Tour v492
WBD
WARNER BROS DISCOVER Series A
$26.46 +1.89%
(8/6 12:01) ◀
|
Thursday, August 6, 2026 (1:00pm)
January 2026
|
▶ (8/6 14:01)
◀ 8/6 13:01 ▶

Option Volume

Detail
ℹ
Current (08/06 1:00pm) 89,487
Calls: 63,436 (71%)
Puts: 26,051 (29%)
Prior --
Calls: 37,452 (36%)
Puts: 65,356 (64%)
Current vs Prior +0.00%
Calls: +69.38% (Calls)
Puts: -60.14% (Puts)
Prior 7-Day Total 593,515
Calls: 275,018 (46%)
Puts: 318,497 (54%)
Prior 7-Day Average 84,787
Calls: 39,288 (46%)
Puts: 45,499 (54%)
Current vs Prior 7-Day Avg +5.54%
Calls: +61.46%
Puts: -42.74%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/06 1:00pm) $3.59M
Calls: $3.01M (84%)
Puts: $578.1K (16%)
Prior --
Calls: $1.77M (65%)
Puts: $942.9K (35%)
Current vs Prior +0.00%
Calls: +70.38%
Puts: -38.69%
Prior 7-Day Total $28.68M
Calls: $17.72M (62%)
Puts: $10.96M (38%)
Prior 7-Day Average $4.10M
Calls: $2.53M (62%)
Puts: $1.57M (38%)
Current vs Prior 7-Day Avg -12.45%
Calls: +18.86%
Puts: -63.07%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/06 1:00pm) 0.41
Prior 1.00
Current vs Prior -58.93%
Prior 7-Day Average 1.54
Current vs Prior 7-Day Avg -73.26%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/06 1:00pm) 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 2.46% | 3.10%3.70% | 7.97%
Prior 2.95% | 4.88%8.37% | 6.51%
Current vs Prior -16.61% | -36.54%-55.76% | +22.46%
Prior 7-Day Avg 3.25% | 5.74%8.37% | 6.51%
Current vs 7-Day Avg -24.52% | -46.02%-55.76% | +22.46%
Prior 7-Day Eod 2.95% | 4.88%11.47% | 5.62%
Current vs 7-Day Eod -16.61% | -36.54%-67.72% | +41.84%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 80.00% | 98.21%
Calls: 80.00% | 98.21%
Puts: -- | --
Prior 110.47% | 279.89%
Calls: 159.65% | 332.00%
Puts: 61.29% | 227.78%
Current vs Prior -27.58% | -64.91%
Prior 7-Day Avg 70.52% | 135.60%
Calls: 54.86% | 116.99%
Puts: 86.17% | 184.84%
Current vs 7-Day Avg +13.45% | -27.57%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 84% of dollar volume in calls ($3.01M) vs puts ($578.1K). Extreme bullish P/C ratio of 0.41 - heavy call buying (63,436 calls vs 26,051 puts). P/C ratio dropping 59% - 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
13:00BULLISHBULLISHBULLISH
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 -- 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. 1 found (avg $0.13, cheapest $0.13)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Sep 180.120.14$0.1315.4%210.1333.6K
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 36 found (avg delta 0.81, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$22.00Aug 73.106.05$4.5864.4%--1.0014
$24.50Aug 71.194.00$2.60108.1%11.0034
$25.00Aug 70.993.50$2.25111.6%--1.00118
$25.50Aug 70.542.93$1.74137.4%71.00325
$26.00Aug 70.200.60$0.40100.0%751.001.3K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$30.00Sep 181.715.60$3.66106.3%--0.9925
$27.50Aug 70.023.05$1.54196.8%--0.9632
$29.00Sep 181.002.75$1.8893.1%100.91281
$27.00Aug 70.012.50$1.25199.2%--0.89431
$28.00Aug 210.153.65$1.90184.2%--0.863.1K

Most actively traded options today. High liquidity = easy entry/exit. 54 active (total vol 30.7K, top 7.1K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$28.00Sep 180.200.26$0.2326.1%7.1K0.2330.7K
$29.00Aug 210.050.07$0.0633.3%5.7K0.08136.7K
$27.00Sep 180.250.60$0.4381.4%3.5K0.4115.9K
$28.00Aug 210.050.14$0.1090.0%1.2K0.14117.5K
$26.50Aug 70.030.20$0.12141.7%1.2K0.402.8K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$26.00Aug 210.060.20$0.13107.7%5.0K0.277.0K
$22.00Sep 180.000.07$0.04175.0%5.0K0.0335.9K
$25.00Sep 180.050.15$0.10100.0%1070.1326.8K
$26.50Aug 210.090.50$0.30136.7%800.5123
$26.00Aug 70.020.04$0.0366.7%770.153.4K

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 171.9%, max 511.8%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$31.00Aug 7Sep 18131.6%21.5%511.8%--29.2K
$22.00Aug 7Sep 18135.6%30.5%344.4%--276
$30.00Aug 7Sep 1898.9%22.8%333.8%--43.3K
$29.50Aug 14Aug 21136.2%33.3%308.6%115
$29.00Aug 7Sep 1883.5%21.8%282.2%2133.6K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$22.00Aug 7Sep 18135.6%30.5%344.4%5.0K35.9K
$23.00Aug 7Sep 18105.7%26.8%294.5%--2.3K
$24.00Aug 7Sep 1876.2%25.8%195.6%564.3K
$25.00Aug 7Sep 1846.7%16.7%179.3%11129.4K
$26.50Aug 7Aug 2128.8%13.3%115.8%11076

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 17 found (best R:R 16.39, avg 3.10)

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
$27.00$28.00Sep 18$0.20$0.80$0.204.00$27.20
$26.50$27.00Aug 21$0.11$0.39$0.113.55$26.61
$26.00$27.00Sep 11$0.40$0.60$0.401.50$26.40
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$26.00$25.00Aug 28$0.16$0.84$0.165.25$25.84
$26.00$25.00Sep 18$0.23$0.77$0.233.35$25.77
$26.50$26.00Aug 21$0.17$0.33$0.171.94$26.33
$26.50$26.00Aug 7$0.22$0.28$0.221.27$26.28
$25.50$25.00Aug 21$0.22$0.28$0.221.27$25.28

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 25 found (best R:R 5.67, avg 1.62)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$22.00$24.50Aug 7$1.98$1.98$0.523.81$23.98
$26.00$26.50Aug 21$0.36$0.36$0.142.57$26.36
$24.50$25.00Aug 7$0.35$0.35$0.152.33$24.85
$27.00$28.00Aug 28$0.67$0.67$0.332.03$27.67
$25.00$26.00Sep 18$0.67$0.67$0.332.03$25.67
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$28.00$27.00Sep 18$0.85$0.85$0.155.67$27.15
$28.00$26.00Sep 4$1.69$1.69$0.315.45$26.31
$27.00$26.00Sep 18$0.73$0.73$0.272.70$26.27
$24.50$24.00Aug 21$0.30$0.30$0.201.50$24.20
$27.50$27.00Aug 7$0.29$0.29$0.211.38$27.21

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 8 found (avg debit $0.16, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$26.50Aug 7Aug 14$0.0628.8%12.7%
$27.00Aug 7Aug 14$0.0733.8%18.1%
$27.50Aug 7Aug 21$0.1242.8%21.7%
$28.50Aug 7Aug 21$0.1371.1%34.3%
$26.00Aug 7Aug 14$0.2125.0%19.2%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$27.00Aug 7Aug 14$0.0733.8%18.1%
$26.00Aug 7Aug 14$0.1025.0%19.2%
$25.50Aug 7Aug 14$0.4931.5%58.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 34 found (cheapest 1.40% of stock, avg 7.85%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$26.50Aug 7$0.12$0.25$0.37$26.13$26.871.40%
$26.50Aug 14$0.18$0.21$0.39$26.11$26.891.47%
$26.00Aug 7$0.40$0.03$0.43$25.57$26.431.63%
$26.50Aug 21$0.32$0.30$0.62$25.88$27.122.34%
$26.00Aug 14$0.61$0.13$0.74$25.26$26.742.80%
$26.00Aug 21$0.68$0.13$0.81$25.19$26.813.06%
$27.00Aug 21$0.21$0.83$1.04$25.96$28.043.93%
$27.00Aug 7$0.03$1.25$1.28$25.72$28.284.84%
$26.00Sep 18$1.05$0.33$1.38$24.62$27.385.22%
$27.00Aug 14$0.10$1.32$1.42$25.58$28.425.37%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 68 found (cheapest 0.23% of stock, avg 1.59%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$27.00$26.00Aug 7$0.03$0.03$0.06$25.94$27.06
$29.00$25.00Aug 14$0.04$0.05$0.09$24.91$29.09
$28.00$25.00Aug 14$0.05$0.05$0.10$24.90$28.10
$30.00$23.00Sep 18$0.06$0.06$0.12$22.88$30.12
$26.50$26.00Aug 7$0.12$0.03$0.15$25.85$26.65
$27.00$25.00Aug 14$0.10$0.05$0.15$24.85$27.15
$28.00$24.00Aug 21$0.10$0.05$0.15$23.85$28.15
$30.00$25.00Sep 18$0.06$0.10$0.16$24.84$30.16
$29.00$26.00Aug 14$0.04$0.13$0.17$25.83$29.17
$29.00$25.00Aug 28$0.08$0.09$0.17$24.83$29.17

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 5 found (best R:R 4.88, avg credit $0.55)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
25/2627/28Aug 28$0.83$0.174.88$25.17$27.83
26/2728/29Sep 18$0.83$0.174.88$26.17$28.83
25/2626/27Aug 21$0.33$0.171.94$25.17$26.83
25/2627/28Sep 18$0.43$0.570.75$25.57$27.43
25/2628/29Sep 18$0.33$0.670.49$25.67$28.33

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 23 found (best R:R 15.67, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$22.00$23.00$24.00Sep 18$0.10$0.909.00
$27.00$28.00$29.00Sep 18$0.10$0.909.00
$26.50$27.00$27.50Aug 7$0.07$0.436.14
$27.50$28.00$28.50Aug 21$0.07$0.436.14
$28.50$29.00$29.50Aug 21$0.07$0.436.14
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$22.00$23.00$24.00Sep 18$0.06$0.9415.67
$26.00$27.00$28.00Sep 18$0.12$0.887.33
$24.00$25.00$26.00Sep 18$0.27$0.732.70
$25.50$26.00$26.50Aug 7$0.20$0.301.50
$25.00$26.00$27.00Sep 18$0.50$0.501.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 38 found (best net $-0.01, 18 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$22.00$24.501:2Aug 7-$0.62$1.88
$27.00$29.001:2Sep 4-$0.15$1.85
$27.00$28.001:2Aug 14$0.00$1.00
$29.00$30.001:2Aug 28$0.00$1.00
$30.00$31.001:2Aug 28$0.00$1.00
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$24.00$22.001:2Aug 14-$0.01$1.99
$23.00$22.001:2Aug 21$0.00$1.00
$30.00$29.001:2Sep 18-$0.10$0.90
$25.00$24.001:2Sep 18-$0.18$0.82
$28.00$27.001:2Sep 18-$0.21$0.79

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 7 found (best yield 0.94%, avg 0.52%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$27.00Sep 18$0.250.412.0%0.94%2.99%3.5K15.9K
$28.00Sep 18$0.200.235.8%0.76%6.58%7.1K30.7K
$26.50Aug 21$0.140.500.1%0.53%0.68%7359
$29.00Sep 18$0.120.139.6%0.45%10.05%2133.6K
$27.00Aug 21$0.110.322.0%0.42%2.46%12014.7K
$27.50Aug 21$0.080.203.9%0.30%4.23%4219
$26.50Aug 14$0.060.470.1%0.23%0.38%6213

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 63,436
Total Puts 26,051
Put/Call Ratio 0.41
Net Difference 37,385

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 275,018
Total Puts 318,497
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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