Tour v528
WBD
WARNER BROS DISCOVER Series A
$30.80 +10.79%
$30.79 (-0.03%)🌙
as of 09/21 07:13 PM
9/21 19:13

Option Volume

Detail
Current (09/21) 667,996
Calls: 352,022 (53%)
Puts: 315,974 (47%)
Prior (09/18) 191,842
Calls: 62,596 (33%)
Puts: 129,246 (67%)
Current vs Prior +248.20%
Calls: +462.37% (Calls)
Puts: +144.47% (Puts)
Prior 7-Day Total 570,851
Calls: 268,392 (47%)
Puts: 302,459 (53%)
Prior 7-Day Average 81,550
Calls: 38,341 (47%)
Puts: 43,208 (53%)
Current vs Prior 7-Day Avg +719.12%
Calls: +818.12%
Puts: +631.28%
Sentiment BULLISH

Dollar Volume

Detail
Current (09/21) $43.49M
Calls: $41.71M (96%)
Puts: $1.78M (4%)
Prior (09/18) $8.14M
Calls: $2.55M (31%)
Puts: $5.58M (69%)
Current vs Prior +434.42%
Calls: +1533.99%
Puts: -68.16%
Prior 7-Day Total $37.48M
Calls: $19.93M (53%)
Puts: $17.55M (47%)
Prior 7-Day Average $5.35M
Calls: $2.85M (53%)
Puts: $2.51M (47%)
Current vs Prior 7-Day Avg +712.26%
Calls: +1364.81%
Puts: -29.05%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (09/21) 0.90
Prior (09/18) 2.06
Current vs Prior -56.53%
Prior 7-Day Average 1.25
Current vs Prior 7-Day Avg -28.29%
Sentiment NEUTRAL

Open Interest

Detail
Current (09/21) 2,096,785
Calls: 670,841 (32%)
Puts: 1,425,944 (68%)
Prior (09/18) 1,832,607
Calls: 701,707 (38%)
Puts: 1,130,900 (62%)
Current vs Prior +14.42%
Prior 7-Day Total 10,237,991
Calls: 4,173,864 (41%)
Puts: 6,064,127 (59%)
Prior 7-Day Average 1,462,570
Calls: 596,266 (41%)
Puts: 866,303 (59%)
Current vs Prior 7-Day Avg +43.36%
Sentiment BULLISH

Expected Move

Detail
Expiry (09/25) | Next (10/02)Expiry (10/16) | Next (11/20)
Current 2.01% | 2.40%5.55% | 5.55%
Prior 4.53% | 6.51%4.21% | 8.99%
Current vs Prior -55.59% | -63.10%+31.92% | -38.26%
Prior 7-Day Avg 4.05% | 6.55%4.85% | 9.20%
Current vs 7-Day Avg -50.32% | -63.32%+14.58% | -39.67%
Prior 7-Day Eod 4.53% | 6.51%4.21% | 8.99%
Current vs 7-Day Eod -55.59% | -63.10%+31.92% | -38.26%
Sentiment BULLISHBEARISH

Relative Spread

Detail
Expiry | Next
Current 59.52% | 103.57%
Calls: 59.52% | 103.57%
Puts: -- | --
Prior 59.52% | 103.57%
Calls: 59.52% | 103.57%
Puts: -- | --
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 59.52% | 103.57%
Calls: 59.52% | 103.57%
Puts: 59.52% | 103.57%
Current vs 7-Day Avg +0.00% | -0.00%
Liquidity Expensive
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🤖 AI Insights

Strong bullish conviction with 96% of dollar volume in calls ($41.71M) vs puts ($1.78M). Massive premium surge with dollar volume up 434% vs prior. Dollar volume significantly above 7-day average (712% higher). Unusually high activity with volume up 248% vs prior - elevated interest.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BEARISH
7-Day Avg BULLISH
Current NEUTRAL
Prior BEARISH
7-Day Avg NEUTRAL
Current NEUTRAL
Prior BEARISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH

📈 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 10 of results (avg 4.4%, best 0.7%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$28.00Oct 162.832.85$2.840.7%11.5K0.9348.9K
$29.00Oct 161.891.93$1.912.1%80.3K0.86127.4K
$30.00Oct 160.930.95$0.942.1%26.0K0.8550.9K
$29.00Sep 251.821.90$1.864.3%5.6K0.958.5K
$30.00Oct 90.900.94$0.924.3%1.2K0.60477
PUTS (0)
No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 10 found (avg $0.63, cheapest $0.34)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$30.50Sep 250.310.37$0.3417.6%18.2K0.80103
$30.50Oct 20.420.45$0.446.8%18.1K0.8069
$30.50Oct 160.430.49$0.4613.0%1.6K0.71--
$30.50Oct 90.400.49$0.4520.0%930.56--
$30.00Sep 250.820.87$0.855.9%10.4K0.91729
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$30.00Oct 160.060.07$0.0714.3%1820.1545

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 40 found (avg delta 0.85, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$25.50Sep 253.758.00$5.8872.3%31.00--
$26.00Sep 253.307.50$5.4077.8%11.00--
$26.50Sep 252.456.80$4.6394.0%11.00--
$27.00Sep 252.506.30$4.4086.4%251.0061
$27.50Sep 252.236.00$4.1291.5%41.00125
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$33.00Sep 250.624.00$2.31146.3%50.97--
$32.00Oct 20.004.95$2.48199.6%10.97--
$31.50Oct 20.480.92$0.7062.9%250.95--
$31.50Sep 250.051.50$0.78185.9%280.94--
$31.00Sep 250.100.46$0.28128.6%320.93572

Most actively traded options today. High liquidity = easy entry/exit. 91 active (total vol 470.6K, top 80.5K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Oct 161.891.93$1.912.1%80.3K0.86127.4K
$31.00Sep 250.000.01$0.01100.0%37.4K0.071.7K
$31.00Oct 20.010.02$0.0250.0%27.2K0.13565
$30.00Oct 160.930.95$0.942.1%26.0K0.8550.9K
$30.50Sep 250.310.37$0.3417.6%18.2K0.80103
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$27.00Sep 250.010.02$0.0250.0%80.5K0.02737
$28.00Oct 160.030.06$0.0560.0%31.5K0.0669.4K
$25.00Oct 20.000.15$0.08187.5%26.8K0.0497
$25.00Oct 160.010.11$0.06166.7%20.5K0.04178.8K
$26.00Oct 160.010.05$0.03133.3%16.9K0.0334.1K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 1 strikes (avg 68.2%, max 68.2%)

CALLS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$30.50Sep 25Oct 1611.4%6.8%68.2%19.8K103
PUTS (0)
No puts found

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 10 found (best R:R 0.52, avg 1.11)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$27.00$28.00Oct 16$0.66$0.34$0.6694%0.52$27.66
$26.50$27.00Sep 25$0.23$0.27$0.23100%1.17$26.73
$27.00$27.50Sep 25$0.28$0.22$0.28100%0.79$27.28
$29.00$30.00Oct 23$0.58$0.42$0.5890%0.72$29.58
$28.00$28.50Oct 16$0.20$0.30$0.2093%1.50$28.20
BEAR PUT (4)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$31.00$30.50Oct 2$0.20$0.30$0.2088%1.50$30.80
$31.00$30.50Sep 25$0.23$0.27$0.2392%1.17$30.77
$27.50$27.00Oct 2$0.18$0.32$0.1812%1.78$27.32
$29.50$28.00Oct 2$0.62$0.88$0.6236%1.42$28.88

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 3 found (best R:R 3.17, avg 1.48)

BEAR CALL (0)
No bear call found
BULL PUT (3)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$28.00$27.50Oct 2$0.38$0.38$0.1277%3.17$27.62
$29.50$28.00Oct 2$0.62$0.62$0.8864%0.70$28.88
$27.50$27.00Oct 2$0.18$0.18$0.3288%0.56$27.32

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

No setups found for this strategy

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 22 found (cheapest 0.94% of stock, avg 5.76%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$31.00Sep 25$0.01$0.28$0.29$30.71$31.290.94%
$31.00Oct 2$0.02$0.30$0.32$30.68$31.321.04%
$30.50Sep 25$0.34$0.05$0.39$30.11$30.891.27%
$30.50Oct 2$0.44$0.10$0.54$29.96$31.041.75%
$31.50Oct 2$0.01$0.70$0.71$30.79$32.212.31%
$31.50Sep 25$0.01$0.78$0.79$30.71$32.292.56%
$30.00Sep 25$0.85$0.03$0.88$29.12$30.882.86%
$30.00Oct 16$0.94$0.07$1.01$28.99$31.013.28%
$31.00Oct 16$0.02$1.25$1.27$29.73$32.274.12%
$29.50Sep 25$1.38$0.03$1.41$28.09$30.914.58%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 27 found (cheapest 0.13% of stock, avg 2.18%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$31.00$29.50Sep 25$0.01$0.03$0.04$29.46$31.04
$31.50$29.50Sep 25$0.01$0.03$0.04$29.46$31.54
$31.00$30.00Sep 25$0.01$0.03$0.04$29.96$31.04
$31.50$30.00Sep 25$0.01$0.03$0.04$29.96$31.54
$31.00$30.50Sep 25$0.01$0.05$0.06$30.44$31.06
$31.50$30.50Sep 25$0.01$0.05$0.06$30.44$31.56
$31.00$28.00Oct 16$0.02$0.05$0.07$27.93$31.07
$31.00$30.00Oct 16$0.02$0.07$0.09$29.91$31.09
$31.50$29.00Oct 9$0.01$0.11$0.12$28.88$31.62
$31.00$29.00Oct 9$0.02$0.11$0.13$28.87$31.13

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

No iron condor setups found

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 13 found (best R:R 15.67, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$29.00$30.00$31.00Oct 30$0.06$0.9463%15.67
$30.00$30.50$31.00Sep 25$0.18$0.3284%1.78
$30.50$31.00$31.50Sep 25$0.33$0.1774%0.52
$30.50$31.00$31.50Oct 2$0.41$0.0975%0.22
$26.00$27.00$28.00Oct 16$0.19$0.817%4.26
PUTS (4)
LowMidHighExpiryDebitMax GainPOPR:R
$30.00$30.50$31.00Sep 25$0.21$0.2982%1.38
$30.50$31.00$31.50Oct 2$0.20$0.3061%1.50
$30.50$31.00$31.50Sep 25$0.27$0.2373%0.85
$27.00$27.50$28.00Oct 2$0.20$0.3020%1.50

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 30 found (best net $-0.17, 12 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$28.00$29.001:2Oct 2-$0.17$0.83
$29.00$30.001:2Oct 23-$0.44$0.56
$29.50$30.001:2Sep 25-$0.32$0.18
$28.00$29.001:2Oct 9-$0.66$0.34
$32.00$36.001:2Oct 9-$0.37$3.63
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$29.00$27.001:2Oct 23-$0.10$1.90
$29.00$27.001:2Oct 9-$0.15$1.85
$30.00$29.001:2Oct 16-$0.19$0.81
$27.00$25.001:2Oct 2-$0.14$1.86
$26.00$25.001:2Oct 16-$0.09$0.91

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

No covered call setups found

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 352,022
Total Puts 315,974
Put/Call Ratio 0.90
Net Difference 36,048

Prior's Put/Call Breakdown

Total Calls 62,596
Total Puts 129,246
Put/Call Ratio 2.06
Net Difference -66,650

Prior 7-Day Put/Call Summary

Total Calls 268,392
Total Puts 302,459
Average Put/Call Ratio 1.25
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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