Tour v492
WBD
WARNER BROS DISCOVER Series A
$26.44 +1.81%
(8/6 13:01) ◀
|
Thursday, August 6, 2026 (2:00pm)
January 2026
|
▶ (8/6 14:07)
◀ 8/6 14:01 ▶

Option Volume

Detail
ℹ
Current (08/06 2:00pm) 130,416
Calls: 74,302 (57%)
Puts: 56,114 (43%)
Prior --
Calls: 37,452 (36%)
Puts: 65,356 (64%)
Current vs Prior +0.00%
Calls: +98.39% (Calls)
Puts: -14.14% (Puts)
Prior 7-Day Total 610,252
Calls: 283,406 (46%)
Puts: 326,846 (54%)
Prior 7-Day Average 87,178
Calls: 40,486 (46%)
Puts: 46,692 (54%)
Current vs Prior 7-Day Avg +49.60%
Calls: +83.52%
Puts: +20.18%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/06 2:00pm) $6.70M
Calls: $3.99M (60%)
Puts: $2.71M (40%)
Prior --
Calls: $1.77M (65%)
Puts: $942.9K (35%)
Current vs Prior +0.00%
Calls: +125.66%
Puts: +187.56%
Prior 7-Day Total $29.27M
Calls: $18.16M (62%)
Puts: $11.11M (38%)
Prior 7-Day Average $4.18M
Calls: $2.59M (62%)
Puts: $1.59M (38%)
Current vs Prior 7-Day Avg +60.14%
Calls: +53.65%
Puts: +70.76%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/06 2:00pm) 0.76
Prior 1.00
Current vs Prior -24.48%
Prior 7-Day Average 1.55
Current vs Prior 7-Day Avg -51.24%
Sentiment NEUTRAL

Open Interest

Detail
ℹ
Current (08/06 2:00pm) 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% | 3.06%3.63% | 7.75%
Prior 2.95% | 4.88%8.37% | 6.51%
Current vs Prior -17.83% | -37.27%-56.63% | +19.07%
Prior 7-Day Avg 3.25% | 5.74%8.37% | 6.51%
Current vs 7-Day Avg -25.62% | -46.64%-56.63% | +19.07%
Prior 7-Day Eod 2.95% | 4.88%11.47% | 5.62%
Current vs 7-Day Eod -17.83% | -37.27%-68.36% | +37.91%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 100.00% | 103.57%
Calls: 100.00% | 103.57%
Puts: -- | --
Prior 110.47% | 279.89%
Calls: 159.65% | 332.00%
Puts: 61.29% | 227.78%
Current vs Prior -9.48% | -63.00%
Prior 7-Day Avg 70.52% | 135.60%
Calls: 54.86% | 116.99%
Puts: 86.17% | 184.84%
Current vs 7-Day Avg +41.81% | -23.62%
Liquidity Expensive
+
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🤖 AI Insights

Dollar volume significantly above 7-day average (60% higher). P/C ratio dropping 24% - 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 NEUTRAL
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
14:00BULLISHBULLISHBULLISH
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 1 of results (avg 4.2%, best 4.2%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$28.00Sep 180.230.24$0.244.2%12.1K0.2330.7K
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 $0.18, cheapest $0.13)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Sep 180.120.14$0.1315.4%210.1333.6K
$28.00Sep 180.230.24$0.244.2%12.1K0.2330.7K
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 40 found (avg delta 0.83, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$22.00Aug 73.205.00$4.1043.9%21.0014
$22.50Aug 72.636.05$4.3478.8%41.004
$23.00Aug 72.405.40$3.9076.9%41.002
$24.00Aug 71.694.55$3.1291.7%21.005
$24.50Aug 71.194.00$2.60108.1%11.0034
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$28.50Aug 70.354.05$2.20168.2%10.972
$30.00Sep 181.715.70$3.71107.5%--0.9625
$27.50Aug 70.023.05$1.54196.8%10.9632
$27.00Aug 70.012.50$1.25199.2%--0.89431
$29.00Sep 181.002.75$1.8893.1%100.89281

Most actively traded options today. High liquidity = easy entry/exit. 61 active (total vol 35.8K, top 12.1K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$28.00Sep 180.230.24$0.244.2%12.1K0.2330.7K
$29.00Aug 210.050.07$0.0633.3%5.7K0.08136.7K
$27.00Sep 180.250.60$0.4381.4%3.5K0.4015.9K
$28.00Aug 210.080.12$0.1040.0%1.2K0.15117.5K
$26.50Aug 70.030.20$0.12141.7%1.2K0.392.8K
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%1080.1326.8K
$26.00Aug 70.020.04$0.0366.7%970.163.4K
$26.50Aug 210.090.50$0.30136.7%800.5123

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 197.3%, max 513.3%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$31.00Aug 7Sep 18134.4%21.9%513.3%--29.2K
$22.00Aug 7Sep 18137.9%30.2%356.9%2276
$30.00Aug 7Sep 18101.0%23.3%333.8%1243.3K
$29.50Aug 14Aug 21136.7%33.4%309.5%115
$23.00Aug 7Sep 18107.4%26.8%300.2%438
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$22.00Aug 7Sep 18137.9%30.2%356.9%5.0K35.9K
$23.00Aug 7Sep 18107.4%26.8%300.2%--2.3K
$24.00Aug 7Sep 1877.4%21.5%260.3%564.3K
$25.00Aug 7Sep 1847.3%15.9%197.4%11229.4K
$26.50Aug 7Aug 2130.3%13.3%127.7%11076

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 18 found (best R:R 16.39, avg 2.67)

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$0.11$0.89$0.118.09$28.11
$27.00$28.00Sep 18$0.19$0.81$0.194.26$27.19
$27.00$27.50Aug 21$0.11$0.39$0.113.55$27.11
$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$0.26$0.74$0.262.85$25.74
$26.00$25.00Sep 18$0.32$0.68$0.322.13$25.68
$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
$27.50$27.00Aug 7$0.29$0.21$0.290.72$27.21

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 25 found (best R:R 7.70, avg 1.59)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$23.00$24.00Aug 7$0.78$0.78$0.223.55$23.78
$27.00$28.00Aug 28$0.71$0.71$0.292.45$27.71
$24.50$25.00Aug 7$0.35$0.35$0.152.33$24.85
$22.00$23.00Aug 21$0.70$0.70$0.302.33$22.70
$26.00$26.50Aug 21$0.34$0.34$0.162.13$26.34
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$28.00$26.00Sep 4$1.77$1.77$0.237.70$26.23
$28.50$27.50Aug 7$0.66$0.66$0.341.94$27.84
$25.50$25.00Aug 21$0.33$0.33$0.171.94$25.17
$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. 10 found (avg debit $0.19, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$26.50Aug 7Aug 14$0.0630.3%12.9%
$27.00Aug 7Aug 14$0.0734.9%18.7%
$27.50Aug 7Aug 21$0.1243.9%21.7%
$28.50Aug 7Aug 21$0.1372.8%34.4%
$26.00Aug 7Aug 14$0.2125.1%19.2%
PUTS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$27.00Aug 7Aug 14$0.0734.9%18.7%
$26.00Aug 7Aug 14$0.1025.1%19.2%
$28.00Aug 21Sep 4$0.1025.3%54.2%
$25.50Aug 7Aug 14$0.4931.8%58.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 37 found (cheapest 1.40% of stock, avg 8.11%)

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$26.891.48%
$26.00Aug 7$0.39$0.03$0.42$25.58$26.421.59%
$26.50Aug 21$0.32$0.30$0.62$25.88$27.122.34%
$26.00Aug 14$0.60$0.13$0.73$25.27$26.732.76%
$26.00Aug 21$0.66$0.13$0.79$25.21$26.792.99%
$27.00Aug 21$0.24$0.83$1.07$25.93$28.074.05%
$27.00Aug 7$0.03$1.25$1.28$25.72$28.284.84%
$27.00Aug 14$0.10$1.32$1.42$25.58$28.425.37%
$27.00Sep 18$0.43$1.00$1.43$25.57$28.435.41%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 65 found (cheapest 0.23% of stock, avg 1.66%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$27.00$26.00Aug 7$0.03$0.03$0.06$25.94$27.06
$28.00$25.00Aug 14$0.03$0.05$0.08$24.92$28.08
$30.00$23.00Sep 18$0.06$0.06$0.12$22.88$30.12
$30.00$24.00Sep 18$0.06$0.08$0.14$23.86$30.14
$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
$28.00$26.00Aug 14$0.03$0.13$0.16$25.84$28.16
$30.00$25.00Sep 18$0.06$0.10$0.16$24.84$30.16
$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. 4 found (best R:R 2.23, avg credit $0.48)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
26/2728/29Sep 18$0.69$0.312.23$26.31$28.69
26/2627/28Aug 21$0.28$0.221.27$26.22$27.28
25/2627/28Sep 18$0.51$0.491.04$25.49$27.51
25/2628/29Sep 18$0.43$0.570.75$25.57$28.43

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 24 found (best R:R 15.67, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$27.00$28.00$29.00Aug 14$0.06$0.9415.67
$27.00$28.00$29.00Sep 18$0.08$0.9211.50
$22.00$23.00$24.00Sep 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
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$25.00$26.00$27.00Sep 18$0.26$0.742.85
$24.00$25.00$26.00Sep 18$0.30$0.702.33
$26.00$27.00$28.00Sep 18$0.33$0.672.03
$25.50$26.00$26.50Aug 7$0.20$0.301.50
$26.00$26.50$27.00Aug 21$0.36$0.140.39

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 36 found (best net $-0.01, 16 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$27.00$29.001:2Sep 4-$0.15$1.85
$29.00$30.001:2Aug 28$0.00$1.00
$30.00$31.001:2Aug 28$0.00$1.00
$28.00$29.001:2Aug 28-$0.07$0.93
$26.00$27.001:2Aug 28-$0.25$0.75
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
$25.00$24.001:2Sep 18-$0.06$0.94
$28.00$27.001:2Sep 18-$0.09$0.91
$26.50$26.001:2Aug 14-$0.05$0.45

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 0.54%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$27.00Sep 18$0.250.402.1%0.95%3.06%3.5K15.9K
$28.00Sep 18$0.230.235.9%0.87%6.77%12.1K30.7K
$27.00Aug 21$0.180.332.1%0.68%2.80%12014.7K
$26.50Aug 21$0.140.500.2%0.53%0.76%7359
$29.00Sep 18$0.120.139.7%0.45%10.14%2133.6K
$27.50Aug 21$0.080.204.0%0.30%4.31%4219
$28.00Aug 21$0.080.155.9%0.30%6.20%1.2K117.5K
$26.50Aug 14$0.060.470.2%0.23%0.45%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 74,302
Total Puts 56,114
Put/Call Ratio 0.76
Net Difference 18,188

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 283,406
Total Puts 326,846
Average Put/Call Ratio 1.55
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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