Tour v509
WBD
WARNER BROS DISCOVER Series A
$27.93 -0.21%
$27.92 (-0.04%)🌙
as of 08/17 07:15 PM
(8/14 19:14) ◀
|
Monday, August 17, 2026 (7:15pm)
January 2026
|
▶ (8/18 19:14)
◀ 8/17 19:15 ▶

Option Volume

Detail
ℹ
Current (08/17) 52,457
Calls: 18,605 (35%)
Puts: 33,852 (65%)
Prior (08/14) 116,243
Calls: 24,799 (21%)
Puts: 91,444 (79%)
Current vs Prior -54.87%
Calls: -24.98% (Calls)
Puts: -62.98% (Puts)
Prior 7-Day Total 706,747
Calls: 329,581 (47%)
Puts: 377,166 (53%)
Prior 7-Day Average 100,963
Calls: 47,083 (47%)
Puts: 53,880 (53%)
Current vs Prior 7-Day Avg -48.04%
Calls: -60.48%
Puts: -37.17%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (08/17) $1.95M
Calls: $1.05M (54%)
Puts: $897.8K (46%)
Prior (08/14) $3.12M
Calls: $1.48M (47%)
Puts: $1.64M (53%)
Current vs Prior -37.54%
Calls: -28.77%
Puts: -45.40%
Prior 7-Day Total $36.38M
Calls: $19.94M (55%)
Puts: $16.44M (45%)
Prior 7-Day Average $5.20M
Calls: $2.85M (55%)
Puts: $2.35M (45%)
Current vs Prior 7-Day Avg -62.50%
Calls: -63.10%
Puts: -61.77%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/17) 1.82
Prior (08/14) 3.69
Current vs Prior -50.66%
Prior 7-Day Average 1.35
Current vs Prior 7-Day Avg +34.58%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (08/17) 1,801,537
Calls: 701,665 (39%)
Puts: 1,099,872 (61%)
Prior (08/14) 1,895,179
Calls: 787,762 (42%)
Puts: 1,107,417 (58%)
Current vs Prior -4.94%
Prior 7-Day Total 13,787,047
Calls: 5,429,739 (39%)
Puts: 8,357,308 (61%)
Prior 7-Day Average 1,969,578
Calls: 775,677 (39%)
Puts: 1,193,901 (61%)
Current vs Prior 7-Day Avg -8.53%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (08/21) | Next (08/28)Expiry (08/21) | Next (09/18)
Current 2.83% | 8.13%2.83% | 6.59%
Prior 2.89% | 7.86%2.89% | 6.40%
Current vs Prior -2.26% | +3.40%-2.26% | +3.01%
Prior 7-Day Avg 3.06% | 5.03%4.38% | 7.34%
Current vs 7-Day Avg -7.42% | +61.51%-35.38% | -10.20%
Prior 7-Day Eod 2.89% | 7.86%2.89% | 6.40%
Current vs 7-Day Eod -2.26% | +3.40%-2.26% | +3.01%
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 59.52% | 103.57%
Calls: 59.52% | 103.57%
Puts: 59.52% | 103.57%
Current vs 7-Day Avg +0.00% | -0.00%
Liquidity Expensive
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🤖 AI Insights

Below-average activity with volume down 55% vs prior. Extreme bearish P/C ratio of 1.82 - heavy put buying. P/C ratio dropping 51% - sentiment shifting bullish. Put-heavy open interest (1,099,872 puts vs 701,665 calls) suggests hedging or bearish positioning.

Smart Money BULLISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BEARISH
7-Day Avg BULLISH
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. 1 found (avg $0.32, cheapest $0.32)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Sep 180.300.34$0.3212.5%2000.3040.6K
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 19 found (avg delta 0.83, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$27.00Aug 280.243.10$1.67171.3%21.00--
$27.00Sep 110.293.25$1.77167.2%41.00--
$24.00Aug 212.906.05$4.4770.5%20.99--
$25.00Aug 211.424.95$3.19110.7%10.99--
$25.50Aug 210.403.45$1.93158.0%20.98--
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Aug 210.213.25$1.73175.7%10.86--
$28.00Aug 210.060.50$0.28157.1%390.523.2K

Most actively traded options today. High liquidity = easy entry/exit. 58 active (total vol 15.7K, top 4.2K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$28.00Aug 210.210.30$0.2634.6%4.2K0.48119.3K
$29.00Aug 210.070.09$0.0825.0%2.7K0.16134.7K
$31.50Aug 210.000.01$0.01100.0%7680.01270
$32.00Sep 180.010.02$0.0250.0%7560.025.5K
$29.00Aug 280.090.12$0.1127.3%7350.15713
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$27.50Aug 210.040.17$0.11118.2%1.1K0.251.1K
$27.00Aug 280.000.10$0.05200.0%1.0K0.215
$26.00Sep 180.100.15$0.1338.5%4730.1325.0K
$27.00Aug 210.010.05$0.03133.3%3310.0911.2K
$27.00Sep 180.220.35$0.2846.4%1550.2715.3K

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 48.3%, max 62.2%)

CALLS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$29.00Aug 21Sep 1834.2%21.1%62.2%2.9K175.3K
$28.00Aug 21Sep 1823.6%16.7%41.3%4.3K176.3K
PUTS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$28.00Aug 21Sep 1823.6%16.7%41.3%403.2K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 16 found (best R:R 4.56, avg 3.89)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$26.00$27.00Sep 4$0.18$0.82$0.1894%4.56$26.18
$27.00$27.50Sep 4$0.26$0.24$0.2671%0.92$27.26
$27.50$28.00Aug 21$0.25$0.25$0.2575%1.00$27.75
$28.00$28.50Aug 21$0.11$0.39$0.1148%3.55$28.11
$28.00$29.00Sep 18$0.33$0.67$0.3351%2.03$28.33
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$28.00$27.00Sep 18$0.27$0.73$0.2749%2.70$27.73
$28.00$27.50Aug 21$0.17$0.33$0.1752%1.94$27.83
$27.00$26.00Sep 18$0.15$0.85$0.1527%5.67$26.85
$27.00$26.00Sep 11$0.18$0.82$0.1837%4.56$26.82
$26.50$26.00Aug 21$0.14$0.36$0.1417%2.57$26.36

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 11 found (best R:R 3.17, avg 0.55)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$30.50$31.00Aug 28$0.38$0.38$0.1279%3.17$30.88
$28.00$29.00Aug 28$0.39$0.39$0.6158%0.64$28.39
$30.00$31.00Sep 25$0.18$0.18$0.8282%0.22$30.18
$30.00$32.00Sep 18$0.11$0.11$1.8985%0.06$30.11
$29.00$30.00Sep 11$0.18$0.18$0.8276%0.22$29.18
BULL PUT (3)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$26.50$26.00Aug 21$0.14$0.14$0.3683%0.39$26.36
$27.00$26.00Sep 11$0.18$0.18$0.8263%0.22$26.82
$27.00$26.00Sep 18$0.15$0.15$0.8573%0.18$26.85

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.26, cheapest $0.27)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$28.00Aug 21Aug 28$0.2423.6%39.0%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$28.00Aug 21Sep 18$0.2723.6%16.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 12 found (cheapest 1.93% of stock, avg 5.32%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$28.00Aug 21$0.26$0.28$0.54$27.46$28.541.93%
$27.50Aug 21$0.51$0.11$0.62$26.88$28.122.22%
$28.00Sep 18$0.65$0.55$1.20$26.80$29.204.30%
$26.00Sep 18$1.22$0.13$1.35$24.65$27.354.83%
$26.50Aug 21$1.35$0.15$1.50$25.00$28.005.37%
$27.00Aug 21$1.47$0.03$1.50$25.50$28.505.37%
$27.00Sep 18$1.29$0.28$1.57$25.43$28.575.62%
$27.00Aug 28$1.67$0.05$1.72$25.28$28.726.16%
$29.00Aug 21$0.08$1.73$1.81$27.19$30.816.48%
$26.00Sep 4$1.90$0.08$1.98$24.02$27.987.09%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 35 found (cheapest 0.21% of stock, avg 1.24%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$30.00$27.00Aug 21$0.03$0.03$0.06$26.94$30.06
$29.50$27.00Aug 21$0.04$0.03$0.07$26.93$29.57
$29.00$27.00Aug 21$0.08$0.03$0.11$26.89$29.11
$30.00$27.00Aug 28$0.06$0.05$0.11$26.89$30.11
$29.00$27.00Aug 28$0.11$0.05$0.16$26.84$29.16
$30.00$27.50Aug 21$0.03$0.11$0.14$27.36$30.14
$29.50$27.50Aug 21$0.04$0.11$0.15$27.35$29.65
$30.00$26.00Sep 11$0.12$0.07$0.19$25.81$30.19
$30.00$26.50Aug 21$0.03$0.15$0.18$26.32$30.18
$29.50$26.50Aug 21$0.04$0.15$0.19$26.31$29.69

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 2 found (best R:R 0.52, avg credit $0.30)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
26/2729/30Sep 18$0.34$0.6644%0.52$26.66$29.34
26/2730/32Sep 18$0.26$1.7459%0.15$26.74$30.26

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 7 found (best R:R 7.33, cheapest $0.09)

CALLS (4)
LowMidHighExpiryDebitMax GainPOPR:R
$28.00$29.00$30.00Sep 18$0.14$0.8637%6.14
$27.50$28.00$28.50Aug 21$0.14$0.3647%2.57
$27.00$28.00$29.00Aug 28$0.78$0.2285%0.28
$27.00$28.00$29.00Sep 18$0.31$0.6944%2.23
PUTS (3)
LowMidHighExpiryDebitMax GainPOPR:R
$26.00$27.00$28.00Sep 18$0.12$0.8836%7.33
$27.00$27.50$28.00Aug 21$0.09$0.4143%4.56
$26.50$27.00$27.50Aug 21$0.20$0.308%1.50

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 $-0.07, 3 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$27.00$29.001:2Sep 11$1.17$0.83
$27.00$28.001:2Aug 28$0.67$0.33
$29.00$30.001:2Sep 18$0.06$0.94
$29.00$30.001:2Sep 11$0.06$0.94
$27.00$27.501:2Aug 21$0.45$0.05
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$26.00$24.001:2Sep 18-$0.07$1.93
$27.00$26.501:2Aug 21-$0.27$0.23
$24.00$23.001:2Sep 18-$0.34$0.66
$28.00$27.501:2Aug 21$0.06$0.44
$27.00$26.001:2Sep 11$0.11$0.89

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 10 found (best yield 0.25%, avg 0.69%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$29.50Aug 28$0.070.375.6%0.25%5.87%87--
$29.00Sep 18$0.300.303.8%1.07%4.91%20040.6K
$28.00Sep 18$0.540.510.2%1.93%2.18%10457.0K
$30.00Sep 18$0.110.157.4%0.39%7.81%42845.8K
$29.00Sep 11$0.120.243.8%0.43%4.26%2135
$28.00Aug 28$0.300.420.2%1.07%1.32%42135
$28.50Aug 21$0.120.282.0%0.43%2.47%215371
$29.00Aug 28$0.090.153.8%0.32%4.15%735713
$28.00Aug 21$0.210.480.2%0.75%1.00%4.2K119.3K
$29.00Aug 21$0.070.163.8%0.25%4.08%2.7K134.7K

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 18,605
Total Puts 33,852
Put/Call Ratio 1.82
Net Difference -15,247

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 329,581
Total Puts 377,166
Average Put/Call Ratio 1.35
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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