Tour v308
WBD
WARNER BROS DISCOVER Series A
$26.63 +1.84%
$26.61 (-0.08%)🌙
as of 07/09 07:14 PM
(7/8 19:14) ◀
|
Thursday, July 9, 2026 (7:14pm)
January 2026
|
▶ (7/10 19:15)
◀ 7/9 19:14 ▶

Option Volume

Detail
ℹ
Current (07/09) 164,728
Calls: 76,646 (47%)
Puts: 88,082 (53%)
Prior (07/08) 34,002
Calls: 11,123 (33%)
Puts: 22,879 (67%)
Current vs Prior +384.47%
Calls: +589.08% (Calls)
Puts: +284.99% (Puts)
Prior 7-Day Total 539,625
Calls: 157,401 (29%)
Puts: 382,224 (71%)
Prior 7-Day Average 77,089
Calls: 22,485 (29%)
Puts: 54,603 (71%)
Current vs Prior 7-Day Avg +113.68%
Calls: +240.86%
Puts: +61.31%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/09) $12.27M
Calls: $4.24M (35%)
Puts: $8.03M (65%)
Prior (07/08) $2.51M
Calls: $259.2K (10%)
Puts: $2.25M (90%)
Current vs Prior +389.39%
Calls: +1536.24%
Puts: +257.18%
Prior 7-Day Total $51.62M
Calls: $13.56M (26%)
Puts: $38.05M (74%)
Prior 7-Day Average $7.37M
Calls: $1.94M (26%)
Puts: $5.44M (74%)
Current vs Prior 7-Day Avg +66.44%
Calls: +118.92%
Puts: +47.74%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/09) 1.15
Prior (07/08) 2.06
Current vs Prior -44.13%
Prior 7-Day Average 2.02
Current vs Prior 7-Day Avg -43.18%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/09) 1,642,209
Calls: 545,593 (33%)
Puts: 1,096,616 (67%)
Prior (07/08) 1,188,063
Calls: 468,747 (39%)
Puts: 719,316 (61%)
Current vs Prior +38.23%
Prior 7-Day Total 9,634,057
Calls: 3,491,381 (36%)
Puts: 6,142,676 (64%)
Prior 7-Day Average 1,376,293
Calls: 498,768 (36%)
Puts: 877,525 (64%)
Current vs Prior 7-Day Avg +19.32%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (07/10) | Next (07/17)Expiry (07/17) | Next (08/21)
Current 5.86% | 8.56%8.56% | 15.02%
Prior 4.78% | 7.80%7.80% | 13.65%
Current vs Prior +22.55% | +9.75%+9.75% | +10.03%
Prior 7-Day Avg 5.05% | 8.90%7.76% | 15.24%
Current vs 7-Day Avg +16.10% | -3.83%+10.39% | -1.47%
Prior 7-Day Eod 4.78% | 7.80%-- | --
Current vs 7-Day Eod +22.55% | +9.75%-- | --
Sentiment BEARISHBEARISH

Relative Spread

Detail
ℹ
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 34.07% | 95.34%
Calls: 24.39% | 42.00%
Puts: 43.75% | 148.68%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
+
Add Card

🤖 AI Insights

Moderately bearish flow with 65% put dollar volume ($8.03M). Massive premium surge with dollar volume up 389% vs prior. Dollar volume significantly above 7-day average (66% higher). Unusually high activity with volume up 384% vs prior - elevated interest.

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 BEARISH
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 2 of results (avg 8.0%, best 7.7%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Aug 210.500.54$0.527.7%10.5K0.2697.5K
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$24.00Aug 210.460.50$0.488.3%5.0K0.22--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 6 found (avg $0.57, cheapest $0.24)

CALLS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$30.00Aug 210.220.25$0.2412.5%780.1541.9K
$27.00Jul 170.490.55$0.5211.5%7.0K0.6014.5K
$29.00Aug 210.500.54$0.527.7%10.5K0.2697.5K
$28.00Aug 210.850.95$0.9011.1%770.3759.4K
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$24.00Aug 210.460.50$0.488.3%5.0K0.22--
$25.00Aug 210.700.85$0.7719.5%1.1K0.3120.7K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 34 found (avg delta 0.81, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$22.00Jul 102.506.40$4.4587.6%171.003
$24.00Jul 100.514.40$2.46158.1%621.002
$25.00Jul 100.003.45$1.73199.4%61.003
$25.50Jul 100.002.95$1.48199.3%261.0025
$26.00Jul 100.010.80$0.41192.7%911.00110
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$26.00Jul 100.020.15$0.09144.4%2611.003.6K
$27.50Jul 170.023.35$1.69197.0%351.00--
$28.00Jul 170.011.91$0.96197.9%201.0010.1K
$28.00Aug 140.084.00$2.04192.2%11.00--
$27.50Jul 100.053.05$1.55193.5%70.8952

Most actively traded options today. High liquidity = easy entry/exit. 79 active (total vol 79.0K, top 24.3K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Jul 170.110.16$0.1435.7%24.3K0.1748.6K
$29.00Aug 210.500.54$0.527.7%10.5K0.2697.5K
$27.00Jul 170.490.55$0.5211.5%7.0K0.6014.5K
$30.00Jul 310.060.20$0.13107.7%3.8K0.13--
$28.00Jul 170.260.33$0.3023.3%2.7K0.3652.9K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$25.00Jul 170.080.14$0.1154.5%9.9K0.1174.5K
$24.00Aug 210.460.50$0.488.3%5.0K0.22--
$26.00Jul 170.240.54$0.3976.9%3.2K0.2927.4K
$25.00Aug 210.700.85$0.7719.5%1.1K0.3120.7K
$24.00Jul 240.000.25$0.13192.3%1.0K0.1344

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 16 strikes (avg 169.3%, max 652.3%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$29.50Jul 10Jul 17449.1%59.7%652.3%582
$23.00Jul 10Jul 17447.1%72.4%517.2%391
$22.00Jul 10Aug 21189.4%43.7%333.4%423
$27.50Jul 10Jul 1788.9%30.4%192.6%124422
$29.00Jul 10Aug 21100.5%38.3%162.3%10.7K97.6K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$27.50Jul 10Jul 1788.9%30.4%192.6%4252
$24.00Jul 17Aug 2182.5%39.8%107.1%6.0K25.9K
$27.00Jul 10Aug 2169.9%39.5%77.1%182--
$23.00Jul 17Aug 2172.4%43.1%68.0%11274.2K
$25.00Jul 10Aug 2145.8%39.3%16.4%1.1K22.5K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 28 found (best R:R 10.76, avg 2.65)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$28.00$29.00Jul 17$0.16$0.84$0.165.25$28.16
$29.00$30.00Jul 24$0.22$0.78$0.223.55$29.22
$30.00$31.00Aug 21$0.22$0.78$0.223.55$30.22
$26.00$26.50Jul 10$0.14$0.36$0.142.57$26.14
$29.00$30.00Aug 21$0.28$0.72$0.282.57$29.28
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$26.00$24.00Jul 31$0.17$1.83$0.1710.76$25.83
$24.00$23.00Aug 21$0.14$0.86$0.146.14$23.86
$23.00$22.00Aug 21$0.15$0.85$0.155.67$22.85
$24.00$23.00Jul 17$0.16$0.84$0.165.25$23.84
$25.00$24.00Jul 24$0.18$0.82$0.184.56$24.82

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 30 found (best R:R 8.52, avg 1.04)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$22.00$24.00Aug 21$1.79$1.79$0.218.52$23.79
$27.00$28.00Aug 7$0.66$0.66$0.341.94$27.66
$24.50$25.00Jul 10$0.32$0.32$0.181.78$24.82
$25.00$25.50Jul 10$0.25$0.25$0.251.00$25.25
$29.50$30.00Jul 17$0.24$0.24$0.260.92$29.74
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$29.50$27.50Jul 10$1.57$1.57$0.433.65$27.93
$27.00$25.00Jul 24$1.30$1.30$0.701.86$25.70
$27.00$26.00Jul 17$0.56$0.56$0.441.27$26.44
$27.50$27.00Jul 10$0.26$0.26$0.241.08$27.24
$28.50$27.00Jul 24$0.70$0.70$0.800.87$27.80

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 17 found (avg debit $0.39, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$24.00Jul 10Jul 17$0.0766.8%82.5%
$30.00Jul 17Jul 24$0.1140.3%59.2%
$29.00Jul 10Jul 17$0.13100.5%37.9%
$28.00Jul 10Jul 17$0.2890.6%32.3%
$23.00Jul 10Jul 17$0.38447.1%72.4%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$25.50Jul 10Jul 17$0.0642.9%49.4%
$25.00Jul 10Jul 17$0.0845.8%51.4%
$27.50Jul 10Jul 17$0.1488.9%30.4%
$23.00Jul 17Aug 21$0.2872.4%43.1%
$26.00Jul 10Jul 17$0.30-999.0%57.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 20 found (cheapest 1.88% of stock, avg 9.41%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$26.00Jul 10$0.41$0.09$0.50$25.50$26.501.88%
$28.00Jul 17$0.30$0.96$1.26$26.74$29.264.73%
$27.00Jul 10$0.07$1.29$1.36$25.64$28.365.11%
$26.00Jul 17$1.03$0.39$1.42$24.58$27.425.33%
$27.00Jul 17$0.52$0.95$1.47$25.53$28.475.52%
$25.50Jul 10$1.48$0.11$1.59$23.91$27.095.97%
$27.50Jul 10$0.05$1.55$1.60$25.90$29.106.01%
$25.00Jul 10$1.73$0.03$1.76$23.24$26.766.61%
$27.00Jul 24$0.41$1.61$2.02$24.98$29.027.59%
$27.50Jul 17$0.47$1.69$2.16$25.34$29.668.11%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 62 found (cheapest 0.30% of stock, avg 3.37%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$27.50$25.00Jul 10$0.05$0.03$0.08$24.92$27.58
$27.00$25.00Jul 10$0.07$0.03$0.10$24.90$27.10
$27.50$25.50Jul 10$0.05$0.11$0.16$25.34$27.66
$30.00$25.00Jul 17$0.05$0.11$0.16$24.84$30.16
$27.00$25.50Jul 10$0.07$0.11$0.18$25.32$27.18
$30.00$25.50Jul 17$0.05$0.17$0.22$25.28$30.22
$29.00$25.00Jul 17$0.14$0.11$0.25$24.75$29.25
$30.00$24.00Jul 17$0.05$0.22$0.27$23.73$30.27
$30.00$24.00Jul 24$0.16$0.13$0.29$23.71$30.29
$26.50$25.00Jul 10$0.27$0.03$0.30$24.70$26.80

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 33 found (best R:R 9.00, avg credit $0.63)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
27/2828/29Jul 17$0.90$0.109.00$26.60$28.90
26/2728/29Aug 21$0.83$0.174.88$26.17$28.83
26/2730/30Jul 17$0.80$0.204.00$26.20$30.30
26/2628/28Jul 17$0.39$0.113.55$25.61$27.89
25/2628/29Aug 21$0.78$0.223.55$25.22$28.78
25/2729/30Jul 24$1.52$0.483.17$25.48$30.52
26/2728/28Jul 17$0.73$0.272.70$26.27$28.23
26/2729/30Aug 21$0.73$0.272.70$26.27$29.73
26/2728/29Jul 17$0.72$0.282.57$26.28$28.72
25/2627/28Aug 21$0.69$0.312.23$25.31$27.69

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 13 found (best R:R 19.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$29.00$30.00$31.00Aug 21$0.06$0.9415.67
$28.00$29.00$30.00Aug 21$0.10$0.909.00
$24.50$25.00$25.50Jul 10$0.07$0.436.14
$23.50$24.00$24.50Jul 10$0.08$0.425.25
$24.00$24.50$25.00Jul 10$0.09$0.414.56
PUTS (4)
LowMidHighExpiryDebitMax GainR:R
$25.00$26.00$27.00Aug 21$0.05$0.9519.00
$24.00$25.00$26.00Aug 21$0.11$0.898.09
$23.00$24.00$25.00Aug 21$0.15$0.855.67
$25.00$25.50$26.00Jul 17$0.16$0.342.13

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 36 found (best net $--, 22 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$26.00$27.001:2Aug 21$0.00$1.00
$28.00$29.001:2Aug 21-$0.14$0.86
$22.00$24.001:2Aug 21-$1.31$0.69
$28.00$29.001:2Jul 24-$0.35$0.65
$27.00$28.001:2Jul 24-$0.41$0.59
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$26.00$24.001:2Jul 31-$1.04$0.96
$28.00$27.001:2Aug 21-$0.10$0.90
$25.00$24.001:2Aug 21-$0.19$0.81
$24.00$23.001:2Aug 21-$0.20$0.80
$25.00$24.001:2Jul 17-$0.33$0.67

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 12 found (best yield 3.87%, avg 1.25%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$27.00Aug 21$1.030.471.4%3.87%5.26%63.3K
$28.00Aug 21$0.850.375.1%3.19%8.34%7759.4K
$29.00Aug 21$0.500.268.9%1.88%10.78%10.5K97.5K
$28.00Jul 24$0.340.265.1%1.28%6.42%95519.2K
$27.50Jul 17$0.320.513.3%1.20%4.47%3--
$28.00Jul 17$0.260.365.1%0.98%6.12%2.7K52.9K
$30.00Aug 21$0.220.1512.7%0.83%13.48%7841.9K
$29.00Jul 17$0.110.178.9%0.41%9.31%24.3K48.6K
$27.00Aug 7$0.110.451.4%0.41%1.80%4026
$29.00Jul 24$0.100.218.9%0.38%9.28%83.0K

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 76,646
Total Puts 88,082
Put/Call Ratio 1.15
Net Difference -11,436

Prior's Put/Call Breakdown

Total Calls 11,123
Total Puts 22,879
Put/Call Ratio 2.06
Net Difference -11,756

Prior 7-Day Put/Call Summary

Total Calls 157,401
Total Puts 382,224
Average Put/Call Ratio 2.02
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