Tour v509
WBD
WARNER BROS DISCOVER Series A
$28.48 +1.97%
$28.49 (+0.05%)🌙
as of 08/18 07:14 PM
(8/17 19:15) ◀
|
Tuesday, August 18, 2026 (7:14pm)
January 2026
|
▶ (8/19 19:13)
◀ 8/18 19:14 ▶

Option Volume

Detail
ℹ
Current (08/18) 100,335
Calls: 57,737 (58%)
Puts: 42,598 (42%)
Prior (08/17) 52,457
Calls: 18,605 (35%)
Puts: 33,852 (65%)
Current vs Prior +91.27%
Calls: +210.33% (Calls)
Puts: +25.84% (Puts)
Prior 7-Day Total 620,878
Calls: 269,317 (43%)
Puts: 351,561 (57%)
Prior 7-Day Average 88,696
Calls: 38,473 (43%)
Puts: 50,223 (57%)
Current vs Prior 7-Day Avg +13.12%
Calls: +50.07%
Puts: -15.18%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/18) $5.45M
Calls: $4.27M (78%)
Puts: $1.17M (22%)
Prior (08/17) $1.95M
Calls: $1.05M (54%)
Puts: $897.8K (46%)
Current vs Prior +179.43%
Calls: +306.62%
Puts: +30.57%
Prior 7-Day Total $30.70M
Calls: $16.63M (54%)
Puts: $14.07M (46%)
Prior 7-Day Average $4.39M
Calls: $2.38M (54%)
Puts: $2.01M (46%)
Current vs Prior 7-Day Avg +24.16%
Calls: +79.88%
Puts: -41.68%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/18) 0.74
Prior (08/17) 1.82
Current vs Prior -59.45%
Prior 7-Day Average 1.50
Current vs Prior 7-Day Avg -50.95%
Sentiment NEUTRAL

Open Interest

Detail
ℹ
Current (08/18) 2,281,816
Calls: 854,840 (37%)
Puts: 1,426,976 (63%)
Prior (08/17) 1,801,537
Calls: 701,665 (39%)
Puts: 1,099,872 (61%)
Current vs Prior +26.66%
Prior 7-Day Total 12,846,808
Calls: 5,198,962 (40%)
Puts: 7,647,846 (60%)
Prior 7-Day Average 1,835,258
Calls: 742,708 (40%)
Puts: 1,092,549 (60%)
Current vs Prior 7-Day Avg +24.33%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (08/21) | Next (08/28)Expiry (08/21) | Next (09/18)
Current 3.76% | 3.34%3.76% | 8.11%
Prior 2.83% | 8.13%2.83% | 6.59%
Current vs Prior +32.83% | -58.96%+32.83% | +23.12%
Prior 7-Day Avg 3.17% | 5.78%4.32% | 7.22%
Current vs 7-Day Avg +18.43% | -42.31%-12.94% | +12.30%
Prior 7-Day Eod 2.83% | 8.13%2.83% | 6.59%
Current vs 7-Day Eod +32.83% | -58.96%+32.83% | +23.12%
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 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

Strong bullish conviction with 78% of dollar volume in calls ($4.27M) vs puts ($1.17M). Massive premium surge with dollar volume up 179% vs prior. Above-average activity with volume up 91% vs prior. P/C ratio dropping 59% - sentiment shifting bullish.

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 BULLISH
Current BULLISH
Prior BEARISH
7-Day Avg NEUTRAL
Current NEUTRAL
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 $0.21, cheapest $0.21)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Aug 210.190.22$0.2114.3%8.2K0.32134.8K
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 30 found (avg delta 0.79, highest 0.99)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$23.00Aug 213.907.50$5.7063.2%60.995
$24.00Aug 212.434.95$3.6968.3%10.9927
$24.50Aug 211.935.65$3.7998.2%20.9930
$25.00Aug 212.694.00$3.3539.1%10.99--
$27.00Aug 280.222.49$1.36166.9%490.9952
PUTS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$30.00Aug 280.173.65$1.91182.2%250.89--
$29.50Aug 280.023.20$1.61197.5%250.7035
$29.00Sep 180.631.75$1.1994.1%10.59--
$28.50Aug 280.050.70$0.38171.1%10.53--

Most actively traded options today. High liquidity = easy entry/exit. 73 active (total vol 54.6K, top 15.4K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Sep 180.530.66$0.6021.7%15.4K0.4040.7K
$29.00Aug 210.190.22$0.2114.3%8.2K0.32134.8K
$28.00Aug 210.450.75$0.6050.0%4.0K0.76118.7K
$30.00Sep 180.200.30$0.2540.0%3.5K0.2345.7K
$28.00Sep 181.041.20$1.1214.3%2.2K0.5957.1K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$28.00Aug 210.000.22$0.11200.0%11.5K0.243.3K
$27.00Sep 180.220.30$0.2630.8%1.3K0.2215.3K
$28.00Sep 180.350.95$0.6592.3%1.2K0.413.2K
$27.50Aug 210.010.05$0.03133.3%9140.091.9K
$27.00Aug 210.000.02$0.01200.0%6690.0311.1K

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 82.2%, max 142.6%)

CALLS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$28.50Aug 21Aug 2846.5%19.2%142.6%1.0K423
$29.00Aug 21Oct 239.5%21.1%87.2%8.2K134.8K
PUTS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$28.00Aug 21Sep 1829.5%25.3%16.7%12.7K6.5K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 22 found (best R:R 2.12, avg 2.40)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$27.00$27.50Aug 28$0.16$0.34$0.1699%2.12$27.16
$28.00$28.50Aug 21$0.11$0.39$0.1176%3.55$28.11
$27.00$28.00Sep 18$0.60$0.40$0.6079%0.67$27.60
$27.00$30.00Sep 25$1.35$1.65$1.3583%1.22$28.35
$29.00$30.00Sep 11$0.15$0.85$0.1530%5.67$29.15
BEAR PUT (4)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$30.00$29.50Aug 28$0.30$0.20$0.3089%0.67$29.70
$29.00$28.00Sep 18$0.54$0.46$0.5460%0.85$28.46
$26.00$25.00Sep 18$0.17$0.83$0.1717%4.88$25.83
$28.00$27.00Sep 18$0.39$0.61$0.3941%1.56$27.61

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 12 found (best R:R 0.36, avg 0.44)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$29.00$31.00Oct 2$0.53$0.53$1.4761%0.36$29.53
$30.50$31.00Aug 28$0.22$0.22$0.2881%0.79$30.72
$30.00$31.00Sep 18$0.23$0.23$0.7778%0.30$30.23
$30.00$31.00Sep 25$0.17$0.17$0.8380%0.20$30.17
$30.00$31.00Sep 11$0.13$0.13$0.8785%0.15$30.13
BULL PUT (2)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$28.00$27.00Sep 18$0.39$0.39$0.6159%0.64$27.61
$26.00$25.00Sep 18$0.17$0.17$0.8383%0.20$25.83

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 1 found (avg debit $0.09, cheapest $0.09)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$29.00Aug 21Aug 28$0.0939.5%28.7%
PUTS (0)
No puts found

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 16 found (cheapest 2.46% of stock, avg 6.06%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$28.50Aug 28$0.32$0.38$0.70$27.80$29.202.46%
$28.00Aug 21$0.60$0.11$0.71$27.29$28.712.49%
$27.50Aug 21$1.04$0.03$1.07$26.43$28.573.76%
$27.50Aug 28$1.20$0.08$1.28$26.22$28.784.49%
$27.00Aug 28$1.36$0.03$1.39$25.61$28.394.88%
$27.00Aug 21$1.44$0.01$1.45$25.55$28.455.09%
$28.00Aug 28$0.57$1.11$1.68$26.32$29.685.90%
$28.00Sep 18$1.12$0.65$1.77$26.23$29.776.21%
$29.00Sep 18$0.60$1.19$1.79$27.21$30.796.29%
$30.00Aug 28$0.07$1.91$1.98$28.02$31.986.95%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 40 found (cheapest 0.21% of stock, avg 1.82%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$30.50$27.50Aug 21$0.03$0.03$0.06$27.44$30.56
$30.50$26.50Aug 21$0.03$0.04$0.07$26.43$30.57
$30.00$27.50Aug 21$0.05$0.03$0.08$27.42$30.08
$30.00$26.50Aug 21$0.05$0.04$0.09$26.41$30.09
$30.00$27.00Aug 28$0.07$0.03$0.10$26.90$30.10
$29.50$27.50Aug 21$0.07$0.03$0.10$27.40$29.60
$29.50$26.50Aug 21$0.07$0.04$0.11$26.39$29.61
$30.00$27.50Aug 28$0.07$0.08$0.15$27.35$30.15
$30.50$28.00Aug 21$0.03$0.11$0.14$27.86$30.64
$30.00$28.00Aug 21$0.05$0.11$0.16$27.84$30.16

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 1 found (best R:R 0.67, avg credit $0.40)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
25/2630/31Sep 18$0.40$0.6060%0.67$25.60$30.40

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 18 found (best R:R 11.50, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$27.00$28.00$29.00Sep 18$0.08$0.9239%11.50
$29.00$30.00$31.00Sep 18$0.12$0.8837%7.33
$28.00$29.00$30.00Sep 18$0.17$0.8337%4.88
$28.00$29.00$30.00Sep 11$0.26$0.7443%2.85
$28.50$29.00$29.50Aug 21$0.14$0.3637%2.57
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$27.00$28.00$29.00Sep 18$0.15$0.8537%5.67
$27.00$27.50$28.00Aug 21$0.06$0.4421%7.33
$26.50$27.00$27.50Aug 21$0.05$0.453%9.00
$24.00$25.00$26.00Sep 18$0.17$0.8311%4.88
$26.00$27.00$28.00Sep 18$0.40$0.6024%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. 34 found (best net $-0.08, 16 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$28.00$29.001:2Sep 18-$0.08$0.92
$27.50$28.001:2Aug 21-$0.16$0.34
$28.00$28.501:2Aug 28-$0.07$0.43
$27.00$28.001:2Sep 18-$0.52$0.48
$26.00$27.001:2Sep 18-$0.66$0.34
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$29.00$28.001:2Sep 18-$0.11$0.89
$25.50$23.501:2Aug 21-$0.06$1.94
$25.00$24.001:2Sep 18-$0.10$0.90
$27.00$26.501:2Aug 21-$0.07$0.43
$27.00$26.001:2Sep 18-$0.28$0.72

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 7 found (best yield 1.86%, avg 0.86%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$29.00Sep 18$0.530.401.8%1.86%3.69%15.4K40.7K
$30.00Sep 18$0.200.235.3%0.70%6.04%3.5K45.7K
$29.00Aug 28$0.260.341.8%0.91%2.74%3031.4K
$28.50Aug 21$0.350.510.1%1.23%1.30%1.0K423
$29.00Aug 21$0.190.321.8%0.67%2.49%8.2K134.8K
$29.00Sep 11$0.080.291.8%0.28%2.11%27--
$28.50Aug 28$0.100.470.1%0.35%0.42%8--

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 57,737
Total Puts 42,598
Put/Call Ratio 0.74
Net Difference 15,139

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 269,317
Total Puts 351,561
Average Put/Call Ratio 1.50
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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