Tour v494
WBD
WARNER BROS DISCOVER Series A
$26.78 +1.44%
$26.75 (-0.11%)🌙
as of 08/07 07:20 PM
(8/6 18:09) ◀
|
Friday, August 7, 2026 (7:20pm)
January 2026
|
▶ (8/10 19:20)
◀ 8/7 19:20 ▶

Option Volume

Detail
ℹ
Current (08/07) 111,082
Calls: 61,393 (55%)
Puts: 49,689 (45%)
Prior (08/06) 138,326
Calls: 78,869 (57%)
Puts: 59,457 (43%)
Current vs Prior -19.70%
Calls: -22.16% (Calls)
Puts: -16.43% (Puts)
Prior 7-Day Total 651,883
Calls: 212,357 (33%)
Puts: 439,526 (67%)
Prior 7-Day Average 93,126
Calls: 30,336 (33%)
Puts: 62,789 (67%)
Current vs Prior 7-Day Avg +19.28%
Calls: +102.37%
Puts: -20.86%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/07) $7.35M
Calls: $4.11M (56%)
Puts: $3.24M (44%)
Prior (08/06) $7.63M
Calls: $4.36M (57%)
Puts: $3.27M (43%)
Current vs Prior -3.62%
Calls: -5.77%
Puts: -0.74%
Prior 7-Day Total $59.25M
Calls: $14.12M (24%)
Puts: $45.13M (76%)
Prior 7-Day Average $8.46M
Calls: $2.02M (24%)
Puts: $6.45M (76%)
Current vs Prior 7-Day Avg -13.17%
Calls: +103.60%
Puts: -49.72%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/07) 0.81
Prior (08/06) 0.75
Current vs Prior +7.36%
Prior 7-Day Average 2.82
Current vs Prior 7-Day Avg -71.28%
Sentiment NEUTRAL

Open Interest

Detail
ℹ
Current (08/07) 1,551,702
Calls: 628,094 (40%)
Puts: 923,608 (60%)
Prior (08/06) 2,741,776
Calls: 932,442 (34%)
Puts: 1,809,334 (66%)
Current vs Prior -43.41%
Prior 7-Day Total 12,316,410
Calls: 4,015,358 (33%)
Puts: 8,301,052 (67%)
Prior 7-Day Average 1,759,487
Calls: 573,622 (33%)
Puts: 1,185,864 (67%)
Current vs Prior 7-Day Avg -11.81%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 6.87% | 2.09%2.58% | 6.61%
Prior 2.01% | 2.88%3.26% | 7.39%
Current vs Prior +4.16% | -10.50%-20.91% | -10.52%
Prior 7-Day Avg 3.75% | 8.07%8.47% | 8.20%
Current vs 7-Day Avg -44.23% | -68.07%-69.59% | -19.36%
Prior 7-Day Eod 2.01% | 2.88%3.26% | 7.39%
Current vs 7-Day Eod +4.16% | -10.50%-20.91% | -10.52%
Sentiment BEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 59.52% | 103.57%
Calls: 59.52% | 103.57%
Puts: -- | --
Prior 59.52% | 103.57%
Calls: 59.52% | 103.57%
Puts: -- | --
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 48.62% | 122.88%
Calls: 48.73% | 92.22%
Puts: 46.67% | 161.86%
Current vs 7-Day Avg +22.42% | -15.71%
Liquidity Expensive
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🤖 AI Insights

Declining open interest (down 43%) indicates positions being closed.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BEARISH
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
Prior NEUTRAL
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. 20 found (avg delta 0.87, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$22.00Aug 73.256.70$4.9769.4%30.9915
$23.00Aug 72.095.70$3.9092.6%40.994
$24.00Aug 71.804.70$3.2589.2%110.997
$24.50Aug 71.364.20$2.78102.2%70.9935
$25.00Aug 70.963.70$2.33117.6%110.98118
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$27.00Aug 70.001.42$0.71200.0%1721.00431
$27.50Aug 70.012.79$1.40198.6%301.0033
$27.50Aug 140.012.21$1.11198.2%301.002
$30.00Sep 181.605.35$3.47108.1%30.9025
$27.00Aug 140.020.40$0.21181.0%1690.70206

Most actively traded options today. High liquidity = easy entry/exit. 56 active (total vol 15.1K, top 7.7K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$28.00Sep 180.300.40$0.3528.6%7.7K0.2743.0K
$27.00Aug 70.000.01$0.01100.0%1.3K0.082.1K
$28.00Aug 210.100.16$0.1346.2%1.0K0.20116.6K
$29.00Sep 180.160.25$0.2142.9%7530.1733.6K
$29.00Aug 210.050.08$0.0742.9%6070.10133.5K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$26.00Aug 140.010.10$0.06150.0%5660.1388
$25.00Aug 210.000.10$0.05200.0%4230.0862.1K
$25.50Aug 140.010.03$0.02100.0%2020.0559
$27.00Aug 70.001.42$0.71200.0%1721.00431
$27.00Aug 140.020.40$0.21181.0%1690.70206

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 13 strikes (avg 754.3%, max 2792.9%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$25.50Aug 7Aug 14324.2%24.1%1244.0%40345
$26.00Aug 7Aug 21213.8%20.3%952.5%2559.8K
$27.50Aug 7Aug 21186.2%20.8%796.6%281.5K
$26.50Aug 7Aug 21126.9%16.8%656.6%1492.9K
$27.00Aug 7Sep 1869.5%18.7%272.6%1.3K19.1K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$26.00Aug 7Sep 4213.8%7.4%2792.9%423.4K
$24.50Aug 7Aug 14538.4%36.1%1392.7%2111
$27.50Aug 7Aug 14186.2%15.6%1091.7%6035
$27.00Aug 7Aug 2169.5%16.8%314.1%2206.3K
$25.00Aug 14Sep 1838.9%17.4%122.9%232.2K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 9 found (best R:R 7.33, avg 3.76)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$29.00$30.00Sep 18$0.12$0.88$0.127.33$29.12
$27.00$28.00Sep 18$0.13$0.87$0.136.69$27.13
$28.00$29.00Sep 18$0.14$0.86$0.146.14$28.14
$27.00$28.00Aug 28$0.17$0.83$0.174.88$27.17
$27.00$27.50Aug 21$0.11$0.39$0.113.55$27.11
BEAR PUT (2)
BuySellExpiryDebitMax GainMax LossR:RBE
$27.00$26.00Aug 21$0.25$0.75$0.253.00$26.75
$30.00$25.00Sep 18$3.34$1.66$3.340.50$26.66

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 9 found (best R:R 2.01, avg 0.66)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$23.00$24.00Aug 7$0.65$0.65$0.351.86$23.65
$26.50$27.00Aug 14$0.23$0.23$0.270.85$26.73
$27.00$27.50Aug 21$0.11$0.11$0.390.28$27.11
$27.00$28.00Aug 28$0.17$0.17$0.830.20$27.17
$28.00$29.00Sep 18$0.14$0.14$0.860.16$28.14
BULL PUT (2)
SellBuyExpiryCreditMax GainMax LossR:RBE
$30.00$25.00Sep 18$3.34$3.34$1.662.01$26.66
$27.00$26.00Aug 21$0.25$0.25$0.750.33$26.75

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 5 found (avg debit $0.46, cheapest $0.10)

CALLS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$28.00Aug 14Aug 21$0.1022.0%23.0%
$27.00Aug 7Aug 14$0.1169.5%11.4%
$26.00Aug 7Aug 14$0.33213.8%22.2%
PUTS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$26.50Aug 7Aug 14$0.68126.9%60.1%
$25.50Aug 14Aug 21$1.0824.1%84.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 13 found (cheapest 1.23% of stock, avg 4.99%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$27.00Aug 14$0.12$0.21$0.33$26.67$27.331.23%
$27.00Aug 21$0.32$0.36$0.68$26.32$27.682.54%
$27.00Aug 7$0.01$0.71$0.72$26.28$27.722.69%
$26.00Aug 7$0.76$0.01$0.77$25.23$26.772.88%
$26.00Aug 21$0.86$0.11$0.97$25.03$26.973.62%
$26.50Aug 14$0.35$0.70$1.05$25.45$27.553.92%
$26.50Aug 7$1.13$0.02$1.15$25.35$27.654.29%
$26.00Aug 14$1.09$0.06$1.15$24.85$27.154.29%
$27.50Aug 14$0.05$1.11$1.16$26.34$28.664.33%
$27.50Aug 7$0.01$1.40$1.41$26.09$28.915.27%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 40 found (cheapest 0.11% of stock, avg 1.60%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$27.00$26.50Aug 7$0.01$0.02$0.03$26.47$27.03
$28.00$25.50Aug 14$0.03$0.02$0.05$25.45$28.05
$29.00$25.50Aug 14$0.03$0.02$0.05$25.45$29.05
$27.50$25.50Aug 14$0.05$0.02$0.07$25.43$27.57
$28.00$26.00Aug 14$0.03$0.06$0.09$25.91$28.09
$28.00$25.00Aug 14$0.03$0.06$0.09$24.91$28.09
$29.00$26.00Aug 14$0.03$0.06$0.09$25.91$29.09
$29.00$25.00Aug 14$0.03$0.06$0.09$24.91$29.09
$27.50$26.00Aug 14$0.05$0.06$0.11$25.89$27.61
$27.50$25.00Aug 14$0.05$0.06$0.11$24.89$27.61

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

No iron condor setups found

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 3 found (best R:R 5.25, cheapest $0.08)

CALLS (2)
LowMidHighExpiryDebitMax GainR:R
$26.50$27.00$27.50Aug 14$0.16$0.342.13
$22.00$23.00$24.00Aug 7$0.42$0.581.38
PUTS (1)
LowMidHighExpiryDebitMax GainR:R
$25.00$25.50$26.00Aug 14$0.08$0.425.25

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 16 found (best net $-0.03, 9 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$28.00$30.001:2Aug 28-$0.03$1.97
$28.00$29.001:2Sep 18-$0.07$0.93
$27.00$28.001:2Sep 18-$0.22$0.78
$27.50$28.001:2Aug 21-$0.05$0.45
$27.00$27.501:2Aug 21-$0.10$0.40
PUTS (4)
Buy KSell KRatioExpiryNetMax Gain
$26.00$24.501:2Aug 7-$0.01$1.49
$25.50$25.001:2Aug 14-$0.10$0.40
$30.00$25.001:2Sep 18$3.21$1.79
$27.00$26.001:2Aug 21$0.14$0.86

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 8 found (best yield 1.12%, avg 0.56%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$28.00Sep 18$0.300.274.6%1.12%5.68%7.7K43.0K
$27.00Aug 21$0.240.470.8%0.90%1.72%26714.8K
$29.00Sep 18$0.160.178.3%0.60%8.89%75333.6K
$27.00Sep 18$0.150.410.8%0.56%1.38%4716.9K
$28.00Aug 21$0.100.204.6%0.37%4.93%1.0K116.6K
$27.00Sep 11$0.100.410.8%0.37%1.19%34
$27.50Aug 21$0.080.312.7%0.30%2.99%151.5K
$30.00Sep 18$0.060.0912.0%0.22%12.25%55--

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 61,393
Total Puts 49,689
Put/Call Ratio 0.81
Net Difference 11,704

Prior's Put/Call Breakdown

Total Calls 78,869
Total Puts 59,457
Put/Call Ratio 0.75
Net Difference 19,412

Prior 7-Day Put/Call Summary

Total Calls 212,357
Total Puts 439,526
Average Put/Call Ratio 2.82
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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