Tour v492
WBD
WARNER BROS DISCOVER Series A
$26.41 +1.68%
(8/6 14:07) ◀
|
Thursday, August 6, 2026 (3:00pm)
January 2026
|
▶ (8/6 16:01)
◀ 8/6 15:01 ▶

Option Volume

Detail
ℹ
Current (08/06 3:00pm) 135,451
Calls: 76,814 (57%)
Puts: 58,637 (43%)
Prior --
Calls: 37,452 (36%)
Puts: 65,356 (64%)
Current vs Prior +0.00%
Calls: +105.10% (Calls)
Puts: -10.28% (Puts)
Prior 7-Day Total 651,334
Calls: 294,420 (45%)
Puts: 356,914 (55%)
Prior 7-Day Average 93,047
Calls: 42,060 (45%)
Puts: 50,987 (55%)
Current vs Prior 7-Day Avg +45.57%
Calls: +82.63%
Puts: +15.00%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/06 3:00pm) $7.40M
Calls: $4.25M (57%)
Puts: $3.15M (43%)
Prior --
Calls: $1.77M (65%)
Puts: $942.9K (35%)
Current vs Prior +0.00%
Calls: +140.64%
Puts: +233.65%
Prior 7-Day Total $32.37M
Calls: $19.14M (59%)
Puts: $13.23M (41%)
Prior 7-Day Average $4.62M
Calls: $2.73M (59%)
Puts: $1.89M (41%)
Current vs Prior 7-Day Avg +59.92%
Calls: +55.45%
Puts: +66.40%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/06 3:00pm) 0.76
Prior 1.00
Current vs Prior -23.66%
Prior 7-Day Average 1.60
Current vs Prior 7-Day Avg -52.23%
Sentiment NEUTRAL

Open Interest

Detail
ℹ
Current (08/06 3:00pm) 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 2.57% | 3.07%4.01% | 7.38%
Prior 2.95% | 4.88%8.37% | 6.51%
Current vs Prior -12.59% | -37.20%-52.06% | +13.39%
Prior 7-Day Avg 3.25% | 5.74%8.37% | 6.51%
Current vs 7-Day Avg -20.88% | -46.58%-52.06% | +13.39%
Prior 7-Day Eod 2.95% | 4.88%11.47% | 5.62%
Current vs 7-Day Eod -12.59% | -37.20%-65.02% | +31.34%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 59.52% | 103.57%
Calls: 59.52% | 103.57%
Puts: -- | --
Prior 110.47% | 279.89%
Calls: 159.65% | 332.00%
Puts: 61.29% | 227.78%
Current vs Prior -46.12% | -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 -15.59% | -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
15:00BULLISHBULLISHBULLISH
14:05BULLISHBULLISHBULLISH
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 -- 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. 3 found (avg $0.14, cheapest $0.06)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Aug 210.050.06$0.0616.7%5.8K0.07136.7K
$29.00Sep 180.120.14$0.1315.4%290.1333.6K
$28.00Sep 180.220.25$0.2412.5%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. 41 found (avg delta 0.82, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$22.00Aug 73.006.50$4.7573.7%81.0014
$22.50Aug 72.656.00$4.3377.4%91.004
$23.00Aug 72.405.40$3.9076.9%41.002
$24.00Aug 71.694.50$3.1090.6%21.005
$24.50Aug 71.194.00$2.60108.1%11.0034
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$30.00Sep 181.715.70$3.71107.5%--0.9725
$28.50Aug 70.354.05$2.20168.2%10.972
$27.50Aug 70.023.05$1.54196.8%10.9632
$29.00Sep 181.002.75$1.8893.1%100.90281
$27.00Aug 70.012.50$1.25199.2%--0.87431

Most actively traded options today. High liquidity = easy entry/exit. 68 active (total vol 36.3K, top 12.1K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$28.00Sep 180.220.25$0.2412.5%12.1K0.2330.7K
$29.00Aug 210.050.06$0.0616.7%5.8K0.07136.7K
$27.00Sep 180.250.55$0.4075.0%3.5K0.3915.9K
$28.00Aug 210.080.11$0.1030.0%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%5.0K0.297.0K
$22.00Sep 180.000.07$0.04175.0%5.0K0.0335.9K
$25.00Sep 180.050.15$0.10100.0%1260.1326.8K
$26.00Aug 70.020.05$0.0475.0%1170.163.4K
$26.50Aug 210.320.50$0.4143.9%850.5423

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 199.7%, max 521.2%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$31.00Aug 7Sep 18136.2%21.9%521.2%--29.2K
$22.00Aug 7Sep 18141.4%30.2%368.2%8276
$30.00Aug 7Sep 18102.2%23.3%338.7%1343.3K
$29.50Aug 14Aug 21137.4%32.8%319.5%115
$23.00Aug 7Sep 18110.3%26.9%310.8%538
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$22.00Aug 7Sep 18141.4%30.2%368.2%5.0K35.9K
$23.00Aug 7Sep 18110.3%26.9%310.8%--2.3K
$24.00Aug 7Sep 1879.7%21.5%271.0%564.3K
$25.00Aug 7Sep 1849.1%15.9%208.6%13029.4K
$27.00Aug 7Sep 1837.9%16.6%127.7%--15.7K

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 2.52)

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$0.16$0.84$0.165.25$27.16
$26.00$27.00Sep 11$0.40$0.60$0.401.50$26.40
$24.00$25.00Sep 18$0.52$0.48$0.520.92$24.52
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 7$0.21$0.29$0.211.38$26.29
$27.00$26.00Sep 18$0.48$0.52$0.481.08$26.52
$26.50$26.00Aug 21$0.28$0.22$0.280.79$26.22

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 25 found (best R:R 8.09, avg 1.88)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$22.00$23.00Aug 21$0.89$0.89$0.118.09$22.89
$25.50$26.00Aug 7$0.39$0.39$0.113.55$25.89
$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
$23.00$23.50Aug 7$0.34$0.34$0.162.12$23.34
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
$27.00$26.50Aug 21$0.31$0.31$0.191.63$26.69
$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 $0.18, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$26.50Aug 7Aug 14$0.0629.2%12.9%
$27.00Aug 7Aug 14$0.0637.9%18.3%
$27.50Aug 7Aug 14$0.0743.8%25.4%
$28.50Aug 7Aug 21$0.1373.3%35.8%
$26.00Aug 7Aug 14$0.1728.4%19.2%
PUTS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$27.00Aug 7Aug 14$0.0737.9%18.3%
$26.00Aug 7Aug 14$0.0928.4%19.2%
$28.00Aug 21Sep 4$0.1226.2%54.7%
$25.50Aug 7Aug 14$0.4933.4%58.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 39 found (cheapest 1.40% of stock, avg 8.53%)

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$0.43$0.04$0.47$25.53$26.471.78%
$26.00Aug 14$0.60$0.13$0.73$25.27$26.732.76%
$26.50Aug 21$0.33$0.41$0.74$25.76$27.242.80%
$26.00Aug 21$0.65$0.13$0.78$25.22$26.782.95%
$25.50Aug 7$0.82$0.01$0.83$24.67$26.333.14%
$27.00Aug 21$0.24$0.72$0.96$26.04$27.963.63%
$27.00Aug 7$0.04$1.25$1.29$25.71$28.294.88%
$27.00Sep 18$0.40$0.90$1.30$25.70$28.304.92%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 70 found (cheapest 0.30% of stock, avg 1.78%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$27.00$26.00Aug 7$0.04$0.04$0.08$25.92$27.08
$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
$27.50$25.00Aug 14$0.08$0.05$0.13$24.87$27.63
$30.00$24.00Sep 18$0.06$0.08$0.14$23.86$30.14
$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
$26.50$26.00Aug 7$0.12$0.04$0.16$25.84$26.66
$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

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 3 found (best R:R 1.44, avg credit $0.50)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
26/2728/29Sep 18$0.59$0.411.44$26.41$28.59
25/2627/28Sep 18$0.48$0.520.92$25.52$27.48
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. 23 found (best R:R 19.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$27.00$28.00$29.00Sep 18$0.05$0.9519.00
$26.50$27.00$27.50Aug 7$0.05$0.459.00
$26.50$27.00$27.50Aug 14$0.06$0.447.33
$27.00$27.50$28.00Aug 21$0.06$0.447.33
$28.50$29.00$29.50Aug 21$0.06$0.447.33
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$25.00$26.00$27.00Sep 18$0.16$0.845.25
$24.00$25.00$26.00Sep 18$0.30$0.702.33
$25.50$26.00$26.50Aug 7$0.18$0.321.78
$26.00$27.00$28.00Sep 18$0.53$0.470.89
$25.00$26.00$27.00Aug 28$0.79$0.210.27

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
$28.00$29.001:2Aug 28-$0.07$0.93
$27.00$28.001:2Sep 18-$0.08$0.92
$26.00$27.001:2Aug 28-$0.25$0.75
$25.00$26.001:2Sep 18-$0.38$0.62
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
$26.50$26.001:2Aug 14-$0.05$0.45
$27.00$26.501:2Aug 21-$0.10$0.40

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 0.56%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$27.00Sep 18$0.250.392.2%0.95%3.18%3.5K15.9K
$28.00Sep 18$0.220.236.0%0.83%6.85%12.1K30.7K
$27.00Aug 21$0.180.312.2%0.68%2.92%12014.7K
$26.50Aug 21$0.160.460.3%0.61%0.95%7759
$29.00Sep 18$0.120.139.8%0.45%10.26%2933.6K
$27.50Aug 21$0.110.204.1%0.42%4.54%4219
$28.00Aug 21$0.080.146.0%0.30%6.32%1.2K117.5K
$26.50Aug 14$0.060.470.3%0.23%0.57%6313

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 76,814
Total Puts 58,637
Put/Call Ratio 0.76
Net Difference 18,177

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 294,420
Total Puts 356,914
Average Put/Call Ratio 1.60
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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