Tour v334
WBD
WARNER BROS DISCOVER Series A
$27.48 +1.44%
$27.36 (-0.44%)🌙
as of 07/14 07:37 PM
(7/13 19:12) ◀
|
Tuesday, July 14, 2026 (7:37pm)
January 2026
|
▶ (7/15 19:19)
◀ 7/14 19:37 ▶

Option Volume

Detail
ℹ
Current (07/14) 150,584
Calls: 47,259 (31%)
Puts: 103,325 (69%)
Prior (07/13) 264,420
Calls: 169,609 (64%)
Puts: 94,811 (36%)
Current vs Prior -43.05%
Calls: -72.14% (Calls)
Puts: +8.98% (Puts)
Prior 7-Day Total 951,470
Calls: 395,753 (42%)
Puts: 555,717 (58%)
Prior 7-Day Average 135,924
Calls: 56,536 (42%)
Puts: 79,388 (58%)
Current vs Prior 7-Day Avg +10.79%
Calls: -16.41%
Puts: +30.15%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/14) $11.43M
Calls: $3.55M (31%)
Puts: $7.88M (69%)
Prior (07/13) $13.78M
Calls: $8.82M (64%)
Puts: $4.97M (36%)
Current vs Prior -17.04%
Calls: -59.70%
Puts: +58.67%
Prior 7-Day Total $75.92M
Calls: $26.08M (34%)
Puts: $49.85M (66%)
Prior 7-Day Average $10.85M
Calls: $3.73M (34%)
Puts: $7.12M (66%)
Current vs Prior 7-Day Avg +5.42%
Calls: -4.63%
Puts: +10.68%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/14) 2.19
Prior (07/13) 0.56
Current vs Prior +291.12%
Prior 7-Day Average 1.83
Current vs Prior 7-Day Avg +19.71%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/14) 1,684,962
Calls: 629,440 (37%)
Puts: 1,055,522 (63%)
Prior (07/13) 1,975,531
Calls: 643,017 (33%)
Puts: 1,332,514 (67%)
Current vs Prior -14.71%
Prior 7-Day Total 10,766,977
Calls: 3,707,733 (34%)
Puts: 7,059,244 (66%)
Prior 7-Day Average 1,538,139
Calls: 529,676 (34%)
Puts: 1,008,463 (66%)
Current vs Prior 7-Day Avg +9.55%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (07/17) | Next (07/24)Expiry (07/17) | Next (08/21)
Current 4.00% | 7.75%4.00% | 9.75%
Prior 4.50% | 8.05%4.50% | 11.85%
Current vs Prior -11.12% | -3.68%-11.12% | -17.70%
Prior 7-Day Avg 5.84% | 9.06%7.25% | 14.32%
Current vs 7-Day Avg -31.51% | -14.46%-44.76% | -31.89%
Prior 7-Day Eod 4.50% | 8.05%4.50% | 11.85%
Current vs 7-Day Eod -11.12% | -3.68%-11.12% | -17.70%
Sentiment BULLISHBULLISH

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
+
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🤖 AI Insights

Moderately bearish flow with 69% put dollar volume ($7.88M). Below-average activity with volume down 43% vs prior. Extreme bearish P/C ratio of 2.19 - heavy put buying. P/C ratio rising 291% - increased hedging/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 BEARISH
Current BEARISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
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 1 of results (avg 5.9%, best 5.9%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Aug 210.660.70$0.685.9%29.6K0.34112.6K
PUTS (0)
No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 3 found (avg $0.36, cheapest $0.13)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$28.00Jul 170.120.14$0.1315.4%2.2K0.2850.3K
$30.00Aug 210.250.29$0.2714.8%4830.1942.5K
$29.00Aug 210.660.70$0.685.9%29.6K0.34112.6K
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 19 found (avg delta 0.75, highest 0.99)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$22.00Jul 174.457.60$6.0352.2%70.9985
$24.00Jul 172.655.60$4.1371.4%20.99--
$26.00Jul 171.352.25$1.8050.0%1.1K0.942.5K
$26.50Jul 170.102.48$1.29184.5%620.86167
$25.00Aug 210.924.95$2.94137.1%250.8229
PUTS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Jul 170.103.45$1.78188.2%130.94429
$28.00Jul 170.361.16$0.76105.3%120.7410.2K
$29.00Aug 210.404.05$2.23163.7%30.6696
$28.00Aug 210.761.70$1.2376.4%100.54--

Most actively traded options today. High liquidity = easy entry/exit. 67 active (total vol 98.4K, top 33.9K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Aug 210.660.70$0.685.9%29.6K0.34112.6K
$28.00Aug 210.931.14$1.0320.4%2.7K0.4660.8K
$28.00Jul 170.120.14$0.1315.4%2.2K0.2850.3K
$31.00Aug 210.000.03$0.02150.0%2.1K0.028.4K
$27.00Jul 170.540.74$0.6431.2%2.0K0.7616.1K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$25.00Aug 210.250.35$0.3033.3%33.9K0.1833.5K
$27.00Jul 240.260.43$0.3548.6%9.9K0.37257
$23.00Aug 210.120.17$0.1533.3%4.8K0.0812.0K
$25.00Jul 170.010.02$0.0250.0%1.5K0.0381.8K
$26.00Jul 170.020.04$0.0366.7%1.2K0.0721.2K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 11 strikes (avg 56.6%, max 208.3%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$31.00Jul 17Aug 2857.2%18.6%208.3%1934.6K
$30.00Jul 17Aug 2848.0%28.8%66.8%11020.9K
$26.50Jul 17Jul 2440.4%29.1%38.8%73177
$29.00Jul 17Aug 2840.9%29.8%37.3%26759.6K
$26.00Jul 17Aug 2142.4%34.6%22.4%2.2K4.7K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$24.00Jul 17Aug 2165.5%32.3%103.0%21436.0K
$25.00Jul 17Aug 2157.0%33.8%68.8%35.4K115.3K
$26.50Jul 17Jul 2440.4%29.1%38.8%8761.9K
$26.00Jul 17Aug 2142.4%34.6%22.4%1.2K25.9K
$29.00Jul 17Aug 2140.9%35.7%14.5%16525

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 21 found (best R:R 8.09, avg 2.79)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$26.00$27.00Jul 31$0.11$0.89$0.118.09$26.11
$29.00$30.00Jul 24$0.13$0.87$0.136.69$29.13
$28.00$31.00Jul 31$0.49$2.51$0.495.12$28.49
$28.00$32.00Aug 14$0.89$3.11$0.893.49$28.89
$29.00$30.00Aug 28$0.23$0.77$0.233.35$29.23
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$25.00$24.00Aug 21$0.18$0.82$0.184.56$24.82
$27.00$26.00Aug 21$0.27$0.73$0.272.70$26.73
$26.00$25.00Aug 21$0.29$0.71$0.292.45$25.71
$27.00$26.50Jul 24$0.16$0.34$0.162.13$26.84
$28.00$27.00Aug 21$0.37$0.63$0.371.70$27.63

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 23 found (best R:R 5.67, avg 0.89)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$26.00$27.00Aug 21$0.85$0.85$0.155.67$26.85
$27.00$27.50Jul 17$0.33$0.33$0.171.94$27.33
$25.00$26.00Aug 21$0.64$0.64$0.361.78$25.64
$27.00$28.00Jul 24$0.43$0.43$0.570.75$27.43
$27.00$28.00Aug 21$0.42$0.42$0.580.72$27.42
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$27.50$27.00Jul 17$0.34$0.34$0.162.13$27.16
$28.00$27.50Jul 17$0.30$0.30$0.201.50$27.70
$28.00$27.00Aug 21$0.37$0.37$0.630.59$27.63
$27.00$26.50Jul 24$0.16$0.16$0.340.47$26.84
$26.00$25.00Aug 21$0.29$0.29$0.710.41$25.71

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 11 found (avg debit $0.31, cheapest $0.11)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$26.00Jul 17Jul 31$0.1442.4%34.2%
$27.00Jul 17Jul 24$0.1431.6%29.2%
$29.00Jul 17Jul 24$0.1540.9%38.7%
$28.50Jul 17Jul 24$0.1631.5%32.0%
$28.00Jul 17Jul 24$0.2231.8%33.0%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$26.50Jul 17Jul 24$0.1140.4%29.1%
$27.00Jul 17Jul 24$0.2331.6%29.2%
$29.00Jul 17Aug 21$0.4540.9%35.7%
$28.00Jul 17Aug 21$0.4731.8%35.7%
$26.00Jul 17Jul 24$0.5142.4%62.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 15 found (cheapest 2.77% of stock, avg 7.42%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$27.00Jul 17$0.64$0.12$0.76$26.24$27.762.77%
$27.50Jul 17$0.31$0.46$0.77$26.73$28.272.80%
$28.00Jul 17$0.13$0.76$0.89$27.11$28.893.24%
$26.50Jul 24$0.83$0.19$1.02$25.48$27.523.71%
$27.00Jul 24$0.78$0.35$1.13$25.87$28.134.11%
$26.50Jul 17$1.29$0.08$1.37$25.13$27.874.99%
$29.00Jul 17$0.04$1.78$1.82$27.18$30.826.62%
$26.00Jul 17$1.80$0.03$1.83$24.17$27.836.66%
$28.00Aug 21$1.03$1.23$2.26$25.74$30.268.22%
$27.00Aug 21$1.45$0.86$2.31$24.69$29.318.41%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 64 found (cheapest 0.25% of stock, avg 3.19%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$28.50$26.00Jul 17$0.04$0.03$0.07$25.93$28.57
$29.00$26.00Jul 17$0.04$0.03$0.07$25.93$29.07
$30.00$25.00Jul 24$0.06$0.05$0.11$24.89$30.11
$28.50$26.50Jul 17$0.04$0.08$0.12$26.38$28.62
$29.00$26.50Jul 17$0.04$0.08$0.12$26.38$29.12
$28.00$26.00Jul 17$0.13$0.03$0.16$25.84$28.16
$28.50$27.00Jul 17$0.04$0.12$0.16$26.84$28.66
$29.00$27.00Jul 17$0.04$0.12$0.16$26.84$29.16
$28.00$26.50Jul 17$0.13$0.08$0.21$26.29$28.21
$29.00$25.00Jul 24$0.19$0.05$0.24$24.76$29.24

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 15 found (best R:R 3.55, avg credit $0.57)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
27/2829/30Aug 21$0.78$0.223.55$27.22$29.78
25/2627/28Aug 21$0.71$0.292.45$25.29$27.71
25/2629/30Aug 21$0.70$0.302.33$25.30$29.70
26/2729/30Aug 21$0.68$0.322.13$26.32$29.68
25/2628/29Aug 21$0.64$0.361.78$25.36$28.64
26/2728/28Jul 24$0.31$0.191.63$26.69$28.31
26/2728/29Aug 21$0.62$0.381.63$26.38$28.62
27/2830/31Aug 21$0.62$0.381.63$27.38$30.62
24/2527/28Aug 21$0.60$0.401.50$24.40$27.60
24/2529/30Aug 21$0.59$0.411.44$24.41$29.59

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 13 found (best R:R 13.29, cheapest $0.07)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$27.00$28.00$29.00Aug 21$0.07$0.9313.29
$29.00$30.00$31.00Aug 21$0.16$0.845.25
$27.50$28.00$28.50Jul 17$0.09$0.414.56
$28.00$28.50$29.00Jul 17$0.09$0.414.56
$28.00$28.50$29.00Jul 24$0.14$0.362.57
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$26.00$27.00$28.00Aug 21$0.10$0.909.00
$24.00$25.00$26.00Aug 21$0.11$0.898.09
$23.00$24.00$25.00Aug 21$0.21$0.793.76
$26.50$27.00$27.50Jul 17$0.30$0.200.67
$27.00$28.00$29.00Aug 21$0.63$0.370.59

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 23 found (best net $-0.18, 10 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$28.00$29.001:2Aug 21-$0.33$0.67
$28.00$28.501:2Jul 24-$0.05$0.45
$26.00$27.001:2Aug 21-$0.60$0.40
$27.00$28.001:2Aug 21-$0.61$0.39
$28.50$29.001:2Jul 24-$0.18$0.32
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$24.00$23.001:2Aug 21-$0.18$0.82
$29.00$28.001:2Aug 21-$0.23$0.77
$27.00$26.001:2Aug 21-$0.32$0.68
$28.00$27.001:2Aug 21-$0.49$0.51
$28.00$27.501:2Jul 17-$0.16$0.34

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 11 found (best yield 3.38%, avg 1.57%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$28.00Aug 21$0.930.461.9%3.38%5.28%2.7K60.8K
$28.00Aug 28$0.930.491.9%3.38%5.28%81--
$28.00Aug 14$0.800.411.9%2.91%4.80%138104
$29.00Aug 21$0.660.345.5%2.40%7.93%29.6K112.6K
$28.00Jul 31$0.350.401.9%1.27%3.17%611.8K
$28.00Jul 24$0.250.361.9%0.91%2.80%6693.1K
$30.00Aug 21$0.250.199.2%0.91%10.08%48342.5K
$27.50Jul 17$0.230.520.1%0.84%0.91%9712.0K
$29.00Aug 28$0.140.285.5%0.51%6.04%121--
$28.00Jul 17$0.120.281.9%0.44%2.33%2.2K50.3K

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 47,259
Total Puts 103,325
Put/Call Ratio 2.19
Net Difference -56,066

Prior's Put/Call Breakdown

Total Calls 169,609
Total Puts 94,811
Put/Call Ratio 0.56
Net Difference 74,798

Prior 7-Day Put/Call Summary

Total Calls 395,753
Total Puts 555,717
Average Put/Call Ratio 1.83
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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