NEW Tour v246
WBD
WARNER BROS DISCOVER Series A
$26.66 -1.73%
$26.59 (-0.26%)🌙
as of 06/30 07:03 PM
6/30 19:03

Option Volume

Detail
Current (06/30) 25,236
Calls: 8,222 (33%)
Puts: 17,014 (67%)
Prior (06/29) 45,437
Calls: 14,467 (32%)
Puts: 30,970 (68%)
Current vs Prior -44.46%
Calls: -43.17% (Calls)
Puts: -45.06% (Puts)
Prior 7-Day Total 508,564
Calls: 228,059 (45%)
Puts: 280,505 (55%)
Prior 7-Day Average 72,652
Calls: 32,579 (45%)
Puts: 40,072 (55%)
Current vs Prior 7-Day Avg -65.26%
Calls: -74.76%
Puts: -57.54%
Sentiment BEARISH

Dollar Volume

Detail
Current (06/30) $2.33M
Calls: $633.9K (27%)
Puts: $1.69M (73%)
Prior (06/29) $3.35M
Calls: $947.0K (28%)
Puts: $2.40M (72%)
Current vs Prior -30.54%
Calls: -33.06%
Puts: -29.55%
Prior 7-Day Total $45.47M
Calls: $24.75M (54%)
Puts: $20.73M (46%)
Prior 7-Day Average $6.50M
Calls: $3.54M (54%)
Puts: $2.96M (46%)
Current vs Prior 7-Day Avg -64.17%
Calls: -82.07%
Puts: -42.80%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (06/30) 2.07
Prior (06/29) 2.14
Current vs Prior -3.34%
Prior 7-Day Average 1.74
Current vs Prior 7-Day Avg +18.97%
Sentiment BEARISH

Open Interest

Detail
Current (06/30) 1,387,290
Calls: 492,493 (36%)
Puts: 894,797 (64%)
Prior (06/29) 1,342,833
Calls: 499,508 (37%)
Puts: 843,325 (63%)
Current vs Prior +3.31%
Prior 7-Day Total 9,558,264
Calls: 3,533,242 (37%)
Puts: 6,025,022 (63%)
Prior 7-Day Average 1,365,466
Calls: 504,748 (37%)
Puts: 860,717 (63%)
Current vs Prior 7-Day Avg +1.60%
Sentiment BULLISH

Expected Move

Detail
Expiry (07/10) | Next (07/17)Expiry (07/10) | Next (07/17)Expiry (07/17) | Next (08/21)
Current 10.84% | 11.59%10.84% | 11.59%11.59% | 15.53%
Prior 6.30% | 7.48%-- | ---- | --
Current vs Prior -50.01% | +44.87%-- | ---- | --
Prior 7-Day Avg 6.09% | 8.30%-- | ---- | --
Current vs 7-Day Avg -48.29% | +30.59%-- | ---- | --
Prior 7-Day Eod 6.30% | 7.48%-- | ---- | --
Current vs 7-Day Eod -50.01% | +44.87%-- | ---- | --
Sentiment BULLISH----

Relative Spread

Detail
Expiry | Next
Current 34.07% | 95.34%
Calls: 24.39% | 42.00%
Puts: 43.75% | 148.68%
Prior 34.07% | 95.34%
Calls: 24.39% | 42.00%
Puts: 43.75% | 148.68%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 204.18% | 224.44%
Calls: 110.61% | 179.57%
Puts: 297.76% | 281.60%
Current vs 7-Day Avg -83.31% | -57.52%
Liquidity Expensive
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🤖 AI Insights

Moderately bearish flow with 73% put dollar volume ($1.69M). Below-average activity with volume down 44% vs prior. Extreme bearish P/C ratio of 2.07 - heavy put buying. Put-heavy open interest (894,797 puts vs 492,493 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 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. 1 found (avg $0.73, cheapest $0.73)

CALLS (0)
No calls meet the criteria
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$26.00Jul 170.680.77$0.7312.3%2580.3627.6K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 21 found (avg delta 0.73, highest 0.98)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$25.00Jul 20.013.80$1.90199.5%30.90--
$25.50Jul 20.131.76$0.95171.6%300.891
$26.00Jul 20.010.95$0.48195.8%270.7975
$22.00Jul 22.906.75$4.8379.7%10.78--
$24.50Jul 20.604.25$2.42150.8%20.70--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$31.00Jul 22.406.30$4.3589.7%10.98--
$28.50Jul 20.253.80$2.03174.9%250.9840
$31.50Jul 22.856.80$4.8381.8%10.98--
$28.00Jul 20.013.30$1.65199.4%200.9030
$27.50Jul 20.012.85$1.43198.6%5400.8130

Most actively traded options today. High liquidity = easy entry/exit. 57 active (total vol 13.9K, top 1.7K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$27.00Jul 20.110.25$0.1877.8%1.1K0.332.9K
$28.00Jul 170.300.45$0.3839.5%7980.3146.6K
$27.50Jul 170.010.95$0.48195.8%6800.3988
$28.00Jul 20.030.06$0.0560.0%4680.1039.9K
$31.00Aug 70.010.04$0.03100.0%3280.0310
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$27.00Jul 171.051.30$1.1821.2%1.7K0.5219.8K
$25.00Jul 170.350.45$0.4025.0%1.6K0.2365.8K
$27.00Jul 20.350.59$0.4751.1%1.2K0.673.9K
$26.50Jul 20.190.30$0.2544.0%1.1K0.43171
$22.00Jul 170.000.13$0.07185.7%1.0K0.0531.1K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 10 strikes (avg 75.5%, max 192.7%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$28.00Jul 2Aug 752.9%33.5%57.8%47539.9K
$27.50Jul 2Jul 1749.4%31.9%55.1%7571.1K
$29.00Jul 2Jul 3153.4%36.4%46.5%41401
$31.00Jul 24Aug 733.4%27.3%22.4%367217
$30.00Jul 10Jul 1743.4%36.7%18.3%22923.5K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$22.00Jul 10Jul 17167.9%57.3%192.7%1.0K31.8K
$24.00Jul 10Jul 17120.2%47.2%154.7%11325.7K
$25.00Jul 2Jul 2471.8%32.7%119.6%6082.3K
$28.00Jul 2Jul 1752.9%34.4%53.7%5030
$25.50Jul 2Jul 1052.6%39.1%34.4%2546.4K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 18 found (best R:R 9.53, avg 3.07)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$28.00$30.00Jul 10$0.19$1.81$0.199.53$28.19
$29.00$30.00Jul 17$0.12$0.88$0.127.33$29.12
$28.00$31.00Aug 7$0.45$2.55$0.455.67$28.45
$28.00$29.00Jul 17$0.17$0.83$0.174.88$28.17
$26.00$26.50Jul 2$0.11$0.39$0.113.55$26.11
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$25.00$24.00Jul 17$0.23$0.77$0.233.35$24.77
$26.50$26.00Jul 2$0.14$0.36$0.142.57$26.36
$28.00$27.00Jul 17$0.31$0.69$0.312.23$27.69
$26.00$25.00Jul 17$0.33$0.67$0.332.03$25.67
$27.00$26.50Jul 2$0.22$0.28$0.221.27$26.78

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 21 found (best R:R 12.89, avg 1.39)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$27.50$28.00Jul 10$0.36$0.36$0.142.57$27.86
$27.00$27.50Jul 17$0.33$0.33$0.171.94$27.33
$27.00$29.00Jul 31$1.18$1.18$0.821.44$28.18
$27.00$28.00Jul 24$0.49$0.49$0.510.96$27.49
$26.50$27.00Jul 2$0.19$0.19$0.310.61$26.69
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$31.00$28.50Jul 2$2.32$2.32$0.1812.89$28.68
$28.50$28.00Jul 2$0.38$0.38$0.123.17$28.12
$27.00$26.00Jul 17$0.45$0.45$0.550.82$26.55
$27.00$26.50Jul 2$0.22$0.22$0.280.79$26.78
$28.00$27.50Jul 2$0.22$0.22$0.280.79$27.78

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 13 found (avg debit $0.50, cheapest $0.07)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$30.00Jul 10Jul 17$0.0743.4%36.7%
$28.00Jul 2Jul 10$0.1652.9%46.5%
$29.00Jul 2Jul 17$0.2053.4%37.0%
$27.00Jul 2Jul 10$0.4143.6%53.8%
$27.50Jul 2Jul 10$0.4749.4%63.6%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$26.50Jul 2Jul 10$0.2438.9%92.4%
$26.00Jul 2Jul 10$0.2943.4%26.3%
$25.00Jul 2Jul 10$0.3271.8%50.0%
$25.50Jul 2Jul 10$0.3452.6%39.1%
$28.50Jul 2Jul 17$0.4144.0%80.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 11 found (cheapest 2.21% of stock, avg 5.57%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$26.00Jul 2$0.48$0.11$0.59$25.41$26.592.21%
$26.50Jul 2$0.37$0.25$0.62$25.88$27.122.33%
$27.00Jul 2$0.18$0.47$0.65$26.35$27.652.44%
$25.50Jul 2$0.95$0.07$1.02$24.48$26.523.83%
$27.50Jul 2$0.10$1.43$1.53$25.97$29.035.74%
$28.00Jul 2$0.05$1.65$1.70$26.30$29.706.38%
$28.00Jul 17$0.38$1.49$1.87$26.13$29.877.01%
$25.00Jul 2$1.90$0.08$1.98$23.02$26.987.43%
$27.00Jul 17$0.81$1.18$1.99$25.01$28.997.46%
$27.00Jul 10$0.59$1.45$2.04$24.96$29.047.65%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 46 found (cheapest 0.45% of stock, avg 2.71%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$28.00$25.50Jul 2$0.05$0.07$0.12$25.38$28.12
$28.00$25.00Jul 2$0.05$0.08$0.13$24.87$28.13
$28.00$26.00Jul 2$0.05$0.11$0.16$25.84$28.16
$27.50$25.50Jul 2$0.10$0.07$0.17$25.33$27.67
$27.50$25.00Jul 2$0.10$0.08$0.18$24.82$27.68
$27.50$26.00Jul 2$0.10$0.11$0.21$25.79$27.71
$30.00$23.00Jul 17$0.09$0.13$0.22$22.78$30.22
$27.00$25.50Jul 2$0.18$0.07$0.25$25.25$27.25
$27.00$25.00Jul 2$0.18$0.08$0.26$24.74$27.26
$30.00$24.00Jul 17$0.09$0.17$0.26$23.74$30.26

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 10 found (best R:R 1.94, avg credit $0.57)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
25/2627/28Jul 17$0.66$0.341.94$25.34$27.66
26/2728/29Jul 17$0.62$0.381.63$26.38$28.62
26/2728/30Jul 10$1.15$0.851.35$25.85$29.15
26/2729/30Jul 17$0.57$0.431.33$26.43$29.57
24/2527/28Jul 17$0.56$0.441.27$24.44$27.56
25/2628/29Jul 17$0.50$0.501.00$25.50$28.50
25/2629/30Jul 17$0.45$0.550.82$25.55$29.45
27/2829/30Jul 17$0.43$0.570.75$27.57$29.43
24/2528/29Jul 17$0.40$0.600.67$24.60$28.40
24/2529/30Jul 17$0.35$0.650.54$24.65$29.35

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 12 found (best R:R 9.00, cheapest $0.08)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$26.50$27.00$27.50Jul 2$0.11$0.393.55
$27.00$29.00$31.00Jul 31$0.70$1.301.86
$27.00$27.50$28.00Jul 17$0.23$0.271.17
$25.50$26.00$26.50Jul 2$0.36$0.140.39
$25.00$25.50$26.00Jul 2$0.48$0.020.04
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$24.00$25.00$26.00Jul 17$0.10$0.909.00
$25.00$26.00$27.00Jul 17$0.12$0.887.33
$26.00$26.50$27.00Jul 2$0.08$0.425.25
$23.00$24.00$25.00Jul 17$0.19$0.814.26
$25.50$26.00$26.50Jul 2$0.10$0.404.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 25 found (best net $-0.01, 14 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$22.00$24.501:2Jul 2-$0.01$2.49
$27.00$28.001:2Jul 24-$0.25$0.75
$27.00$27.501:2Jul 17-$0.15$0.35
$26.00$26.501:2Jul 2-$0.26$0.24
$27.50$28.001:2Jul 17-$0.28$0.22
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$24.00$22.001:2Jul 10-$1.06$0.94
$26.00$25.001:2Jul 17-$0.07$0.93
$24.00$23.001:2Jul 17-$0.09$0.91
$27.00$26.001:2Jul 17-$0.28$0.72
$25.50$25.001:2Jul 2-$0.09$0.41

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 8 found (best yield 1.76%, avg 0.77%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$28.00Jul 24$0.470.345.0%1.76%6.79%1--
$27.00Jul 17$0.310.501.3%1.16%2.44%31212.5K
$28.00Jul 17$0.300.315.0%1.13%6.15%79846.6K
$27.50Jul 10$0.150.343.1%0.56%3.71%925
$27.00Jul 10$0.120.391.3%0.45%1.73%151319
$27.00Jul 2$0.110.331.3%0.41%1.69%1.1K2.9K
$29.00Jul 17$0.110.188.8%0.41%9.19%1650.0K
$27.00Jul 24$0.070.461.3%0.26%1.54%43112

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 8,222
Total Puts 17,014
Put/Call Ratio 2.07
Net Difference -8,792

Prior's Put/Call Breakdown

Total Calls 14,467
Total Puts 30,970
Put/Call Ratio 2.14
Net Difference -16,503

Prior 7-Day Put/Call Summary

Total Calls 228,059
Total Puts 280,505
Average Put/Call Ratio 1.74
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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