Tour v492
WBD
WARNER BROS DISCOVER Series A
$26.36 +1.48%
(8/6 10:35) ◀
|
Thursday, August 6, 2026 (11:00am)
January 2026
|
▶ (8/6 12:01)
◀ 8/6 11:00 ▶

Option Volume

Detail
ℹ
Current (08/06 11:00am) 66,053
Calls: 50,654 (77%)
Puts: 15,399 (23%)
Prior --
Calls: 37,452 (36%)
Puts: 65,356 (64%)
Current vs Prior +0.00%
Calls: +35.25% (Calls)
Puts: -76.44% (Puts)
Prior 7-Day Total 583,782
Calls: 267,939 (46%)
Puts: 315,843 (54%)
Prior 7-Day Average 83,397
Calls: 38,277 (46%)
Puts: 45,120 (54%)
Current vs Prior 7-Day Avg -20.80%
Calls: +32.34%
Puts: -65.87%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/06 11:00am) $2.67M
Calls: $2.28M (86%)
Puts: $386.1K (14%)
Prior --
Calls: $1.77M (65%)
Puts: $942.9K (35%)
Current vs Prior +0.00%
Calls: +29.15%
Puts: -59.05%
Prior 7-Day Total $28.03M
Calls: $17.15M (61%)
Puts: $10.88M (39%)
Prior 7-Day Average $4.00M
Calls: $2.45M (61%)
Puts: $1.55M (39%)
Current vs Prior 7-Day Avg -33.40%
Calls: -6.93%
Puts: -75.15%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/06 11:00am) 0.30
Prior 1.00
Current vs Prior -69.60%
Prior 7-Day Average 1.54
Current vs Prior 7-Day Avg -80.20%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/06 11:00am) 2,741,776
Calls: 932,442 (34%)
Puts: 1,809,334 (66%)
Prior --
Calls: -- (--)
Puts: -- (--)
Current vs Prior +0.00%
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 2.43% | 3.95%4.36% | 5.77%
Prior 2.95% | 4.88%8.37% | 6.51%
Current vs Prior -17.58% | -19.21%-47.89% | -11.45%
Prior 7-Day Avg 3.25% | 5.74%8.37% | 6.51%
Current vs 7-Day Avg -25.40% | -31.28%-47.89% | -11.45%
Prior 7-Day Eod 2.95% | 4.88%11.47% | 5.62%
Current vs 7-Day Eod -17.58% | -19.21%-61.98% | +2.57%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 107.69% | 123.21%
Calls: 107.69% | 123.21%
Puts: -- | --
Prior 110.47% | 279.89%
Calls: 159.65% | 332.00%
Puts: 61.29% | 227.78%
Current vs Prior -2.52% | -55.98%
Prior 7-Day Avg 70.52% | 135.60%
Calls: 54.86% | 116.99%
Puts: 86.17% | 184.84%
Current vs 7-Day Avg +52.72% | -9.14%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 86% of dollar volume in calls ($2.28M) vs puts ($386.1K). Extreme bullish P/C ratio of 0.30 - heavy call buying (50,654 calls vs 15,399 puts). P/C ratio dropping 70% - 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 NEUTRAL
7-Day Avg NEUTRAL
Current BULLISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH
Sentiment Timeline (Today)
TimeSmart MoneyRetailOverall
11:00BULLISHBULLISHBULLISH
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. 2 found (avg $0.17, cheapest $0.13)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$28.00Aug 210.120.14$0.1315.4%5870.16117.5K
$28.00Sep 180.200.24$0.2218.2%2.0K0.2130.7K
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 37 found (avg delta 0.80, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$22.00Aug 72.396.35$4.3790.6%--1.0014
$24.50Aug 70.153.85$2.00185.0%--1.0034
$25.00Aug 70.013.35$1.68198.8%--1.00118
$25.50Aug 140.002.65$1.33199.2%--1.0021
$23.00Aug 211.425.35$3.39115.9%11.003
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$27.50Aug 70.023.10$1.56197.4%--0.9632
$27.00Aug 70.021.77$0.90194.4%--0.94431
$30.00Sep 181.715.75$3.73108.3%--0.9225
$29.00Sep 181.004.70$2.85129.8%100.89281
$28.00Aug 210.153.80$1.98184.3%--0.843.1K

Most actively traded options today. High liquidity = easy entry/exit. 46 active (total vol 21.0K, top 5.4K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Aug 210.090.11$0.1020.0%5.4K0.11136.7K
$27.00Sep 180.300.57$0.4362.8%2.5K0.3615.9K
$28.00Sep 180.200.24$0.2218.2%2.0K0.2130.7K
$26.50Aug 70.030.10$0.07100.0%1.1K0.322.8K
$28.00Aug 210.120.14$0.1315.4%5870.16117.5K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$22.00Sep 180.000.07$0.04175.0%5.0K0.0335.9K
$26.00Aug 210.160.42$0.2989.7%2.9K0.407.0K
$25.00Sep 180.050.30$0.18138.9%1010.2026.8K
$26.00Aug 70.030.05$0.0450.0%570.183.4K
$24.00Aug 70.000.02$0.01200.0%330.02539

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 26 strikes (avg 139.4%, max 454.0%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$31.00Aug 7Sep 18127.5%23.0%454.0%--29.2K
$22.00Aug 7Sep 18143.3%28.9%396.6%--276
$30.00Aug 7Sep 1895.9%25.9%270.2%--43.3K
$29.00Aug 7Sep 1881.2%22.1%267.4%533.6K
$31.50Aug 7Aug 21138.1%39.9%246.5%--70
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$22.00Aug 7Sep 18143.3%28.9%396.6%5.0K35.9K
$23.00Aug 7Sep 18111.6%24.9%347.4%--2.3K
$24.00Aug 7Sep 1880.5%23.6%241.6%554.3K
$25.00Aug 7Sep 1844.5%17.4%155.8%10529.4K
$26.00Aug 7Sep 1825.8%14.2%81.8%7828.5K

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 2.86)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$28.00$29.00Sep 18$0.12$0.88$0.127.33$28.12
$27.00$28.00Sep 18$0.21$0.79$0.213.76$27.21
$26.50$27.00Aug 21$0.16$0.34$0.162.12$26.66
$26.00$27.00Sep 18$0.34$0.66$0.341.94$26.34
$26.00$26.50Aug 21$0.29$0.21$0.290.72$26.29
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$0.21$0.79$0.213.76$25.79
$27.00$26.00Aug 28$0.26$0.74$0.262.85$26.74
$26.00$25.00Sep 4$0.29$0.71$0.292.45$25.71
$27.00$26.00Sep 18$0.36$0.64$0.361.78$26.64

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 2.44)

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$0.84$0.84$0.165.25$23.84
$26.00$26.50Aug 14$0.39$0.39$0.113.55$26.39
$26.00$27.00Sep 11$0.71$0.71$0.292.45$26.71
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$30.00$29.00Sep 18$0.88$0.88$0.127.33$29.12
$26.50$26.00Aug 14$0.39$0.39$0.113.55$26.11
$28.00$26.00Sep 4$1.43$1.43$0.572.51$26.57
$27.00$26.50Aug 21$0.34$0.34$0.162.12$26.66
$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. 12 found (avg debit $0.17, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$26.50Aug 7Aug 14$0.0920.9%24.6%
$27.00Aug 7Aug 14$0.0927.0%30.0%
$27.50Aug 7Aug 21$0.1341.9%25.5%
$28.50Aug 7Aug 21$0.1369.2%37.2%
$22.00Aug 7Aug 21$0.16143.3%72.2%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$26.00Aug 7Aug 14$0.0625.8%37.2%
$25.00Aug 7Aug 14$0.0944.5%23.0%
$24.00Aug 7Aug 14$0.1480.5%46.9%
$26.50Aug 7Aug 14$0.2420.9%24.6%
$25.50Aug 7Aug 14$0.3334.2%28.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 34 found (cheapest 1.21% of stock, avg 7.67%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$26.50Aug 7$0.07$0.25$0.32$26.18$26.821.21%
$26.00Aug 7$0.39$0.04$0.43$25.57$26.431.63%
$26.00Aug 14$0.55$0.10$0.65$25.35$26.652.47%
$26.50Aug 14$0.16$0.49$0.65$25.85$27.152.47%
$26.50Aug 21$0.32$0.54$0.86$25.64$27.363.26%
$26.00Aug 21$0.61$0.29$0.90$25.10$26.903.41%
$27.00Aug 7$0.01$0.90$0.91$26.09$27.913.45%
$27.00Aug 21$0.16$0.88$1.04$25.96$28.043.95%
$26.00Sep 18$0.77$0.39$1.16$24.84$27.164.40%
$27.00Sep 18$0.43$0.75$1.18$25.82$28.184.48%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 67 found (cheapest 0.19% of stock, avg 1.95%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$27.00$26.00Aug 7$0.01$0.04$0.05$25.95$27.05
$28.00$24.50Aug 14$0.06$0.02$0.08$24.42$28.08
$26.50$26.00Aug 7$0.07$0.04$0.11$25.89$26.61
$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$0.10$0.06$0.16$22.84$29.16
$26.50$24.50Aug 14$0.16$0.02$0.18$24.32$26.68
$27.00$25.00Aug 14$0.10$0.10$0.20$24.80$27.20

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 5 found (best R:R 0.92, avg credit $0.53)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
26/2728/29Sep 18$0.48$0.520.92$26.52$28.48
22/2426/26Aug 14$0.90$1.100.82$23.10$26.40
25/2627/28Sep 18$0.42$0.580.72$25.58$27.42
25/2628/29Sep 18$0.33$0.670.49$25.67$28.33
22/2426/26Aug 14$0.51$1.490.34$23.49$26.51

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 28 found (best R:R 15.67, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$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$0.09$0.9110.11
$28.00$29.00$30.00Sep 18$0.10$0.909.00
$26.50$27.00$27.50Aug 7$0.06$0.447.33
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$22.00$23.00$24.00Sep 18$0.06$0.9415.67
$25.00$26.00$27.00Sep 18$0.15$0.855.67
$24.00$25.00$26.00Sep 18$0.17$0.834.88
$26.00$26.50$27.00Aug 21$0.09$0.414.56
$22.00$23.00$24.00Aug 21$0.21$0.793.76

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 39 found (best net $-0.15, 17 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$27.00$29.001:2Sep 4-$0.15$1.85
$29.00$30.001:2Sep 18-$0.06$0.94
$26.00$27.001:2Sep 18-$0.09$0.91
$27.00$28.001:2Aug 28-$0.15$0.85
$28.00$29.001:2Aug 28-$0.15$0.85
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
$27.00$26.501:2Aug 21-$0.20$0.30
$27.50$27.001:2Aug 7-$0.24$0.26
$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 1.14%, avg 0.49%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$27.00Sep 18$0.300.362.4%1.14%3.57%2.5K15.9K
$28.00Sep 18$0.200.216.2%0.76%6.98%2.0K30.7K
$26.50Aug 21$0.140.420.5%0.53%1.06%7359
$28.00Aug 21$0.120.166.2%0.46%6.68%587117.5K
$27.00Aug 21$0.090.252.4%0.34%2.77%11714.7K
$29.00Aug 21$0.090.1110.0%0.34%10.36%5.4K136.7K
$27.50Aug 21$0.080.194.3%0.30%4.63%--219
$29.00Sep 18$0.070.1010.0%0.27%10.28%533.6K
$26.50Aug 14$0.060.320.5%0.23%0.76%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 50,654
Total Puts 15,399
Put/Call Ratio 0.30
Net Difference 35,255

Prior's Put/Call Breakdown

Total Calls 37,452
Total Puts 65,356
Put/Call Ratio 1.00
Net Difference -27,904

Prior 7-Day Put/Call Summary

Total Calls 267,939
Total Puts 315,843
Average Put/Call Ratio 1.54
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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