Tour v490
WMG
WARNER MUSIC GROUP C A
$25.64 +2.15%
(8/3 19:04) ◀
|
Tuesday, August 4, 2026 (2:20pm)
January 2026
|
▶ (8/4 18:13)
◀ 8/4 14:23 ▶

Option Volume

Detail
ℹ
Current (08/04 2:20pm) 72
Calls: 6 (8%)
Puts: 66 (92%)
Prior (05/07) 65
Calls: 62 (95%)
Puts: 3 (5%)
Current vs Prior +10.77%
Calls: -90.32% (Calls)
Puts: +2100.00% (Puts)
Prior 7-Day Total 175
Calls: 172 (98%)
Puts: 3 (2%)
Prior 7-Day Average 87
Calls: 24 (98%)
Puts: -- (2%)
Current vs Prior 7-Day Avg -17.71%
Calls: -75.58%
Puts: +15300.00%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (08/04 2:20pm) $8.7K
Calls: $392 (5%)
Puts: $8.3K (95%)
Prior (05/07) $13.9K
Calls: $13.6K (98%)
Puts: $303 (2%)
Current vs Prior -37.77%
Calls: -97.12%
Puts: +2631.02%
Prior 7-Day Total $22.4K
Calls: $22.1K (99%)
Puts: $303 (1%)
Prior 7-Day Average $11.2K
Calls: $3.2K (99%)
Puts: $43 (1%)
Current vs Prior 7-Day Avg -22.66%
Calls: -87.59%
Puts: +19017.16%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (08/04 2:20pm) 11.00
Prior (05/07) 0.05
Current vs Prior +22633.33%
Prior 7-Day Average 0.05
Current vs Prior 7-Day Avg +22627.27%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (08/04 2:20pm) 29,422
Calls: 8,170 (28%)
Puts: 21,252 (72%)
Prior (05/07) 20,250
Calls: 20,002 (99%)
Puts: 248 (1%)
Current vs Prior +45.29%
Prior 7-Day Total 40,393
Calls: 39,897 (99%)
Puts: 496 (1%)
Prior 7-Day Average 20,196
Calls: 19,948 (99%)
Puts: 248 (1%)
Current vs Prior 7-Day Avg +45.68%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (08/21) | Next (09/18)
Current 13.10% | 13.57%
Prior 9.05% | 12.69%
Current vs Prior +44.87% | +6.95%
Prior 7-Day Avg 8.81% | 12.97%
Current vs 7-Day Avg +48.80% | +4.62%
Prior 7-Day Eod 9.05% | 12.69%
Current vs 7-Day Eod +44.87% | +6.95%
Sentiment BEARISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 29.70% | 85.28%
Calls: 31.79% | 70.55%
Puts: 27.61% | 100.00%
Prior 75.98% | 48.55%
Calls: 83.33% | 50.00%
Puts: 68.63% | 47.09%
Current vs Prior -60.91% | +75.65%
Prior 7-Day Avg 75.98% | 48.55%
Calls: 83.33% | 50.00%
Puts: 68.63% | 47.09%
Current vs 7-Day Avg -60.91% | +75.65%
Liquidity Expensive
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🤖 AI Insights

Strong bearish conviction with 95% of dollar volume in puts ($8.3K) vs calls ($392). Extreme bearish P/C ratio of 11.00 - heavy put buying. P/C ratio rising 22633% - increased hedging/bearish positioning. Put-heavy open interest (21,252 puts vs 8,170 calls) suggests hedging or bearish 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 BEARISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH
Sentiment Timeline (Today)
TimeSmart MoneyRetailOverall
14:20BEARISHBEARISHBEARISH
14:15BULLISHBULLISHBULLISH

📈 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. 4 found (avg delta 0.68, highest 0.78)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$21.00Aug 212.656.40$4.5382.8%--0.7818
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$28.00Aug 212.603.00$2.8014.3%100.7822
$27.00Aug 212.003.60$2.8057.1%--0.6487
$26.00Aug 211.401.85$1.6327.6%--0.53105

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

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$27.00Sep 180.351.30$0.83114.5%20.36--
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$28.00Aug 212.603.00$2.8014.3%100.7822

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 3 strikes (avg 37.5%, max 49.6%)

CALLS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$27.00Aug 21Sep 1861.3%41.0%49.6%220
$31.00Aug 21Sep 18119.3%81.9%45.8%--52
$28.00Aug 21Sep 1851.6%44.0%17.2%--114
PUTS (0)
No puts found

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 5 found (best R:R 8.09, avg 4.47)

BULL CALL (4)
BuySellExpiryDebitMax GainMax LossR:RBE
$28.00$29.00Aug 21$0.13$0.87$0.136.69$28.13
$27.00$28.00Sep 18$0.18$0.82$0.184.56$27.18
$26.00$27.00Aug 21$0.38$0.62$0.381.63$26.38
$27.00$28.00Aug 21$0.42$0.58$0.421.38$27.42
BEAR PUT (1)
BuySellExpiryDebitMax GainMax LossR:RBE
$24.00$22.00Aug 21$0.22$1.78$0.228.09$23.78

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 6 found (best R:R 2.13, avg 0.66)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$21.00$26.00Aug 21$3.40$3.40$1.602.13$24.40
$27.00$28.00Aug 21$0.42$0.42$0.580.72$27.42
$26.00$27.00Aug 21$0.38$0.38$0.620.61$26.38
$27.00$28.00Sep 18$0.18$0.18$0.820.22$27.18
$28.00$29.00Aug 21$0.13$0.13$0.870.15$28.13
BULL PUT (1)
SellBuyExpiryCreditMax GainMax LossR:RBE
$24.00$22.00Aug 21$0.22$0.22$1.780.12$23.78

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 3 found (avg debit $0.21, cheapest $0.08)

CALLS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$27.00Aug 21Sep 18$0.0861.3%41.0%
$31.00Aug 21Sep 18$0.22119.3%81.9%
$28.00Aug 21Sep 18$0.3251.6%44.0%
PUTS (0)
No puts found

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 3 found (cheapest 10.76% of stock, avg 12.27%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$26.00Aug 21$1.13$1.63$2.76$23.24$28.7610.76%
$28.00Aug 21$0.33$2.80$3.13$24.87$31.1312.21%
$27.00Aug 21$0.75$2.80$3.55$23.45$30.5513.85%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 15 found (cheapest 2.65% of stock, avg 6.91%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$28.00$22.00Aug 21$0.33$0.35$0.68$21.32$28.68
$28.00$24.00Aug 21$0.33$0.57$0.90$23.10$28.90
$30.00$22.00Aug 21$0.60$0.35$0.95$21.05$30.95
$27.00$22.00Aug 21$0.75$0.35$1.10$20.90$28.10
$30.00$24.00Aug 21$0.60$0.57$1.17$22.83$31.17
$31.00$22.00Aug 21$0.93$0.35$1.28$20.72$32.28
$27.00$24.00Aug 21$0.75$0.57$1.32$22.68$28.32
$26.00$22.00Aug 21$1.13$0.35$1.48$20.52$27.48
$31.00$24.00Aug 21$0.93$0.57$1.50$22.50$32.50
$26.00$24.00Aug 21$1.13$0.57$1.70$22.30$27.70

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 3 found (best R:R 0.47, avg credit $0.53)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
22/2427/28Aug 21$0.64$1.360.47$23.36$27.64
22/2426/27Aug 21$0.60$1.400.43$23.40$26.60
22/2428/29Aug 21$0.35$1.650.21$23.65$28.35

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 2 found (best R:R 2.45, cheapest $0.29)

CALLS (2)
LowMidHighExpiryDebitMax GainR:R
$27.00$28.00$29.00Aug 21$0.29$0.712.45
$28.00$29.00$30.00Aug 21$0.53$0.470.89
PUTS (0)
No puts found

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 8 found (best net $-0.13, 6 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$28.00$31.001:2Sep 18-$1.65$1.35
$28.00$29.001:2Aug 21-$0.07$0.93
$26.00$27.001:2Aug 21-$0.37$0.63
$27.00$28.001:2Sep 18-$0.47$0.53
$21.00$26.001:2Aug 21$2.27$2.73
PUTS (2)
Buy KSell KRatioExpiryNetMax Gain
$24.00$22.001:2Aug 21-$0.13$1.87
$27.00$26.001:2Aug 21-$0.46$0.54

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 4 found (best yield 3.71%, avg 2.15%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$26.00Aug 21$0.950.461.4%3.71%5.11%--40
$27.00Aug 21$0.600.355.3%2.34%7.64%--20
$27.00Sep 18$0.350.365.3%1.37%6.67%2--
$28.00Sep 18$0.300.289.2%1.17%10.37%--10

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 6
Total Puts 66
Put/Call Ratio 11.00
Net Difference -60

Prior's Put/Call Breakdown

Total Calls 62
Total Puts 3
Put/Call Ratio 0.05
Net Difference 59

Prior 7-Day Put/Call Summary

Total Calls 172
Total Puts 3
Average Put/Call Ratio 0.05
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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