Tour v509
WBD
WARNER BROS DISCOVER Series A
$27.99 +0.86%
$27.75 (-0.86%)🌙
as of 08/14 07:14 PM
(8/13 19:15) ◀
|
Friday, August 14, 2026 (7:14pm)
January 2026
|
▶ (8/17 19:15)
◀ 8/14 19:14 ▶

Option Volume

Detail
ℹ
Current (08/14) 116,243
Calls: 24,799 (21%)
Puts: 91,444 (79%)
Prior (08/13) 139,526
Calls: 44,942 (32%)
Puts: 94,584 (68%)
Current vs Prior -16.69%
Calls: -44.82% (Calls)
Puts: -3.32% (Puts)
Prior 7-Day Total 694,364
Calls: 334,302 (48%)
Puts: 360,062 (52%)
Prior 7-Day Average 99,194
Calls: 47,757 (48%)
Puts: 51,437 (52%)
Current vs Prior 7-Day Avg +17.19%
Calls: -48.07%
Puts: +77.78%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (08/14) $3.12M
Calls: $1.48M (47%)
Puts: $1.64M (53%)
Prior (08/13) $8.10M
Calls: $2.72M (34%)
Puts: $5.37M (66%)
Current vs Prior -61.46%
Calls: -45.79%
Puts: -69.40%
Prior 7-Day Total $41.11M
Calls: $20.12M (49%)
Puts: $20.99M (51%)
Prior 7-Day Average $5.87M
Calls: $2.87M (49%)
Puts: $3.00M (51%)
Current vs Prior 7-Day Avg -46.87%
Calls: -48.66%
Puts: -45.16%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (08/14) 3.69
Prior (08/13) 2.10
Current vs Prior +75.21%
Prior 7-Day Average 1.19
Current vs Prior 7-Day Avg +211.18%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (08/14) 1,895,179
Calls: 787,762 (42%)
Puts: 1,107,417 (58%)
Prior (08/13) 1,966,102
Calls: 785,367 (40%)
Puts: 1,180,735 (60%)
Current vs Prior -3.61%
Prior 7-Day Total 13,569,115
Calls: 5,100,442 (38%)
Puts: 8,468,673 (62%)
Prior 7-Day Average 1,938,445
Calls: 728,634 (38%)
Puts: 1,209,810 (62%)
Current vs Prior 7-Day Avg -2.23%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (08/14) | Next (08/21)Expiry (08/21) | Next (09/18)
Current 1.75% | 2.89%2.89% | 6.40%
Prior 2.67% | 3.10%3.10% | 7.03%
Current vs Prior +8.52% | +153.62%-6.62% | -8.99%
Prior 7-Day Avg 3.26% | 6.75%5.60% | 7.23%
Current vs 7-Day Avg -11.17% | +16.48%-48.35% | -11.50%
Prior 7-Day Eod 2.67% | 3.10%3.10% | 7.03%
Current vs 7-Day Eod +8.52% | +153.62%-6.62% | -8.99%
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 66.80% | 128.76%
Calls: 73.82% | 136.20%
Puts: 61.29% | 227.78%
Current vs 7-Day Avg -10.90% | -19.56%
Liquidity Expensive
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🤖 AI Insights

Light premium activity with dollar volume down 61% vs prior. Extreme bearish P/C ratio of 3.69 - heavy put buying. P/C ratio rising 75% - 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 BEARISH
7-Day Avg BEARISH
Current BEARISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BEARISH
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 -- 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. 3 found (avg $0.31, cheapest $0.36)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$28.00Aug 210.320.39$0.3619.4%4.1K0.54117.7K
$30.00Sep 180.170.20$0.1915.8%5.1K0.1942.5K
$29.00Sep 180.350.40$0.3813.2%5.1K0.3535.4K
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 23 found (avg delta 0.82, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$24.00Aug 142.716.05$4.3876.3%21.003
$26.00Aug 140.994.05$2.52121.4%11.001.0K
$26.50Aug 140.533.50$2.02147.0%151.0070
$27.00Aug 140.803.05$1.92117.2%571.001.5K
$27.50Aug 140.010.70$0.36191.7%131.001.1K
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$28.50Aug 140.012.63$1.32198.5%100.9641
$28.00Aug 140.000.26$0.13200.0%170.6313

Most actively traded options today. High liquidity = easy entry/exit. 63 active (total vol 44.3K, top 15.0K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Sep 180.350.40$0.3813.2%5.1K0.3535.4K
$30.00Sep 180.170.20$0.1915.8%5.1K0.1942.5K
$28.00Aug 210.320.39$0.3619.4%4.1K0.54117.7K
$28.00Sep 180.501.01$0.7667.1%2.5K0.6057.5K
$27.00Aug 210.331.45$0.89125.8%5270.9015.1K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$23.00Sep 180.010.05$0.03133.3%15.0K0.032.4K
$25.00Sep 180.100.14$0.1233.3%7.7K0.0931.6K
$26.00Aug 210.000.02$0.01200.0%6940.037.0K
$26.00Sep 180.110.23$0.1770.6%4040.1425.0K
$27.50Aug 280.000.39$0.20195.0%4000.34--

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 751.5%, max 751.5%)

CALLS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$28.00Aug 14Sep 18123.0%14.4%751.5%2.8K58.5K
PUTS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$28.00Aug 14Sep 18123.0%14.4%751.5%243.3K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 18 found (best R:R 4.00, avg 3.55)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$26.50$27.00Aug 14$0.10$0.40$0.10100%4.00$26.60
$27.00$28.00Sep 11$0.39$0.61$0.3980%1.56$27.39
$27.50$28.00Aug 21$0.17$0.33$0.1778%1.94$27.67
$27.50$28.00Aug 14$0.29$0.21$0.29100%0.72$27.79
$27.00$28.00Sep 18$0.63$0.37$0.6376%0.59$27.63
BEAR PUT (4)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$28.00$27.50Aug 14$0.10$0.40$0.1063%4.00$27.90
$27.00$26.00Sep 18$0.14$0.86$0.1425%6.14$26.86
$27.50$25.00Aug 28$0.16$2.34$0.1634%14.62$27.34
$28.00$27.50Aug 21$0.18$0.32$0.1847%1.78$27.82

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 11 found (best R:R 1.74, avg 0.46)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$29.00$31.00Sep 25$1.27$1.27$0.7358%1.74$30.27
$29.00$31.00Sep 4$0.36$0.36$1.6473%0.22$29.36
$29.50$30.00Aug 21$0.21$0.21$0.2976%0.72$29.71
$30.00$31.00Sep 18$0.17$0.17$0.8381%0.20$30.17
$29.00$30.00Aug 28$0.13$0.13$0.8777%0.15$29.13
BULL PUT (2)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$27.50$25.00Aug 28$0.16$0.16$2.3466%0.07$27.34
$27.00$26.00Sep 18$0.14$0.14$0.8675%0.16$26.86

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.22, cheapest $0.15)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$28.00Aug 14Aug 21$0.29123.0%19.8%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$28.00Aug 14Aug 21$0.15123.0%19.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 13 found (cheapest 0.71% of stock, avg 4.89%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$28.00Aug 14$0.07$0.13$0.20$27.80$28.200.71%
$27.50Aug 14$0.36$0.03$0.39$27.11$27.891.39%
$27.50Aug 21$0.53$0.10$0.63$26.87$28.132.25%
$28.00Aug 21$0.36$0.28$0.64$27.36$28.642.29%
$27.00Aug 21$0.89$0.04$0.93$26.07$27.933.32%
$28.00Sep 18$0.76$0.40$1.16$26.84$29.164.14%
$28.50Aug 14$0.01$1.32$1.33$27.17$29.834.75%
$27.00Sep 18$1.39$0.31$1.70$25.30$28.706.07%
$27.00Aug 14$1.92$0.01$1.93$25.07$28.936.90%
$26.00Aug 21$2.01$0.01$2.02$23.98$28.027.22%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 29 found (cheapest 0.29% of stock, avg 1.30%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$30.00$27.00Aug 21$0.04$0.04$0.08$26.92$30.08
$30.00$25.00Aug 28$0.06$0.04$0.10$24.90$30.10
$28.00$27.50Aug 14$0.07$0.03$0.10$27.40$28.10
$29.00$27.00Aug 21$0.10$0.04$0.14$26.86$29.14
$30.00$27.50Aug 21$0.04$0.10$0.14$27.36$30.14
$29.00$27.50Aug 21$0.10$0.10$0.20$27.30$29.20
$28.50$27.00Aug 21$0.16$0.04$0.20$26.80$28.70
$29.00$25.00Aug 28$0.19$0.04$0.23$24.77$29.23
$28.50$27.50Aug 21$0.16$0.10$0.26$27.24$28.76
$30.00$24.00Sep 18$0.19$0.10$0.29$23.71$30.29

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 3 found (best R:R 0.45, avg credit $0.31)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
26/2730/31Sep 18$0.31$0.6956%0.45$26.69$30.31
26/2729/30Sep 18$0.33$0.6740%0.49$26.67$29.33
25/2829/30Aug 28$0.29$2.2143%0.13$27.21$29.29

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 17 found (best R:R 1.17, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$27.50$28.00$28.50Aug 14$0.23$0.2796%1.17
$28.00$29.00$30.00Aug 28$0.12$0.8838%7.33
$28.00$29.00$30.00Sep 18$0.19$0.8141%4.26
$26.00$27.00$28.00Sep 18$0.10$0.9027%9.00
$29.00$30.00$31.00Aug 28$0.09$0.9120%10.11
PUTS (4)
LowMidHighExpiryDebitMax GainPOPR:R
$27.00$27.50$28.00Aug 14$0.08$0.4260%5.25
$25.00$26.00$27.00Sep 18$0.09$0.9116%10.11
$27.00$27.50$28.00Aug 21$0.12$0.3837%3.17
$25.00$26.00$27.00Aug 21$0.05$0.956%19.00

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, 14 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$27.00$28.001:2Sep 18-$0.13$0.87
$28.00$29.001:2Sep 18$0.00$1.00
$27.00$27.501:2Aug 21-$0.17$0.33
$29.00$30.001:2Sep 18$0.00$1.00
$26.00$27.001:2Sep 18-$0.66$0.34
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$28.00$27.001:2Sep 18-$0.22$0.78
$26.00$25.001:2Sep 18-$0.07$0.93
$26.00$24.001:2Aug 14-$0.01$1.99
$25.00$24.001:2Sep 18-$0.08$0.92
$28.00$27.501:2Aug 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. 10 found (best yield 1.25%, avg 0.82%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$29.00Sep 18$0.350.353.6%1.25%4.86%5.1K35.4K
$29.00Sep 25$0.150.423.6%0.54%4.14%30--
$30.00Sep 18$0.170.197.2%0.61%7.79%5.1K42.5K
$28.00Sep 18$0.500.600.0%1.79%1.82%2.5K57.5K
$28.00Aug 21$0.320.540.0%1.14%1.18%4.1K117.7K
$28.00Aug 28$0.310.460.0%1.11%1.14%18118
$29.00Aug 28$0.080.233.6%0.29%3.89%176649
$29.00Aug 21$0.060.183.6%0.21%3.82%344134.5K
$28.00Sep 4$0.230.410.0%0.82%0.86%222
$28.00Sep 11$0.130.480.0%0.46%0.50%228

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 24,799
Total Puts 91,444
Put/Call Ratio 3.69
Net Difference -66,645

Prior's Put/Call Breakdown

Total Calls 44,942
Total Puts 94,584
Put/Call Ratio 2.10
Net Difference -49,642

Prior 7-Day Put/Call Summary

Total Calls 334,302
Total Puts 360,062
Average Put/Call Ratio 1.19
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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