Tour v504
WBD
WARNER BROS DISCOVER Series A
$27.07 +0.74%
$27.01 (-0.22%)🌙
as of 08/11 07:21 PM
(8/10 19:20) ◀
|
Tuesday, August 11, 2026 (7:21pm)
January 2026
|
▶ (8/12 19:16)
◀ 8/11 19:21 ▶

Option Volume

Detail
ℹ
Current (08/11) 63,577
Calls: 32,810 (52%)
Puts: 30,767 (48%)
Prior (08/10) 36,534
Calls: 23,194 (63%)
Puts: 13,340 (37%)
Current vs Prior +74.02%
Calls: +41.46% (Calls)
Puts: +130.64% (Puts)
Prior 7-Day Total 733,975
Calls: 283,514 (39%)
Puts: 450,461 (61%)
Prior 7-Day Average 104,853
Calls: 40,502 (39%)
Puts: 64,351 (61%)
Current vs Prior 7-Day Avg -39.37%
Calls: -18.99%
Puts: -52.19%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/11) $3.16M
Calls: $2.03M (64%)
Puts: $1.14M (36%)
Prior (08/10) $2.08M
Calls: $1.47M (71%)
Puts: $610.8K (29%)
Current vs Prior +52.17%
Calls: +38.08%
Puts: +86.02%
Prior 7-Day Total $58.46M
Calls: $18.19M (31%)
Puts: $40.27M (69%)
Prior 7-Day Average $8.35M
Calls: $2.60M (31%)
Puts: $5.75M (69%)
Current vs Prior 7-Day Avg -62.14%
Calls: -22.08%
Puts: -80.25%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/11) 0.94
Prior (08/10) 0.58
Current vs Prior +63.04%
Prior 7-Day Average 1.99
Current vs Prior 7-Day Avg -52.97%
Sentiment NEUTRAL

Open Interest

Detail
ℹ
Current (08/11) 1,922,733
Calls: 742,148 (39%)
Puts: 1,180,585 (61%)
Prior (08/10) 1,822,523
Calls: 753,714 (41%)
Puts: 1,068,809 (59%)
Current vs Prior +5.50%
Prior 7-Day Total 13,042,331
Calls: 4,625,409 (35%)
Puts: 8,416,922 (65%)
Prior 7-Day Average 1,863,190
Calls: 660,772 (35%)
Puts: 1,202,417 (65%)
Current vs Prior 7-Day Avg +3.20%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (08/14) | Next (08/21)Expiry (08/21) | Next (09/18)
Current 3.21% | 7.09%7.09% | 7.79%
Prior 3.05% | 6.40%6.40% | 8.11%
Current vs Prior +5.31% | +10.80%+10.80% | -3.93%
Prior 7-Day Avg 3.54% | 7.62%6.86% | 7.96%
Current vs 7-Day Avg -9.33% | -6.91%+3.37% | -2.11%
Prior 7-Day Eod 3.05% | 6.40%6.40% | 8.11%
Current vs 7-Day Eod +5.31% | +10.80%+10.80% | -3.93%
Sentiment BEARISHBEARISH

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 55.89% | 125.23%
Calls: 58.77% | 109.82%
Puts: 48.13% | 168.46%
Current vs 7-Day Avg +6.49% | -17.30%
Liquidity Expensive
+
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🤖 AI Insights

Moderately bullish flow with 64% call dollar volume ($2.03M). Elevated premium activity with dollar volume up 52% vs prior. Above-average activity with volume up 74% vs prior. P/C ratio rising 63% - increased hedging/bearish positioning.

Smart Money BULLISH
Retail Flow NEUTRAL
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BEARISH
Current NEUTRAL
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
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 -- 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. 16 found (avg delta 0.76, highest 0.99)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$22.50Aug 143.256.70$4.9769.4%10.99--
$23.00Aug 142.856.15$4.5073.3%20.99--
$24.00Aug 142.105.15$3.6384.0%10.991
$26.00Aug 140.012.43$1.22198.4%50.941.0K
$26.00Aug 210.261.85$1.06150.0%3050.938.0K
PUTS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Sep 181.573.30$2.4470.9%300.80281
$28.00Aug 210.163.15$1.66180.1%250.783.1K
$27.50Aug 140.011.14$0.57198.2%260.7732
$27.00Aug 210.051.08$0.57180.7%1690.515.9K

Most actively traded options today. High liquidity = easy entry/exit. 52 active (total vol 15.6K, top 4.8K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$28.00Aug 210.130.20$0.1741.2%4.8K0.22116.7K
$28.00Sep 180.400.51$0.4623.9%3.0K0.3452.8K
$27.00Aug 210.350.70$0.5267.3%2.8K0.5015.0K
$27.00Aug 140.250.35$0.3033.3%1.1K0.551.5K
$30.00Aug 210.020.07$0.05100.0%6150.0650.7K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$27.00Aug 140.180.25$0.2231.8%9030.45452
$27.00Aug 210.051.08$0.57180.7%1690.515.9K
$25.00Sep 180.080.15$0.1258.3%780.1229.2K
$25.00Aug 210.020.05$0.0475.0%500.0662.2K
$26.00Aug 210.050.12$0.0977.8%430.166.9K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 3 strikes (avg 36.1%, max 37.3%)

CALLS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$27.00Aug 14Sep 1826.1%19.0%37.3%1.4K18.9K
$26.50Aug 14Aug 2124.4%18.3%33.6%58245
PUTS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$27.00Aug 14Sep 1826.1%19.0%37.3%91915.7K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 14 found (best R:R 1.94, avg 3.38)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$27.00$28.00Sep 18$0.34$0.66$0.3453%1.94$27.34
$27.00$28.00Aug 28$0.30$0.70$0.3055%2.33$27.30
$29.00$30.00Sep 18$0.11$0.89$0.1120%8.09$29.11
$27.50$28.00Aug 21$0.13$0.37$0.1335%2.85$27.63
$28.00$29.00Aug 21$0.11$0.89$0.1122%8.09$28.11
BEAR PUT (3)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$27.00$26.00Sep 18$0.27$0.73$0.2747%2.70$26.73
$27.00$26.50Aug 14$0.17$0.33$0.1745%1.94$26.83
$26.00$25.00Sep 18$0.24$0.76$0.2428%3.17$25.76

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 10 found (best R:R 1.70, avg 0.51)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$29.00$30.00Sep 4$0.63$0.63$0.3763%1.70$29.63
$29.50$30.00Aug 14$0.27$0.27$0.2380%1.17$29.77
$30.00$31.00Sep 18$0.10$0.10$0.9090%0.11$30.10
$28.00$29.00Sep 18$0.24$0.24$0.7666%0.32$28.24
$28.00$29.00Aug 21$0.11$0.11$0.8978%0.12$28.11
BULL PUT (3)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$26.00$25.00Sep 18$0.24$0.24$0.7672%0.32$25.76
$27.00$26.50Aug 14$0.17$0.17$0.3355%0.52$26.83
$27.00$26.00Sep 18$0.27$0.27$0.7353%0.37$26.73

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.28, cheapest $0.22)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$27.00Aug 14Aug 21$0.2226.1%31.2%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$27.00Aug 14Aug 21$0.3526.1%31.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 11 found (cheapest 1.92% of stock, avg 4.87%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$27.00Aug 14$0.30$0.22$0.52$26.48$27.521.92%
$27.50Aug 14$0.08$0.57$0.65$26.85$28.152.40%
$26.50Aug 14$0.76$0.05$0.81$25.69$27.312.99%
$27.00Aug 21$0.52$0.57$1.09$25.91$28.094.03%
$26.00Aug 21$1.06$0.09$1.15$24.85$27.154.25%
$26.00Aug 14$1.22$0.02$1.24$24.76$27.244.58%
$26.50Aug 21$1.15$0.15$1.30$25.20$27.804.80%
$27.00Sep 18$0.80$0.63$1.43$25.57$28.435.28%
$28.00Aug 21$0.17$1.66$1.83$26.17$29.836.76%
$26.00Sep 18$1.47$0.36$1.83$24.17$27.836.76%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 45 found (cheapest 0.15% of stock, avg 1.97%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$28.50$26.00Aug 14$0.02$0.02$0.04$25.96$28.54
$28.00$26.00Aug 14$0.03$0.02$0.05$25.95$28.05
$28.50$26.50Aug 14$0.02$0.05$0.07$26.43$28.57
$28.00$26.50Aug 14$0.03$0.05$0.08$26.42$28.08
$30.00$25.00Aug 21$0.05$0.04$0.09$24.91$30.09
$29.00$25.00Aug 21$0.06$0.04$0.10$24.90$29.10
$27.50$26.00Aug 14$0.08$0.02$0.10$25.90$27.60
$27.50$26.50Aug 14$0.08$0.05$0.13$26.37$27.63
$30.00$26.00Aug 21$0.05$0.09$0.14$25.86$30.14
$29.00$26.00Aug 21$0.06$0.09$0.15$25.85$29.15

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 3 found (best R:R 0.52, avg credit $0.39)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
25/2630/31Sep 18$0.34$0.6662%0.52$25.66$30.34
25/2629/30Sep 18$0.35$0.6552%0.54$25.65$29.35
25/2628/29Sep 18$0.48$0.5238%0.92$25.52$28.48

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 GainPOPR:R
$27.00$28.00$29.00Sep 18$0.10$0.9033%9.00
$27.00$28.00$29.00Aug 28$0.24$0.7640%3.17
$28.00$29.00$30.00Sep 18$0.13$0.8724%6.69
$27.00$27.50$28.00Aug 21$0.09$0.4128%4.56
$26.50$27.00$27.50Aug 14$0.24$0.2661%1.08
PUTS (3)
LowMidHighExpiryDebitMax GainPOPR:R
$26.50$27.00$27.50Aug 14$0.18$0.3261%1.78
$26.00$26.50$27.00Aug 14$0.14$0.3638%2.57
$26.00$26.50$27.00Aug 21$0.36$0.1434%0.39

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 27 found (best net $-0.13, 12 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$26.00$27.001:2Sep 18-$0.13$0.87
$27.00$28.001:2Sep 18-$0.12$0.88
$26.00$26.501:2Aug 14-$0.30$0.20
$27.00$27.501:2Aug 21-$0.08$0.42
$29.00$30.001:2Sep 18$0.00$1.00
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$27.00$26.001:2Sep 18-$0.09$0.91
$26.00$24.001:2Aug 14$0.00$2.00
$29.00$27.001:2Sep 18$1.18$0.82
$27.50$27.001:2Aug 14$0.13$0.37
$28.00$27.001:2Aug 21$0.52$0.48

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 6 found (best yield 0.26%, avg 0.57%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$29.00Sep 4$0.070.377.1%0.26%7.39%131
$28.00Sep 18$0.400.343.4%1.48%4.91%3.0K52.8K
$29.00Sep 18$0.150.207.1%0.55%7.68%10334.0K
$30.00Sep 18$0.070.1010.8%0.26%11.08%32242.2K
$28.00Aug 21$0.130.223.4%0.48%3.92%4.8K116.7K
$27.50Aug 21$0.100.351.6%0.37%1.96%14--

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 32,810
Total Puts 30,767
Put/Call Ratio 0.94
Net Difference 2,043

Prior's Put/Call Breakdown

Total Calls 23,194
Total Puts 13,340
Put/Call Ratio 0.58
Net Difference 9,854

Prior 7-Day Put/Call Summary

Total Calls 283,514
Total Puts 450,461
Average Put/Call Ratio 1.99
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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