Tour v492
WBD
WARNER BROS DISCOVER Series A
$26.47 +1.91%
(8/6 11:00) ◀
|
Thursday, August 6, 2026 (12:00pm)
January 2026
|
▶ (8/6 13:01)
◀ 8/6 12:01 ▶

Option Volume

Detail
ℹ
Current (08/06 12:00pm) 72,750
Calls: 55,048 (76%)
Puts: 17,702 (24%)
Prior --
Calls: 37,452 (36%)
Puts: 65,356 (64%)
Current vs Prior +0.00%
Calls: +46.98% (Calls)
Puts: -72.91% (Puts)
Prior 7-Day Total 586,818
Calls: 270,624 (46%)
Puts: 316,194 (54%)
Prior 7-Day Average 83,831
Calls: 38,660 (46%)
Puts: 45,170 (54%)
Current vs Prior 7-Day Avg -13.22%
Calls: +42.39%
Puts: -60.81%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/06 12:00pm) $3.00M
Calls: $2.57M (86%)
Puts: $421.4K (14%)
Prior --
Calls: $1.77M (65%)
Puts: $942.9K (35%)
Current vs Prior +0.00%
Calls: +45.76%
Puts: -55.31%
Prior 7-Day Total $28.35M
Calls: $17.43M (61%)
Puts: $10.92M (39%)
Prior 7-Day Average $4.05M
Calls: $2.49M (61%)
Puts: $1.56M (39%)
Current vs Prior 7-Day Avg -26.04%
Calls: +3.39%
Puts: -73.00%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/06 12:00pm) 0.32
Prior 1.00
Current vs Prior -67.84%
Prior 7-Day Average 1.53
Current vs Prior 7-Day Avg -79.03%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/06 12:00pm) 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 2.42% | 2.80%4.31% | 6.91%
Prior 2.95% | 4.88%8.37% | 6.51%
Current vs Prior -17.92% | -42.76%-48.56% | +6.17%
Prior 7-Day Avg 3.25% | 5.74%8.37% | 6.51%
Current vs 7-Day Avg -25.71% | -51.31%-48.56% | +6.17%
Prior 7-Day Eod 2.95% | 4.88%11.47% | 5.62%
Current vs 7-Day Eod -17.92% | -42.76%-62.47% | +22.97%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 84.00% | 123.21%
Calls: 84.00% | 123.21%
Puts: -- | --
Prior 110.47% | 279.89%
Calls: 159.65% | 332.00%
Puts: 61.29% | 227.78%
Current vs Prior -23.96% | -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 +19.12% | -9.14%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 86% of dollar volume in calls ($2.57M) vs puts ($421.4K). Extreme bullish P/C ratio of 0.32 - heavy call buying (55,048 calls vs 17,702 puts). P/C ratio dropping 68% - 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
12:00BULLISHBULLISHBULLISH
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 1 of results (avg 9.1%, best 9.1%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$28.00Aug 210.100.11$0.119.1%1.2K0.14117.5K
PUTS (0)
No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 2 found (avg $0.12, cheapest $0.11)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$28.00Aug 210.100.11$0.119.1%1.2K0.14117.5K
$29.00Sep 180.120.14$0.1315.4%100.1233.6K
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 0.82, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$22.00Aug 72.426.40$4.4190.2%--1.0014
$24.50Aug 70.154.05$2.10185.7%--1.0034
$25.00Aug 70.983.55$2.26113.7%--1.00118
$25.50Aug 70.542.93$1.74137.4%61.00325
$26.00Aug 70.180.60$0.39107.7%751.001.3K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$27.50Aug 70.023.10$1.56197.4%--0.9632
$27.00Aug 70.022.50$1.26196.8%--0.94431
$30.00Sep 181.715.65$3.68107.1%--0.9325
$29.00Sep 181.004.65$2.83129.0%100.87281
$28.00Aug 210.153.70$1.93183.9%--0.853.1K

Most actively traded options today. High liquidity = easy entry/exit. 49 active (total vol 23.0K, top 5.5K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Aug 210.050.10$0.0862.5%5.5K0.09136.7K
$27.00Sep 180.360.60$0.4850.0%2.5K0.3715.9K
$28.00Sep 180.200.26$0.2326.1%2.0K0.2130.7K
$28.00Aug 210.100.11$0.119.1%1.2K0.14117.5K
$26.50Aug 70.030.20$0.12141.7%1.1K0.402.8K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$22.00Sep 180.000.07$0.04175.0%5.0K0.0335.9K
$26.00Aug 210.160.26$0.2147.6%3.9K0.377.0K
$25.00Sep 180.050.27$0.16137.5%1020.1926.8K
$26.00Aug 70.020.04$0.0366.7%770.163.4K
$25.00Aug 210.000.26$0.13200.0%490.1762.1K

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 146.9%, max 462.3%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$31.00Aug 7Sep 18129.5%23.0%462.3%--29.2K
$22.00Aug 7Sep 18146.1%28.9%405.9%--276
$30.00Aug 7Sep 1897.3%24.7%294.6%--43.3K
$31.50Aug 7Aug 21140.3%39.9%251.5%--70
$29.00Aug 7Sep 1882.3%24.1%241.5%1033.6K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$22.00Aug 7Sep 18146.1%28.9%405.9%5.0K35.9K
$23.00Aug 7Sep 18113.8%25.0%356.1%--2.3K
$24.00Aug 7Sep 1882.2%23.6%248.7%564.3K
$25.00Aug 7Sep 1845.6%16.8%171.2%10629.4K
$26.00Aug 7Sep 1824.2%14.2%70.3%9828.5K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 21 found (best R:R 16.39, avg 3.46)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$27.00$31.00Sep 11$0.23$3.77$0.2316.39$27.23
$28.00$29.00Sep 18$0.10$0.90$0.109.00$28.10
$26.50$27.00Aug 21$0.10$0.40$0.104.00$26.60
$26.50$27.00Aug 7$0.11$0.39$0.113.55$26.61
$27.00$28.00Sep 18$0.25$0.75$0.253.00$27.25
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$0.23$0.77$0.233.35$25.77
$25.50$25.00Aug 21$0.12$0.38$0.123.17$25.38
$27.00$26.00Aug 28$0.27$0.73$0.272.70$26.73
$28.00$26.00Sep 4$0.78$1.22$0.781.56$27.22

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 29 found (best R:R 12.16, avg 1.96)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$22.00$24.50Aug 7$2.31$2.31$0.1912.16$24.31
$26.00$26.50Aug 14$0.37$0.37$0.132.85$26.37
$26.00$27.00Aug 28$0.74$0.74$0.262.85$26.74
$26.00$27.00Sep 11$0.70$0.70$0.302.33$26.70
$24.00$25.00Sep 18$0.62$0.62$0.381.63$24.62
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$26.00$25.00Sep 4$0.87$0.87$0.136.69$25.13
$28.00$27.00Sep 18$0.85$0.85$0.155.67$27.15
$30.00$29.00Sep 18$0.85$0.85$0.155.67$29.15
$27.00$26.00Sep 18$0.67$0.67$0.332.03$26.33
$26.50$26.00Aug 21$0.33$0.33$0.171.94$26.17

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 12 found (avg debit $0.14, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$26.50Aug 7Aug 14$0.0628.7%24.8%
$27.00Aug 7Aug 14$0.0927.0%29.2%
$27.50Aug 7Aug 21$0.1242.3%24.7%
$22.00Aug 7Aug 21$0.13146.1%48.4%
$28.50Aug 7Aug 21$0.1370.1%37.2%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$28.00Aug 21Sep 4$0.0528.5%53.8%
$26.00Aug 7Aug 14$0.0724.2%33.5%
$25.00Aug 7Aug 14$0.0945.6%23.2%
$27.00Aug 7Aug 14$0.0927.0%29.2%
$24.00Aug 7Aug 14$0.1482.2%47.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 34 found (cheapest 1.40% of stock, avg 8.10%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$26.50Aug 7$0.12$0.25$0.37$26.13$26.871.40%
$26.50Aug 14$0.18$0.19$0.37$26.13$26.871.40%
$26.00Aug 7$0.39$0.03$0.42$25.58$26.421.59%
$26.00Aug 14$0.55$0.10$0.65$25.35$26.652.46%
$26.00Aug 21$0.60$0.21$0.81$25.19$26.813.06%
$26.50Aug 21$0.32$0.54$0.86$25.64$27.363.25%
$27.00Aug 21$0.22$0.83$1.05$25.95$28.053.97%
$26.00Sep 18$0.77$0.39$1.16$24.84$27.164.38%
$27.00Aug 7$0.01$1.26$1.27$25.73$28.274.80%
$27.00Aug 14$0.10$1.35$1.45$25.55$28.455.48%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 67 found (cheapest 0.15% of stock, avg 1.76%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$27.00$26.00Aug 7$0.01$0.03$0.04$25.96$27.04
$28.00$24.50Aug 14$0.06$0.02$0.08$24.42$28.08
$27.00$24.50Aug 14$0.10$0.02$0.12$24.38$27.12
$30.00$23.00Sep 18$0.06$0.06$0.12$22.88$30.12
$30.00$25.00Aug 28$0.05$0.09$0.14$24.86$30.14
$26.50$26.00Aug 7$0.12$0.03$0.15$25.85$26.65
$28.00$25.00Aug 14$0.06$0.10$0.16$24.84$28.16
$29.00$25.00Aug 28$0.08$0.09$0.17$24.83$29.17
$28.00$24.00Aug 21$0.11$0.07$0.18$23.82$28.18
$29.00$23.00Sep 18$0.13$0.06$0.19$22.81$29.19

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 8 found (best R:R 4.00, avg credit $0.52)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
25/2626/26Aug 21$0.40$0.104.00$25.10$26.40
26/2728/29Sep 18$0.77$0.233.35$26.23$28.77
24/2426/27Aug 21$0.38$0.123.17$24.12$26.88
22/2426/26Aug 14$1.06$0.941.13$22.94$26.56
25/2627/28Sep 18$0.48$0.520.92$25.52$27.48
25/2626/27Aug 21$0.22$0.280.79$25.28$26.72
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

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 24 found (best R:R 19.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$27.50$28.00$28.50Aug 21$0.05$0.459.00
$22.00$23.00$24.00Sep 18$0.10$0.909.00
$27.00$27.50$28.00Aug 21$0.07$0.436.14
$26.00$27.00$28.00Aug 28$0.14$0.866.14
$27.00$28.00$29.00Sep 18$0.15$0.855.67
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$22.00$23.00$24.00Aug 21$0.05$0.9519.00
$22.00$23.00$24.00Sep 18$0.06$0.9415.67
$27.00$28.00$29.00Sep 18$0.07$0.9313.29
$26.00$27.00$28.00Sep 18$0.18$0.824.56
$24.00$25.00$26.00Sep 18$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. 34 found (best net $-0.15, 14 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$27.00$29.001:2Sep 4-$0.15$1.85
$26.00$27.001:2Sep 18-$0.19$0.81
$27.50$28.001:2Aug 21-$0.09$0.41
$26.50$27.001:2Aug 21-$0.12$0.38
$28.00$28.501:2Aug 21-$0.17$0.33
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$28.00$26.001:2Sep 4-$0.42$1.58
$23.00$22.001:2Aug 21-$0.05$0.95
$25.00$24.001:2Sep 18-$0.12$0.88
$28.00$27.001:2Sep 18-$0.21$0.79
$27.00$26.501:2Aug 21-$0.25$0.25

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 8 found (best yield 1.36%, avg 0.56%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$27.00Sep 18$0.360.372.0%1.36%3.36%2.5K15.9K
$28.00Sep 18$0.200.215.8%0.76%6.54%2.0K30.7K
$26.50Aug 21$0.140.430.1%0.53%0.64%7359
$27.00Aug 21$0.130.292.0%0.49%2.49%11914.7K
$29.00Sep 18$0.120.129.6%0.45%10.01%1033.6K
$28.00Aug 21$0.100.145.8%0.38%6.16%1.2K117.5K
$27.50Aug 21$0.080.183.9%0.30%4.19%1219
$26.50Aug 14$0.060.370.1%0.23%0.34%2713

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 55,048
Total Puts 17,702
Put/Call Ratio 0.32
Net Difference 37,346

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 270,624
Total Puts 316,194
Average Put/Call Ratio 1.53
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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