Tour v340
WBD
WARNER BROS DISCOVER Series A
$27.27 -0.76%
$27.34 (+0.26%)🌙
as of 07/15 07:19 PM
(7/14 19:37) ◀
|
Wednesday, July 15, 2026 (7:19pm)
January 2026
|
▶ (7/16 19:12)
◀ 7/15 19:19 ▶

Option Volume

Detail
ℹ
Current (07/15) 46,070
Calls: 36,445 (79%)
Puts: 9,625 (21%)
Prior (07/14) 150,584
Calls: 47,259 (31%)
Puts: 103,325 (69%)
Current vs Prior -69.41%
Calls: -22.88% (Calls)
Puts: -90.68% (Puts)
Prior 7-Day Total 1,005,837
Calls: 413,889 (41%)
Puts: 591,948 (59%)
Prior 7-Day Average 143,691
Calls: 59,127 (41%)
Puts: 84,564 (59%)
Current vs Prior 7-Day Avg -67.94%
Calls: -38.36%
Puts: -88.62%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/15) $3.26M
Calls: $2.85M (87%)
Puts: $410.8K (13%)
Prior (07/14) $11.43M
Calls: $3.55M (31%)
Puts: $7.88M (69%)
Current vs Prior -71.50%
Calls: -19.84%
Puts: -94.79%
Prior 7-Day Total $82.45M
Calls: $26.36M (32%)
Puts: $56.09M (68%)
Prior 7-Day Average $11.78M
Calls: $3.77M (32%)
Puts: $8.01M (68%)
Current vs Prior 7-Day Avg -72.33%
Calls: -24.38%
Puts: -94.87%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/15) 0.26
Prior (07/14) 2.19
Current vs Prior -87.92%
Prior 7-Day Average 1.81
Current vs Prior 7-Day Avg -85.41%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/15) 1,823,726
Calls: 621,795 (34%)
Puts: 1,201,931 (66%)
Prior (07/14) 1,684,962
Calls: 629,440 (37%)
Puts: 1,055,522 (63%)
Current vs Prior +8.24%
Prior 7-Day Total 10,998,235
Calls: 3,771,197 (34%)
Puts: 7,227,038 (66%)
Prior 7-Day Average 1,571,176
Calls: 538,742 (34%)
Puts: 1,032,434 (66%)
Current vs Prior 7-Day Avg +16.07%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (07/17) | Next (07/24)Expiry (07/17) | Next (08/21)
Current 4.22% | 7.63%4.22% | 9.86%
Prior 4.00% | 7.75%4.00% | 9.75%
Current vs Prior +5.35% | -1.60%+5.35% | +1.15%
Prior 7-Day Avg 5.82% | 8.57%6.78% | 13.67%
Current vs 7-Day Avg -27.58% | -10.96%-37.83% | -27.83%
Prior 7-Day Eod 4.00% | 7.75%4.00% | 9.75%
Current vs 7-Day Eod +5.35% | -1.60%+5.35% | +1.15%
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
+
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🤖 AI Insights

Strong bullish conviction with 87% of dollar volume in calls ($2.85M) vs puts ($410.8K). Light premium activity with dollar volume down 72% vs prior. Below-average activity with volume down 69% vs prior. Extreme bullish P/C ratio of 0.26 - heavy call buying (36,445 calls vs 9,625 puts).

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BEARISH
7-Day Avg BEARISH
Current BULLISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BULLISH
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 1 of results (avg 7.0%, best 7.0%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Aug 210.550.59$0.577.0%13.2K0.31128.4K
PUTS (0)
No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 4 found (avg $0.53, cheapest $0.27)

CALLS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$30.00Aug 210.250.29$0.2714.8%5410.1942.5K
$28.00Jul 240.280.34$0.3119.4%2580.272.9K
$29.00Aug 210.550.59$0.577.0%13.2K0.31128.4K
$28.00Aug 210.891.00$0.9511.6%1.8K0.4361.1K
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 20 found (avg delta 0.78, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$22.00Jul 173.607.20$5.4066.7%91.00--
$23.00Jul 172.406.20$4.3088.4%521.0060
$24.00Jul 171.555.20$3.38108.0%71.0085
$25.00Jul 170.944.25$2.60127.3%21.00--
$26.00Jul 170.672.00$1.3499.3%51.002.8K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$30.50Jul 171.515.30$3.41111.1%20.97--
$28.00Jul 170.751.02$0.8930.3%8220.8010.1K
$29.50Jul 170.554.35$2.45155.1%20.77--
$27.50Jul 170.041.33$0.69187.0%110.69109
$27.00Jul 240.010.57$0.29193.1%100.577.5K

Most actively traded options today. High liquidity = easy entry/exit. 63 active (total vol 27.4K, top 13.2K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Aug 210.550.59$0.577.0%13.2K0.31128.4K
$28.00Jul 310.300.70$0.5080.0%3.0K0.551.4K
$28.00Aug 210.891.00$0.9511.6%1.8K0.4361.1K
$28.00Jul 170.100.13$0.1225.0%1.7K0.2049.5K
$30.00Jul 240.010.08$0.05140.0%5850.052.0K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$26.50Jul 310.010.57$0.29193.1%1.5K0.25--
$28.00Jul 170.751.02$0.8930.3%8220.8010.1K
$26.00Jul 170.020.05$0.0475.0%5620.0920.3K
$27.00Jul 310.011.51$0.76197.4%5000.38132
$26.50Jul 170.040.08$0.0666.7%4320.191.7K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 14 strikes (avg 62.4%, max 123.0%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$30.00Jul 17Aug 2163.6%31.7%100.6%54563.4K
$24.00Jul 17Aug 2171.0%42.5%66.9%8110
$29.00Jul 17Aug 2157.2%34.8%64.6%13.3K188.0K
$27.00Jul 17Aug 2155.1%35.1%57.2%15118.2K
$28.00Jul 17Aug 2156.0%36.1%54.9%3.5K110.6K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$23.00Jul 17Aug 2193.2%41.8%123.0%5076.0K
$24.00Jul 17Aug 2171.0%42.5%66.9%4825.0K
$25.00Jul 17Aug 2154.5%33.5%62.7%210134.6K
$27.00Jul 17Aug 2155.1%35.1%57.2%49928.0K
$28.00Jul 17Aug 2156.0%36.1%54.9%85113.3K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 14 found (best R:R 7.70, avg 2.91)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$30.00$32.00Aug 14$0.23$1.77$0.237.70$30.23
$28.00$30.00Jul 31$0.42$1.58$0.423.76$28.42
$28.00$30.00Aug 14$0.54$1.46$0.542.70$28.54
$29.00$30.00Aug 21$0.30$0.70$0.302.33$29.30
$28.00$29.00Aug 21$0.38$0.62$0.381.63$28.38
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$24.00$23.00Aug 21$0.16$0.84$0.165.25$23.84
$28.00$27.00Aug 21$0.16$0.84$0.165.25$27.84
$27.00$26.50Jul 17$0.10$0.40$0.104.00$26.90
$27.00$25.00Aug 7$0.57$1.43$0.572.51$26.43
$28.00$27.50Jul 17$0.20$0.30$0.201.50$27.80

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 20 found (best R:R 7.33, avg 1.40)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$26.00$27.00Jul 17$0.88$0.88$0.127.33$26.88
$27.00$27.50Jul 24$0.39$0.39$0.113.55$27.39
$24.50$25.00Jul 17$0.37$0.37$0.132.85$24.87
$29.50$30.00Jul 17$0.35$0.35$0.152.33$29.85
$23.00$23.50Jul 17$0.34$0.34$0.162.12$23.34
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$27.00$26.00Aug 21$0.69$0.69$0.312.23$26.31
$26.50$26.00Jul 24$0.26$0.26$0.241.08$26.24
$28.00$27.50Jul 17$0.20$0.20$0.300.67$27.80
$27.00$25.00Aug 7$0.57$0.57$1.430.40$26.43
$27.00$26.50Jul 17$0.10$0.10$0.400.25$26.90

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 10 found (avg debit $0.28, cheapest $0.07)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$29.00Jul 17Jul 24$0.0857.2%45.6%
$27.50Jul 17Jul 24$0.1247.4%39.2%
$28.00Jul 17Jul 24$0.1956.0%49.8%
$27.00Jul 17Jul 24$0.2455.1%51.9%
$26.00Jul 17Aug 21$1.1939.9%26.1%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$26.00Jul 17Jul 24$0.0739.9%16.2%
$27.00Jul 17Jul 24$0.1355.1%51.9%
$23.00Jul 17Aug 21$0.1593.2%41.8%
$26.50Jul 17Jul 24$0.3129.3%89.3%
$28.00Jul 17Aug 21$0.3456.0%36.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 15 found (cheapest 2.27% of stock, avg 8.40%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$27.00Jul 17$0.46$0.16$0.62$26.38$27.622.27%
$27.50Jul 17$0.19$0.69$0.88$26.62$28.383.23%
$27.00Jul 24$0.70$0.29$0.99$26.01$27.993.63%
$28.00Jul 17$0.12$0.89$1.01$26.99$29.013.70%
$26.00Jul 17$1.34$0.04$1.38$24.62$27.385.06%
$28.00Aug 21$0.95$1.23$2.18$25.82$30.187.99%
$25.50Jul 17$1.90$0.50$2.40$23.10$27.908.80%
$27.00Aug 21$1.46$1.07$2.53$24.47$29.539.28%
$25.00Jul 17$2.60$0.01$2.61$22.39$27.619.57%
$27.00Jul 31$1.88$0.76$2.64$24.36$29.649.68%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 47 found (cheapest 0.51% of stock, avg 2.75%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$29.00$25.00Jul 24$0.10$0.04$0.14$24.86$29.14
$28.00$26.00Jul 17$0.12$0.04$0.16$25.84$28.16
$28.00$26.50Jul 17$0.12$0.06$0.18$26.32$28.18
$29.00$26.00Jul 24$0.10$0.11$0.21$25.79$29.21
$27.50$26.00Jul 17$0.19$0.04$0.23$25.77$27.73
$27.50$26.50Jul 17$0.19$0.06$0.25$26.25$27.75
$28.00$27.00Jul 17$0.12$0.16$0.28$26.72$28.28
$27.50$27.00Jul 17$0.19$0.16$0.35$26.65$27.85
$27.50$25.00Jul 24$0.31$0.04$0.35$24.65$27.85
$28.00$25.00Jul 24$0.31$0.04$0.35$24.65$28.35

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 5 found (best R:R 2.03, avg credit $0.60)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
23/2427/28Aug 21$0.67$0.332.03$23.33$27.67
23/2428/29Aug 21$0.54$0.461.17$23.46$28.54
23/2429/30Aug 21$0.46$0.540.85$23.54$29.46
27/2829/30Aug 21$0.46$0.540.85$27.54$29.46
26/2728/30Jul 31$0.89$1.110.80$26.11$28.89

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 14 found (best R:R 15.67, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$28.00$29.00$30.00Aug 21$0.08$0.9211.50
$27.00$28.00$29.00Aug 21$0.13$0.876.69
$28.00$30.00$32.00Aug 14$0.31$1.695.45
$25.00$25.50$26.00Jul 17$0.14$0.362.57
$23.50$24.00$24.50Jul 17$0.17$0.331.94
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$24.00$25.00$26.00Jul 24$0.06$0.9415.67
$24.00$25.00$26.00Aug 21$0.06$0.9415.67
$26.00$26.50$27.00Jul 17$0.08$0.425.25
$25.00$26.00$27.00Aug 21$0.63$0.370.59
$26.50$27.00$27.50Jul 17$0.43$0.070.16

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 29 found (best net $-0.93, 13 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$29.00$30.001:2Jul 24$0.00$1.00
$28.00$29.001:2Aug 21-$0.19$0.81
$26.00$27.001:2Aug 21-$0.39$0.61
$27.00$28.001:2Aug 21-$0.44$0.56
$24.00$26.001:2Aug 21-$1.69$0.31
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$26.50$24.001:2Jul 31-$0.93$1.57
$24.00$23.001:2Aug 21$0.00$1.00
$26.00$25.001:2Aug 21-$0.26$0.74
$25.00$24.001:2Aug 21-$0.32$0.68
$28.00$27.001:2Aug 21-$0.91$0.09

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 10 found (best yield 3.26%, avg 1.39%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$28.00Aug 21$0.890.432.7%3.26%5.94%1.8K61.1K
$28.00Aug 14$0.650.412.7%2.38%5.06%31195
$29.00Aug 21$0.550.316.3%2.02%8.36%13.2K128.4K
$28.00Aug 7$0.500.472.7%1.83%4.51%2098
$28.00Jul 31$0.300.552.7%1.10%3.78%3.0K1.4K
$28.00Jul 24$0.280.272.7%1.03%3.70%2582.9K
$30.00Aug 21$0.250.1910.0%0.92%10.93%54142.5K
$30.00Aug 14$0.180.1710.0%0.66%10.67%158
$28.00Jul 17$0.100.202.7%0.37%3.04%1.7K49.5K
$27.50Jul 17$0.090.330.8%0.33%1.17%722.6K

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 36,445
Total Puts 9,625
Put/Call Ratio 0.26
Net Difference 26,820

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 413,889
Total Puts 591,948
Average Put/Call Ratio 1.81
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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