Tour v492
WMG
WARNER MUSIC GROUP C A
$25.55 -0.99%
(8/4 18:13) ◀
|
Wednesday, August 5, 2026 (2:20pm)
January 2026
|
▶ (8/5 18:16)
◀ 8/5 14:24 ▶

Option Volume

Detail
ℹ
Current (08/05 2:20pm) 32
Calls: 13 (41%)
Puts: 19 (59%)
Prior (08/04) 72
Calls: 6 (8%)
Puts: 66 (92%)
Current vs Prior -55.56%
Calls: +116.67% (Calls)
Puts: -71.21% (Puts)
Prior 7-Day Total 247
Calls: 178 (72%)
Puts: 69 (28%)
Prior 7-Day Average 82
Calls: 25 (72%)
Puts: 9 (28%)
Current vs Prior 7-Day Avg -61.13%
Calls: -48.88%
Puts: +92.75%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (08/05 2:20pm) $3.4K
Calls: $1.8K (53%)
Puts: $1.6K (47%)
Prior (08/04) $8.7K
Calls: $392 (5%)
Puts: $8.3K (95%)
Current vs Prior -61.06%
Calls: +357.65%
Puts: -80.89%
Prior 7-Day Total $31.1K
Calls: $22.5K (72%)
Puts: $8.6K (28%)
Prior 7-Day Average $10.4K
Calls: $3.2K (72%)
Puts: $1.2K (28%)
Current vs Prior 7-Day Avg -67.42%
Calls: -44.19%
Puts: +29.02%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/05 2:20pm) 1.46
Prior (08/04) 11.00
Current vs Prior -86.71%
Prior 7-Day Average 2.52
Current vs Prior 7-Day Avg -42.10%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (08/05 2:20pm) 29,474
Calls: 8,174 (28%)
Puts: 21,300 (72%)
Prior (08/04) 29,422
Calls: 8,170 (28%)
Puts: 21,252 (72%)
Current vs Prior +0.18%
Prior 7-Day Total 69,815
Calls: 48,067 (69%)
Puts: 21,748 (31%)
Prior 7-Day Average 23,271
Calls: 16,022 (69%)
Puts: 7,249 (31%)
Current vs Prior 7-Day Avg +26.65%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (08/21) | Next (09/18)
Current 11.27% | 14.99%
Prior 8.57% | 13.26%
Current vs Prior +31.56% | +13.08%
Prior 7-Day Avg 10.24% | 13.17%
Current vs 7-Day Avg +10.09% | +13.80%
Prior 7-Day Eod 8.57% | 13.26%
Current vs 7-Day Eod +31.56% | +13.08%
Sentiment BEARISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 40.55% | 37.86%
Calls: 32.61% | 37.84%
Puts: 48.48% | 37.88%
Prior 110.43% | 65.84%
Calls: 92.86% | 66.67%
Puts: 128.00% | 65.00%
Current vs Prior -63.28% | -42.50%
Prior 7-Day Avg 93.21% | 57.20%
Calls: 88.09% | 58.34%
Puts: 98.31% | 56.05%
Current vs 7-Day Avg -56.49% | -33.81%
Liquidity Expensive
+
Add Card

🤖 AI Insights

Light premium activity with dollar volume down 61% vs prior. Below-average activity with volume down 56% vs prior. Bearish P/C ratio of 1.46 indicates protective positioning. P/C ratio dropping 87% - sentiment shifting bullish.

Smart Money BULLISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BEARISH
7-Day Avg BULLISH
Current BEARISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BEARISH
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 -- 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. 5 found (avg delta 0.68, highest 0.78)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$21.00Aug 213.006.00$4.5066.7%--0.7818
$25.00Aug 211.151.60$1.3832.6%130.58--
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$28.00Aug 211.503.40$2.4577.6%--0.7619
$27.00Aug 211.752.65$2.2040.9%--0.7287
$26.00Aug 211.101.90$1.5053.3%10.55105

Most actively traded options today. High liquidity = easy entry/exit. 5 active (total vol 30, top 13)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$25.00Aug 211.151.60$1.3832.6%130.58--
PUTS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$24.00Aug 210.350.75$0.5572.7%120.2914
$25.00Aug 210.701.15$0.9348.4%20.4217
$23.00Sep 180.500.90$0.7057.1%20.253
$26.00Aug 211.101.90$1.5053.3%10.55105

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 2 strikes (avg 34.0%, max 38.3%)

CALLS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$31.00Aug 21Sep 18102.7%74.3%38.3%--52
$28.00Aug 21Sep 1858.9%45.4%29.7%--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. 6 found (best R:R 9.00, avg 2.74)

BULL CALL (2)
BuySellExpiryDebitMax GainMax LossR:RBE
$25.00$26.00Aug 21$0.45$0.55$0.451.22$25.45
$26.00$27.00Aug 21$0.55$0.45$0.550.82$26.55
BEAR PUT (4)
BuySellExpiryDebitMax GainMax LossR:RBE
$24.00$22.00Aug 21$0.20$1.80$0.209.00$23.80
$28.00$27.00Aug 21$0.25$0.75$0.253.00$27.75
$25.00$24.00Aug 21$0.38$0.62$0.381.63$24.62
$26.00$25.00Aug 21$0.57$0.43$0.570.75$25.43

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 8 found (best R:R 3.55, avg 1.29)

BEAR CALL (3)
SellBuyExpiryCreditMax GainMax LossR:RBE
$21.00$25.00Aug 21$3.12$3.12$0.883.55$24.12
$26.00$27.00Aug 21$0.55$0.55$0.451.22$26.55
$25.00$26.00Aug 21$0.45$0.45$0.550.82$25.45
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$27.00$26.00Aug 21$0.70$0.70$0.302.33$26.30
$26.00$25.00Aug 21$0.57$0.57$0.431.33$25.43
$25.00$24.00Aug 21$0.38$0.38$0.620.61$24.62
$28.00$27.00Aug 21$0.25$0.25$0.750.33$27.75
$24.00$22.00Aug 21$0.20$0.20$1.800.11$23.80

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.28, cheapest $0.25)

CALLS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$28.00Aug 21Sep 18$0.2558.9%45.4%
$31.00Aug 21Sep 18$0.31102.7%74.3%
PUTS (0)
No puts found

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 4 found (cheapest 9.04% of stock, avg 9.95%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$25.00Aug 21$1.38$0.93$2.31$22.69$27.319.04%
$26.00Aug 21$0.93$1.50$2.43$23.57$28.439.51%
$27.00Aug 21$0.38$2.20$2.58$24.42$29.5810.10%
$28.00Aug 21$0.40$2.45$2.85$25.15$30.8511.15%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 17 found (cheapest 2.86% of stock, avg 4.85%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$27.00$22.00Aug 21$0.38$0.35$0.73$21.27$27.73
$28.00$22.00Aug 21$0.40$0.35$0.75$21.25$28.75
$27.00$24.00Aug 21$0.38$0.55$0.93$23.07$27.93
$28.00$24.00Aug 21$0.40$0.55$0.95$23.05$28.95
$30.00$22.00Aug 21$0.60$0.35$0.95$21.05$30.95
$29.00$22.00Aug 21$0.68$0.35$1.03$20.97$30.03
$30.00$24.00Aug 21$0.60$0.55$1.15$22.85$31.15
$29.00$24.00Aug 21$0.68$0.55$1.23$22.77$30.23
$26.00$22.00Aug 21$0.93$0.35$1.28$20.72$27.28
$27.00$25.00Aug 21$0.38$0.93$1.31$23.69$28.31

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 2 found (best R:R 0.60, avg credit $0.70)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
22/2426/27Aug 21$0.75$1.250.60$23.25$26.75
22/2425/26Aug 21$0.65$1.350.48$23.35$25.65

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 5 found (best R:R 19.00, cheapest $0.05)

CALLS (3)
LowMidHighExpiryDebitMax GainR:R
$29.00$30.00$31.00Aug 21$0.05$0.9519.00
$27.00$28.00$29.00Aug 21$0.26$0.742.85
$26.00$27.00$28.00Aug 21$0.57$0.430.75
PUTS (2)
LowMidHighExpiryDebitMax GainR:R
$25.00$26.00$27.00Aug 21$0.13$0.876.69
$24.00$25.00$26.00Aug 21$0.19$0.814.26

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 12 found (best net $-1.11, 10 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$28.00$31.001:2Sep 18-$1.11$1.89
$27.00$28.001:2Aug 21-$0.42$0.58
$25.00$26.001:2Aug 21-$0.48$0.52
$29.00$30.001:2Aug 21-$0.52$0.48
$30.00$31.001:2Aug 21-$0.54$0.46
PUTS (4)
Buy KSell KRatioExpiryNetMax Gain
$24.00$22.001:2Aug 21-$0.15$1.85
$25.00$24.001:2Aug 21-$0.17$0.83
$26.00$25.001:2Aug 21-$0.36$0.64
$27.00$26.001:2Aug 21-$0.80$0.20

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 2 found (best yield 2.94%, avg 2.16%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$26.00Aug 21$0.750.441.8%2.94%4.70%--40
$28.00Sep 18$0.350.289.6%1.37%10.96%--10

Current 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
Loading data...

Prior's 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
Loading data...

Current Put/Call Breakdown

Total Calls 13
Total Puts 19
Put/Call Ratio 1.46
Net Difference -6

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 178
Total Puts 69
Average Put/Call Ratio 2.52
Ratio Trend Falling

Daily Put/Call History (Last 7 Days)

Date Calls Puts Ratio Net Diff
Loading data...

Upcoming Earnings - 2 Weeks Prior

Loading earnings data...

Upcoming Earnings - 1 Week Prior

Loading earnings data...

Earnings This Week

Loading earnings data...

Earnings - Day Before / Day After

Loading earnings data...

Options Activity Around Earnings

Ticker Earnings Date Days Away Call Volume Put Volume IV Rank
Loading data...

Chart Title

Price — Past 7 Days

Add Card

CI/CD Results
App Log
Loading...
Requests
New Request
View All