00%
Calls: 71.05% | 125.00%
Puts: -- | --
Prior 110.47% | 279.89%
Calls: 159.65% | 332.00%
Puts: 61.29% | 227.78%
Current vs Prior -35.68% | -55.34%
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% | -7.82%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 86% of dollar volume in calls ($2.01M) vs puts ($340.1K). Extreme bullish P/C ratio of 0.31 - heavy call buying (47,969 calls vs 15,048 puts). P/C ratio dropping 82% - sentiment shifting bullish. Put-heavy open interest (1,809,334 puts vs 932,442 calls) suggests hedging or bearish positioning.

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
10:35BULLISHBULLISHBULLISH
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. 36 found (avg delta 0.80, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$24.50Aug 70.153.85$2.00185.0%--0.9934
$25.00Aug 70.013.35$1.68198.8%--0.98118
$22.00Sep 182.556.45$4.5086.7%--0.97262
$25.50Aug 70.522.85$1.69137.9%20.95325
$23.00Aug 211.425.40$3.41116.7%10.953
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%100.89281
$28.00Aug 210.153.80$1.98184.3%--0.863.1K

Most actively traded options today. High liquidity = easy entry/exit. 42 active (total vol 18.8K, top 5.4K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Aug 210.040.10$0.0785.7%5.4K0.08136.7K
$27.00Sep 180.320.45$0.3933.3%2.5K0.3515.9K
$26.50Aug 70.050.10$0.0862.5%1.1K0.332.8K
$28.00Aug 210.070.14$0.1163.6%5860.14117.5K
$27.00Aug 70.000.04$0.02200.0%3400.092.5K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$22.00Sep 180.000.07$0.04175.0%5.0K0.0335.9K
$26.00Aug 210.160.21$0.1926.3%2.9K0.367.0K
$25.00Sep 180.050.30$0.18138.9%1010.2026.8K
$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 328.3%, max 1574.7%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$22.00Aug 7Sep 18483.1%28.8%1574.7%--276
$31.00Aug 7Sep 18126.6%23.1%447.6%--29.2K
$29.00Aug 7Sep 1886.9%22.7%282.9%533.6K
$30.00Aug 7Sep 1895.2%25.9%267.7%--43.3K
$31.50Aug 7Aug 21137.1%39.8%244.3%--70
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$22.00Aug 7Sep 18483.1%28.8%1574.7%5.0K35.9K
$23.00Aug 7Sep 18415.0%24.9%1563.6%--2.3K
$24.00Aug 7Sep 18285.9%23.6%1114.1%224.3K
$25.00Aug 7Sep 1844.2%17.4%154.0%10529.4K
$26.00Aug 7Sep 1824.2%14.2%70.2%5728.5K

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 3.92)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$27.00$29.00Sep 4$0.13$1.87$0.1314.38$27.13
$28.00$29.00Sep 18$0.12$0.88$0.127.33$28.12
$27.00$28.00Sep 18$0.16$0.84$0.165.25$27.16
$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
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$24.00$22.00Aug 14$0.12$1.88$0.1215.67$23.88
$27.00$26.00Aug 28$0.18$0.82$0.184.56$26.82
$26.00$25.00Sep 18$0.21$0.79$0.213.76$25.79
$26.00$25.00Sep 4$0.29$0.71$0.292.45$25.71
$26.50$26.00Aug 7$0.21$0.29$0.211.38$26.29

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 25 found (best R:R 18.23, avg 2.21)

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
$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
$26.50$26.00Aug 21$0.35$0.35$0.152.33$26.15
$27.00$26.50Aug 21$0.35$0.35$0.152.33$26.65
$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

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 9 found (avg debit $0.23, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$27.00Aug 7Aug 14$0.0831.4%30.5%
$26.50Aug 7Aug 14$0.1022.6%27.7%
$27.50Aug 7Aug 21$0.1341.6%25.5%
$22.00Aug 7Aug 21$0.16483.1%72.2%
$26.00Aug 7Aug 14$0.1624.2%39.8%
PUTS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$26.00Aug 7Aug 14$0.0624.2%39.8%
$26.50Aug 7Aug 14$0.2922.6%27.7%
$25.50Aug 7Aug 14$0.4933.9%39.4%
$27.00Aug 7Aug 14$0.5631.4%30.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 34 found (cheapest 1.26% of stock, avg 7.82%)

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%
$26.00Aug 14$0.55$0.10$0.65$25.35$26.652.48%
$26.50Aug 14$0.18$0.54$0.72$25.78$27.222.74%
$26.00Aug 21$0.55$0.19$0.74$25.26$26.742.82%
$27.00Aug 7$0.02$0.80$0.82$26.18$27.823.12%
$26.50Aug 21$0.32$0.54$0.86$25.64$27.363.27%
$27.00Aug 21$0.15$0.89$1.04$25.96$28.043.96%
$26.00Sep 18$0.77$0.39$1.16$24.84$27.164.42%
$27.00Sep 18$0.39$0.89$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 2.04%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$27.00$26.00Aug 7$0.02$0.04$0.06$25.94$27.06
$28.00$24.50Aug 14$0.06$0.02$0.08$24.42$28.08
$28.00$25.00Aug 14$0.06$0.05$0.11$24.89$28.11
$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
$27.00$25.00Aug 14$0.10$0.05$0.15$24.85$27.15
$30.00$25.00Aug 28$0.05$0.10$0.15$24.85$30.15
$28.00$25.00Aug 21$0.11$0.06$0.17$24.83$28.17
$29.00$23.00Sep 18$0.11$0.06$0.17$22.83$29.17

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 7 found (best R:R 1.63, avg credit $0.50)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
26/2728/29Sep 18$0.62$0.381.63$26.38$28.62
22/2426/26Aug 14$0.90$1.100.82$23.10$26.40
26/2729/30Aug 28$0.40$0.600.67$26.60$29.40
25/2627/28Sep 18$0.37$0.630.59$25.63$27.37
25/2628/29Sep 18$0.33$0.670.49$25.67$28.33
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. 27 found (best R:R 15.67, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$22.00$23.00$24.00Sep 18$0.07$0.9313.29
$28.00$29.00$30.00Sep 18$0.09$0.9110.11
$26.00$26.50$27.00Aug 21$0.06$0.447.33
$27.00$28.00$29.00Aug 28$0.12$0.887.33
$29.00$30.00$31.00Aug 28$0.19$0.814.26
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$22.00$23.00$24.00Sep 18$0.06$0.9415.67
$24.00$25.00$26.00Sep 18$0.17$0.834.88
$22.00$23.00$24.00Aug 21$0.21$0.793.76
$25.00$26.00$27.00Sep 18$0.29$0.712.45
$24.00$24.50$25.00Aug 14$0.16$0.342.12

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 35 found (best net $--, 15 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$29.00$30.001:2Aug 7$0.00$1.00
$29.00$30.001:2Sep 18-$0.05$0.95
$27.00$28.001:2Sep 18-$0.07$0.93
$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
$26.00$25.501:2Aug 21-$0.11$0.39
$27.00$26.501:2Aug 21-$0.19$0.31
$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 1.22%, avg 0.49%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$27.00Sep 18$0.320.352.8%1.22%4.04%2.5K15.9K
$28.00Sep 18$0.200.216.6%0.76%7.39%230.7K
$26.50Aug 21$0.140.410.9%0.53%1.45%7359
$29.00Sep 18$0.090.1110.4%0.34%10.78%533.6K
$27.00Aug 21$0.080.242.8%0.30%3.12%11714.7K
$27.50Aug 21$0.080.194.7%0.30%5.03%--219
$28.00Aug 21$0.070.146.6%0.27%6.89%586117.5K
$26.50Aug 14$0.060.300.9%0.23%1.14%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 47,969
Total Puts 15,048
Put/Call Ratio 0.31
Net Difference 32,921

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 261,918
Total Puts 308,312
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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