Tour v490
WMG
WARNER MUSIC GROUP C A
$25.80 +2.79%
(8/4 14:23) ◀
|
Tuesday, August 4, 2026 (6:13pm)
January 2026
|
▶
◀ 8/4 18:13

Option Volume

Detail
ℹ
Current (08/04) 73
Calls: 7 (10%)
Puts: 66 (90%)
Prior (08/03) 71
Calls: 42 (59%)
Puts: 29 (41%)
Current vs Prior +2.82%
Calls: -83.33% (Calls)
Puts: +127.59% (Puts)
Prior 7-Day Total 5,109
Calls: 5,009 (98%)
Puts: 100 (2%)
Prior 7-Day Average 729
Calls: 715 (98%)
Puts: 14 (2%)
Current vs Prior 7-Day Avg -90.00%
Calls: -99.02%
Puts: +362.00%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (08/04) $7.6K
Calls: $562 (7%)
Puts: $7.0K (93%)
Prior (08/03) $8.2K
Calls: $4.9K (60%)
Puts: $3.3K (40%)
Current vs Prior -7.54%
Calls: -88.57%
Puts: +114.77%
Prior 7-Day Total $453.4K
Calls: $440.2K (97%)
Puts: $13.2K (3%)
Prior 7-Day Average $64.8K
Calls: $62.9K (97%)
Puts: $1.9K (3%)
Current vs Prior 7-Day Avg -88.33%
Calls: -99.11%
Puts: +270.83%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (08/04) 9.43
Prior (08/03) 0.69
Current vs Prior +1265.52%
Prior 7-Day Average 1.04
Current vs Prior 7-Day Avg +806.94%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (08/04) 253
Calls: 196 (77%)
Puts: 57 (23%)
Prior (08/03) 142
Calls: 1 (1%)
Puts: 141 (99%)
Current vs Prior +78.17%
Prior 7-Day Total 714
Calls: 340 (48%)
Puts: 374 (52%)
Prior 7-Day Average 119
Calls: 85 (41%)
Puts: 124 (59%)
Current vs Prior 7-Day Avg +112.61%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/21) | Next (09/18)
Current 14.42% | 13.49%
Prior 16.93% | 22.43%
Current vs Prior -14.85% | -39.87%
Prior 7-Day Avg 14.22% | 16.69%
Current vs 7-Day Avg +1.37% | -19.18%
Prior 7-Day Eod 16.93% | 22.43%
Current vs 7-Day Eod -14.85% | -39.87%
Sentiment BULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 29.70% | 85.28%
Calls: 31.79% | 70.55%
Puts: 27.61% | 100.00%
Prior 110.43% | 65.84%
Calls: 92.86% | 66.67%
Puts: 128.00% | 65.00%
Current vs Prior -73.11% | +29.53%
Prior 7-Day Avg 110.43% | 65.84%
Calls: 92.86% | 66.67%
Puts: 128.00% | 65.00%
Current vs 7-Day Avg -73.11% | +29.53%
Liquidity Expensive
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🤖 AI Insights

Strong bearish conviction with 93% of dollar volume in puts ($7.0K) vs calls ($562). Extreme bearish P/C ratio of 9.43 - heavy put buying. P/C ratio rising 1266% - increased hedging/bearish positioning. Call-heavy open interest (196 calls vs 57 puts) suggests bullish positioning.

Smart Money BEARISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH
Current BEARISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
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 -- 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. -- found (avg $--, cheapest $--)

No options available for this category

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 1 found (avg delta 0.77, highest 0.77)

CALLS (0)
No calls meet the criteria
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$28.00Aug 211.603.00$2.3060.9%100.77--

Most actively traded options today. High liquidity = easy entry/exit. 2 active (total vol 12, top 10)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$27.00Sep 180.151.65$0.90166.7%20.38--
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$28.00Aug 211.603.00$2.3060.9%100.77--

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

No setups found for this strategy

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

No setups found for this strategy

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

No setups found for this strategy

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. -- found (cheapest --% of stock, avg --%)

No straddle setups found

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

No strangle setups found

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. -- found (best R:R --, cheapest $--)

No setups found for this strategy

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

No setups found for this strategy

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 1 found (best yield 0.58%, avg 0.58%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$27.00Sep 18$0.150.384.7%0.58%5.23%2--

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 7
Total Puts 66
Put/Call Ratio 9.43
Net Difference -59

Prior's Put/Call Breakdown

Total Calls 42
Total Puts 29
Put/Call Ratio 0.69
Net Difference 13

Prior 7-Day Put/Call Summary

Total Calls 5,009
Total Puts 100
Average Put/Call Ratio 1.04
Ratio Trend Rising

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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