Tour v505
WBD
WARNER BROS DISCOVER Series A
$27.65 +2.14%
$27.62 (-0.11%)🌙
as of 08/12 07:16 PM
(8/11 19:21) ◀
|
Wednesday, August 12, 2026 (7:16pm)
January 2026
|
▶ (8/13 19:15)
◀ 8/12 19:16 ▶

Option Volume

Detail
ℹ
Current (08/12) 101,459
Calls: 63,574 (63%)
Puts: 37,885 (37%)
Prior (08/11) 63,577
Calls: 32,810 (52%)
Puts: 30,767 (48%)
Current vs Prior +59.58%
Calls: +93.76% (Calls)
Puts: +23.14% (Puts)
Prior 7-Day Total 676,822
Calls: 279,955 (41%)
Puts: 396,867 (59%)
Prior 7-Day Average 96,688
Calls: 39,993 (41%)
Puts: 56,695 (59%)
Current vs Prior 7-Day Avg +4.93%
Calls: +58.96%
Puts: -33.18%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/12) $4.95M
Calls: $3.78M (76%)
Puts: $1.17M (24%)
Prior (08/11) $3.16M
Calls: $2.03M (64%)
Puts: $1.14M (36%)
Current vs Prior +56.49%
Calls: +86.65%
Puts: +2.72%
Prior 7-Day Total $52.57M
Calls: $17.70M (34%)
Puts: $34.87M (66%)
Prior 7-Day Average $7.51M
Calls: $2.53M (34%)
Puts: $4.98M (66%)
Current vs Prior 7-Day Avg -34.12%
Calls: +49.51%
Puts: -76.57%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/12) 0.60
Prior (08/11) 0.94
Current vs Prior -36.45%
Prior 7-Day Average 1.80
Current vs Prior 7-Day Avg -66.83%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/12) 1,887,032
Calls: 800,212 (42%)
Puts: 1,086,820 (58%)
Prior (08/11) 1,922,733
Calls: 742,148 (39%)
Puts: 1,180,585 (61%)
Current vs Prior -1.86%
Prior 7-Day Total 13,192,024
Calls: 4,745,709 (36%)
Puts: 8,446,315 (64%)
Prior 7-Day Average 1,884,574
Calls: 677,958 (36%)
Puts: 1,206,616 (64%)
Current vs Prior 7-Day Avg +0.13%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (08/14) | Next (08/21)Expiry (08/21) | Next (09/18)
Current 5.46% | 5.32%5.32% | 8.03%
Prior 3.21% | 7.09%7.09% | 7.79%
Current vs Prior +69.92% | -25.04%-25.04% | +3.01%
Prior 7-Day Avg 3.32% | 7.61%6.67% | 7.40%
Current vs 7-Day Avg +64.26% | -30.10%-20.28% | +8.53%
Prior 7-Day Eod 3.21% | 7.09%7.09% | 7.79%
Current vs 7-Day Eod +69.92% | -25.04%-25.04% | +3.01%
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 59.53% | 126.41%
Calls: 63.79% | 118.61%
Puts: 49.60% | 175.05%
Current vs 7-Day Avg -0.01% | -18.07%
Liquidity Expensive
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🤖 AI Insights

Strong bullish conviction with 76% of dollar volume in calls ($3.78M) vs puts ($1.17M). Elevated premium activity with dollar volume up 56% vs prior. Above-average activity with volume up 60% vs prior. Bullish P/C ratio of 0.60.

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 NEUTRAL
7-Day Avg NEUTRAL
Current BULLISH
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. 1 found (avg $0.28, cheapest $0.28)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$28.00Aug 210.260.30$0.2814.3%5.9K0.37117.9K
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 33 found (avg delta 0.77, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$22.50Aug 143.507.15$5.3368.5%11.00--
$24.00Aug 141.885.65$3.77100.0%11.00--
$25.00Aug 141.004.65$2.83129.0%11.00--
$26.00Aug 140.773.55$2.16128.7%81.001.0K
$26.50Aug 140.393.15$1.77155.9%281.0071
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$30.00Sep 181.804.50$3.1585.7%100.8525
$29.50Aug 210.324.00$2.16170.4%2580.74--
$29.00Sep 181.133.70$2.42106.2%50.73311
$29.50Aug 280.464.05$2.26158.8%350.70--
$29.00Sep 110.013.70$1.86198.4%300.69--

Most actively traded options today. High liquidity = easy entry/exit. 75 active (total vol 43.1K, top 10.1K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Sep 180.280.40$0.3435.3%10.1K0.2634.0K
$28.00Sep 180.550.75$0.6530.8%6.2K0.4252.2K
$28.00Aug 210.260.30$0.2814.3%5.9K0.37117.9K
$27.00Aug 210.250.93$0.59115.3%3.4K0.7315.2K
$29.00Aug 210.050.12$0.0977.8%3.0K0.14133.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$25.00Sep 180.100.15$0.1338.5%2.5K0.1129.3K
$27.00Aug 210.110.25$0.1877.8%1.6K0.276.1K
$25.00Aug 210.000.04$0.02200.0%1.3K0.0362.2K
$26.00Sep 180.190.35$0.2759.3%1.2K0.2225.1K
$27.00Aug 140.030.05$0.0450.0%7490.151.1K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 5 strikes (avg 34.4%, max 65.6%)

CALLS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$27.50Aug 14Aug 2129.2%17.6%65.6%1.2K1.8K
$28.00Aug 14Sep 1835.3%25.7%37.5%6.8K52.8K
PUTS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$27.00Aug 14Sep 1824.5%17.7%38.5%81616.4K
$29.00Sep 11Sep 1833.1%25.7%29.0%35311
$28.00Aug 21Sep 1826.1%25.7%1.5%26.4K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 23 found (best R:R 9.00, avg 3.17)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$28.00$30.00Sep 4$0.20$1.80$0.2056%9.00$28.20
$26.00$27.00Sep 18$0.59$0.41$0.5982%0.69$26.59
$28.00$29.00Sep 11$0.21$0.79$0.2144%3.76$28.21
$27.00$27.50Aug 14$0.28$0.22$0.28100%0.79$27.28
$27.00$28.00Sep 11$0.39$0.61$0.3960%1.56$27.39
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$29.50$27.50Aug 28$1.05$0.95$1.0570%0.90$28.45
$27.00$26.00Sep 18$0.15$0.85$0.1538%5.67$26.85
$27.50$27.00Aug 14$0.12$0.38$0.1250%3.17$27.38
$26.00$25.00Sep 18$0.14$0.86$0.1422%6.14$25.86
$26.50$26.00Aug 21$0.12$0.38$0.1221%3.17$26.38

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 16 found (best R:R 1.60, avg 0.50)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$29.00$31.00Sep 25$1.23$1.23$0.7752%1.60$30.23
$29.50$30.00Aug 21$0.35$0.35$0.1574%2.33$29.85
$30.00$31.00Sep 18$0.15$0.15$0.8585%0.18$30.15
$29.00$30.00Aug 14$0.12$0.12$0.8883%0.14$29.12
$28.00$29.00Aug 28$0.22$0.22$0.7867%0.28$28.22
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$27.50$25.00Aug 28$1.15$1.15$1.3541%0.85$26.35
$26.50$26.00Aug 21$0.12$0.12$0.3879%0.32$26.38
$26.00$25.00Sep 18$0.14$0.14$0.8678%0.16$25.86
$27.50$27.00Aug 14$0.12$0.12$0.3850%0.32$27.38
$27.00$26.00Sep 18$0.15$0.15$0.8562%0.18$26.85

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 3 found (avg debit $0.26, cheapest $0.10)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$27.50Aug 14Aug 21$0.1329.2%17.6%
PUTS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$27.50Aug 14Aug 21$0.1029.2%17.6%
$29.00Sep 11Sep 18$0.5633.1%25.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 18 found (cheapest 1.48% of stock, avg 6.82%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$27.50Aug 14$0.25$0.16$0.41$27.09$27.911.48%
$27.00Aug 14$0.53$0.04$0.57$26.43$27.572.06%
$27.50Aug 21$0.38$0.26$0.64$26.86$28.142.31%
$27.00Aug 21$0.59$0.18$0.77$26.23$27.772.78%
$28.00Aug 21$0.28$1.09$1.37$26.63$29.374.95%
$27.00Sep 18$1.10$0.42$1.52$25.48$28.525.50%
$26.00Aug 21$1.68$0.05$1.73$24.27$27.736.26%
$28.00Sep 18$0.65$1.12$1.77$26.23$29.776.40%
$26.50Aug 14$1.77$0.03$1.80$24.70$28.306.51%
$26.50Aug 21$1.72$0.17$1.89$24.61$28.396.84%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 46 found (cheapest 0.22% of stock, avg 1.61%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$28.50$26.50Aug 14$0.03$0.03$0.06$26.44$28.56
$28.50$27.00Aug 14$0.03$0.04$0.07$26.93$28.57
$30.00$26.00Aug 21$0.04$0.05$0.09$25.91$30.09
$29.00$26.00Aug 21$0.09$0.05$0.14$25.86$29.14
$28.00$27.00Aug 14$0.10$0.04$0.14$26.86$28.14
$28.00$26.50Aug 14$0.10$0.03$0.13$26.37$28.13
$30.00$25.00Aug 28$0.11$0.06$0.17$24.83$30.17
$29.00$25.00Aug 28$0.11$0.06$0.17$24.83$29.17
$29.00$27.00Aug 14$0.14$0.04$0.18$26.82$29.18
$29.00$26.50Aug 14$0.14$0.03$0.17$26.33$29.17

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 2 found (best R:R 0.41, avg credit $0.30)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
25/2630/31Sep 18$0.29$0.7163%0.41$25.71$30.29
25/2629/30Sep 18$0.31$0.6952%0.45$25.69$29.31

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 23 found (best R:R 2.85, cheapest $0.07)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$27.00$27.50$28.00Aug 14$0.13$0.3775%2.85
$26.00$27.00$28.00Sep 18$0.14$0.8640%6.14
$27.00$28.00$29.00Sep 18$0.14$0.8639%6.14
$27.50$28.00$28.50Aug 14$0.08$0.4248%5.25
$28.00$29.00$30.00Sep 18$0.14$0.8627%6.14
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$26.50$27.00$27.50Aug 14$0.11$0.3943%3.55
$24.00$25.00$26.00Sep 18$0.08$0.9216%11.50
$26.50$27.00$27.50Aug 21$0.07$0.4323%6.14
$23.00$24.00$25.00Sep 18$0.19$0.812%4.26
$26.00$27.00$28.00Sep 18$0.55$0.4536%0.82

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 33 found (best net $-0.16, 21 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$26.00$27.001:2Sep 11-$0.21$0.79
$25.00$26.001:2Sep 18-$0.51$0.49
$27.00$28.001:2Sep 18-$0.20$0.80
$26.00$27.001:2Sep 18-$0.51$0.49
$27.00$28.001:2Sep 11-$0.32$0.68
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$29.50$27.501:2Aug 28-$0.16$1.84
$29.50$28.001:2Aug 21-$0.02$1.48
$27.00$26.001:2Sep 18-$0.12$0.88
$27.50$27.001:2Aug 21-$0.10$0.40
$25.00$23.001:2Aug 21$0.00$2.00

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 7 found (best yield 1.99%, avg 0.82%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$28.00Sep 18$0.550.421.3%1.99%3.25%6.2K52.2K
$29.00Sep 18$0.280.264.9%1.01%5.90%10.1K34.0K
$30.00Sep 11$0.060.218.5%0.22%8.72%30--
$30.00Sep 18$0.140.158.5%0.51%9.01%6142.3K
$28.00Aug 21$0.260.371.3%0.94%2.21%5.9K117.9K
$28.00Aug 28$0.190.331.3%0.69%1.95%11--
$28.50Aug 21$0.100.233.1%0.36%3.44%187

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 63,574
Total Puts 37,885
Put/Call Ratio 0.60
Net Difference 25,689

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 279,955
Total Puts 396,867
Average Put/Call Ratio 1.80
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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