WBD - Options Database

WBD

WARNER BROS DISCOVER Series A

$27.75 +0.36%

$27.76 (+0.04%)🌙

as of 08/13 07:15 PM

(8/12 19:16) ◀

Thursday, August 13, 2026 (7:15pm)

▶ (8/14 19:14)

◀ 8/13 19:15 ▶

Option Volume

Detail

ℹ

Current (08/13) 139,526

Calls: 44,942 (32%)

Puts: 94,584 (68%)

Prior (08/12) 101,459

Calls: 63,574 (63%)

Puts: 37,885 (37%)

Current vs Prior +37.52%

Calls: -29.31% (Calls)

Puts: +149.66% (Puts)

Prior 7-Day Total 659,139

Calls: 324,342 (49%)

Puts: 334,797 (51%)

Prior 7-Day Average 94,162

Calls: 46,334 (49%)

Puts: 47,828 (51%)

Current vs Prior 7-Day Avg +48.18%

Calls: -3.01%

Puts: +97.76%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (08/13) $8.10M

Calls: $2.72M (34%)

Puts: $5.37M (66%)

Prior (08/12) $4.95M

Calls: $3.78M (76%)

Puts: $1.17M (24%)

Current vs Prior +63.62%

Calls: -28.00%

Puts: +360.40%

Prior 7-Day Total $39.82M

Calls: $19.67M (49%)

Puts: $20.15M (51%)

Prior 7-Day Average $5.69M

Calls: $2.81M (49%)

Puts: $2.88M (51%)

Current vs Prior 7-Day Avg +42.31%

Calls: -3.14%

Puts: +86.67%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (08/13) 2.10

Prior (08/12) 0.60

Current vs Prior +253.16%

Prior 7-Day Average 1.17

Current vs Prior 7-Day Avg +80.28%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (08/13) 1,966,102

Calls: 785,367 (40%)

Puts: 1,180,735 (60%)

Prior (08/12) 1,887,032

Calls: 800,212 (42%)

Puts: 1,086,820 (58%)

Current vs Prior +4.19%

Prior 7-Day Total 13,694,770

Calls: 4,963,681 (36%)

Puts: 8,731,089 (64%)

Prior 7-Day Average 1,956,395

Calls: 709,097 (36%)

Puts: 1,247,298 (64%)

Current vs Prior 7-Day Avg +0.50%

Sentiment BULLISH

Expected Move

Detail

ℹ

WKMO Expiry (08/14) | Next (08/21)Expiry (08/21) | Next (09/18)

Current 2.67% | 3.10%3.10% | 7.03%

Prior 5.46% | 5.32%5.32% | 8.03%

Current vs Prior -51.17% | -41.71%-41.71% | -12.48%

Prior 7-Day Avg 3.48% | 7.37%6.24% | 7.26%

Current vs 7-Day Avg -23.26% | -57.94%-50.34% | -3.25%

Prior 7-Day Eod 5.46% | 5.32%5.32% | 8.03%

Current vs 7-Day Eod -51.17% | -41.71%-41.71% | -12.48%

Sentiment BULLISHBULLISH

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 63.16% | 127.58%

Calls: 68.81% | 127.41%

Puts: 52.52% | 188.23%

Current vs 7-Day Avg -5.77% | -18.82%

Liquidity Expensive

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🤖 AI Insights

Moderately bearish flow with 66% put dollar volume ($5.37M). Elevated premium activity with dollar volume up 64% vs prior. Extreme bearish P/C ratio of 2.10 - heavy put buying. P/C ratio rising 253% - 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

🎯

Tightest Spreads

💰

Best Value <$1

📊

High Delta

⚖️

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. 32 found (avg delta 0.83, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$22.50	Aug 14	3.55	7.35	$5.45	69.7%	1	1.00	--
$26.50	Aug 14	0.84	2.47	$1.66	98.2%	9	1.00	76
$27.00	Aug 14	0.60	1.00	$0.80	50.0%	58	1.00	1.5K
$27.50	Aug 14	0.00	0.40	$0.20	200.0%	186	1.00	1.3K
$25.00	Aug 21	2.30	4.85	$3.58	71.2%	1	0.99	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$27.50	Aug 14	0.02	0.10	$0.06	133.3%	3	1.00	60
$33.00	Aug 21	3.40	7.35	$5.38	73.4%	8	1.00	--
$33.00	Aug 14	3.25	7.35	$5.30	77.4%	8	0.97	--
$29.50	Aug 14	0.24	3.85	$2.05	176.1%	2	0.96	--
$28.50	Aug 14	0.01	2.36	$1.18	199.2%	65	0.94	2

Most actively traded options today. High liquidity = easy entry/exit. 61 active (total vol 43.3K, top 13.3K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$28.00	Aug 21	0.20	0.37	$0.29	58.6%	13.3K	0.43	120.4K
$29.00	Aug 21	0.06	0.09	$0.08	37.5%	7.3K	0.14	133.6K
$27.00	Sep 18	0.70	1.44	$1.07	69.2%	5.0K	0.68	17.7K
$29.00	Sep 18	0.25	0.35	$0.30	33.3%	2.2K	0.26	39.0K
$27.00	Aug 21	0.60	1.00	$0.80	50.0%	1.6K	0.81	15.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$27.00	Aug 21	0.05	0.16	$0.11	100.0%	6.2K	0.19	7.6K
$26.00	Aug 21	0.00	0.04	$0.02	200.0%	1.5K	0.04	6.9K
$27.50	Aug 21	0.11	0.25	$0.18	77.8%	552	0.34	283
$25.00	Sep 18	0.09	0.13	$0.11	36.4%	360	0.10	31.3K
$26.00	Sep 18	0.13	0.20	$0.17	41.2%	349	0.16	25.0K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 2 strikes (avg 78.5%, max 81.6%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$28.00	Aug 14	Sep 18	40.4%	23.0%	75.4%	544	58.4K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$28.00	Aug 14	Aug 21	40.4%	22.2%	81.6%	99	3.1K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 18 found (best R:R 2.33, avg 3.50)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$28.00	$29.00	Aug 28	$0.11	$0.89	$0.11	54%	8.09	$28.11
$27.00	$28.00	Sep 18	$0.42	$0.58	$0.42	68%	1.38	$27.42
$27.00	$27.50	Aug 21	$0.27	$0.23	$0.27	81%	0.85	$27.27
$27.50	$28.00	Aug 14	$0.15	$0.35	$0.15	100%	2.33	$27.65
$27.50	$28.00	Aug 21	$0.24	$0.26	$0.24	67%	1.08	$27.74

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$29.50	$29.00	Aug 21	$0.15	$0.35	$0.15	79%	2.33	$29.35
$29.00	$27.00	Sep 18	$0.95	$1.05	$0.95	73%	1.11	$28.05
$28.00	$27.50	Aug 21	$0.15	$0.35	$0.15	58%	2.33	$27.85
$27.00	$26.00	Sep 18	$0.21	$0.79	$0.21	33%	3.76	$26.79
$26.50	$26.00	Aug 21	$0.13	$0.37	$0.13	18%	2.85	$26.37

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 10 found (best R:R 0.15, avg 0.25)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$28.00	$31.00	Sep 11	$0.39	$0.39	$2.61	64%	0.15	$28.39
$28.00	$31.00	Sep 4	$0.53	$0.53	$2.47	42%	0.21	$28.53
$30.00	$31.00	Sep 18	$0.13	$0.13	$0.87	86%	0.15	$30.13
$28.00	$29.00	Sep 18	$0.35	$0.35	$0.65	55%	0.54	$28.35
$29.00	$30.00	Aug 28	$0.11	$0.11	$0.89	77%	0.12	$29.11

BULL PUT (2)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$26.50	$26.00	Aug 21	$0.13	$0.13	$0.37	82%	0.35	$26.37
$27.00	$26.00	Sep 18	$0.21	$0.21	$0.79	67%	0.27	$26.79

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

No setups found for this strategy

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 16 found (cheapest 0.94% of stock, avg 5.29%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$27.50	Aug 14	$0.20	$0.06	$0.26	$27.24	$27.76	0.94%
$28.00	Aug 14	$0.05	$0.54	$0.59	$27.41	$28.59	2.13%
$28.00	Aug 21	$0.29	$0.33	$0.62	$27.38	$28.62	2.23%
$27.50	Aug 21	$0.53	$0.18	$0.71	$26.79	$28.21	2.56%
$27.00	Aug 14	$0.80	$0.02	$0.82	$26.18	$27.82	2.95%
$27.00	Aug 21	$0.80	$0.11	$0.91	$26.09	$27.91	3.28%
$28.50	Aug 14	$0.02	$1.18	$1.20	$27.30	$29.70	4.32%
$27.00	Sep 18	$1.07	$0.38	$1.45	$25.55	$28.45	5.23%
$26.50	Aug 21	$1.43	$0.15	$1.58	$24.92	$28.08	5.69%
$29.00	Sep 18	$0.30	$1.33	$1.63	$27.37	$30.63	5.87%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 33 found (cheapest 0.14% of stock, avg 1.36%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$28.50	$27.00	Aug 14	$0.02	$0.02	$0.04	$26.96	$28.54
$28.00	$27.00	Aug 14	$0.05	$0.02	$0.07	$26.93	$28.07
$30.00	$25.50	Aug 21	$0.04	$0.05	$0.09	$25.41	$30.09
$29.00	$25.50	Aug 21	$0.08	$0.05	$0.13	$25.37	$29.13
$30.00	$27.00	Aug 21	$0.04	$0.11	$0.15	$26.85	$30.15
$29.00	$27.00	Aug 21	$0.08	$0.11	$0.19	$26.81	$29.19
$30.00	$26.50	Aug 21	$0.04	$0.15	$0.19	$26.31	$30.19
$28.50	$25.50	Aug 21	$0.14	$0.05	$0.19	$25.31	$28.69
$29.00	$26.50	Aug 21	$0.08	$0.15	$0.23	$26.27	$29.23
$28.50	$27.00	Aug 21	$0.14	$0.11	$0.25	$26.75	$28.75

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 2 found (best R:R 0.52, avg credit $0.35)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
26/27	30/31	Sep 18	$0.34	$0.66	53%	0.52	$26.66	$30.34
26/27	29/30	Sep 18	$0.36	$0.64	41%	0.56	$26.64	$29.36

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 19 found (best R:R 3.17, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$27.50	$28.00	$28.50	Aug 14	$0.12	$0.38	94%	3.17
$27.00	$28.00	$29.00	Sep 18	$0.07	$0.93	41%	13.29
$27.50	$28.00	$28.50	Aug 21	$0.09	$0.41	42%	4.56
$28.00	$28.50	$29.00	Aug 21	$0.09	$0.41	29%	4.56
$28.00	$29.00	$30.00	Sep 18	$0.20	$0.80	31%	4.00

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$27.00	$27.50	$28.00	Aug 21	$0.08	$0.42	39%	5.25
$24.00	$25.00	$26.00	Sep 18	$0.05	$0.95	9%	19.00
$25.00	$26.00	$27.00	Sep 18	$0.15	$0.85	23%	5.67
$23.00	$24.00	$25.00	Sep 18	$0.06	$0.94	2%	15.67
$26.50	$27.00	$27.50	Aug 21	$0.11	$0.39	16%	3.55

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 34 found (best net $-0.31, 16 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$26.00	$27.00	1:2	Sep 4	-$0.33	$0.67
$26.00	$27.00	1:2	Sep 18	-$0.34	$0.66
$27.00	$28.00	1:2	Sep 18	-$0.23	$0.77
$26.50	$27.00	1:2	Aug 21	-$0.17	$0.33
$26.00	$26.50	1:2	Aug 21	-$0.23	$0.27

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$29.50	$28.50	1:2	Aug 14	-$0.31	$0.69
$30.00	$29.00	1:2	Sep 18	-$0.28	$0.72
$26.50	$24.50	1:2	Aug 14	-$0.01	$1.99
$25.00	$24.00	1:2	Sep 18	-$0.09	$0.91
$26.00	$25.50	1:2	Aug 21	-$0.08	$0.42

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 7 found (best yield 1.98%, avg 0.72%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$28.00	Sep 18	$0.55	0.45	0.9%	1.98%	2.88%	299	57.4K
$29.00	Sep 18	$0.25	0.26	4.5%	0.90%	5.41%	2.2K	39.0K
$30.00	Sep 18	$0.12	0.14	8.1%	0.43%	8.54%	432	42.3K
$29.00	Aug 28	$0.10	0.23	4.5%	0.36%	4.86%	92	649
$28.00	Aug 21	$0.20	0.43	0.9%	0.72%	1.62%	13.3K	120.4K
$29.00	Aug 21	$0.06	0.14	4.5%	0.22%	4.72%	7.3K	133.6K
$28.00	Sep 11	$0.11	0.36	0.9%	0.40%	1.30%	4	--

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 44,942

Total Puts 94,584

Put/Call Ratio 2.10

Net Difference -49,642

Prior's Put/Call Breakdown

Total Calls 63,574

Total Puts 37,885

Put/Call Ratio 0.60

Net Difference 25,689

Prior 7-Day Put/Call Summary

Total Calls 324,342

Total Puts 334,797

Average Put/Call Ratio 1.17

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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Option Volume

Dollar Volume

Put/Call Ratio

Open Interest

Expected Move

Relative Spread

🤖 AI Insights

📈 Options Analysis

Current 5-Minute Volume Snapshots

Prior's 5-Minute Volume Snapshots

Current Put/Call Breakdown

Prior's Put/Call Breakdown

Prior 7-Day Put/Call Summary

Daily Put/Call History (Last 7 Days)

Upcoming Earnings - 2 Weeks Prior

Upcoming Earnings - 1 Week Prior

Earnings This Week

Earnings - Day Before / Day After

Options Activity Around Earnings

Chart Title

Price — Past 7 Days

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