Tour v526
WBD
WARNER BROS DISCOVER Series A
$28.53 +0.18%
$28.00 (-1.86%)🌙
as of 08/19 07:13 PM
(8/18 19:14) ◀
|
Wednesday, August 19, 2026 (7:13pm)
January 2026
|
▶ (8/20 19:17)
◀ 8/19 19:13 ▶

Option Volume

Detail
ℹ
Current (08/19) 65,211
Calls: 43,877 (67%)
Puts: 21,334 (33%)
Prior (08/18) 100,335
Calls: 57,737 (58%)
Puts: 42,598 (42%)
Current vs Prior -35.01%
Calls: -24.01% (Calls)
Puts: -49.92% (Puts)
Prior 7-Day Total 610,131
Calls: 265,661 (44%)
Puts: 344,470 (56%)
Prior 7-Day Average 87,161
Calls: 37,951 (44%)
Puts: 49,210 (56%)
Current vs Prior 7-Day Avg -25.18%
Calls: +15.61%
Puts: -56.65%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/19) $2.75M
Calls: $1.91M (70%)
Puts: $835.8K (30%)
Prior (08/18) $5.45M
Calls: $4.27M (78%)
Puts: $1.17M (22%)
Current vs Prior -49.58%
Calls: -55.31%
Puts: -28.70%
Prior 7-Day Total $28.80M
Calls: $16.79M (58%)
Puts: $12.00M (42%)
Prior 7-Day Average $4.11M
Calls: $2.40M (58%)
Puts: $1.71M (42%)
Current vs Prior 7-Day Avg -33.26%
Calls: -20.39%
Puts: -51.25%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/19) 0.49
Prior (08/18) 0.74
Current vs Prior -34.10%
Prior 7-Day Average 1.49
Current vs Prior 7-Day Avg -67.46%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/19) 1,666,209
Calls: 851,445 (51%)
Puts: 814,764 (49%)
Prior (08/18) 2,281,816
Calls: 854,840 (37%)
Puts: 1,426,976 (63%)
Current vs Prior -26.98%
Prior 7-Day Total 13,576,922
Calls: 5,425,708 (40%)
Puts: 8,151,214 (60%)
Prior 7-Day Average 1,939,560
Calls: 775,101 (40%)
Puts: 1,164,459 (60%)
Current vs Prior 7-Day Avg -14.09%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/21) | Next (08/28)Expiry (08/21) | Next (09/18)
Current 2.77% | 6.13%2.77% | 6.87%
Prior 3.76% | 3.34%3.76% | 8.11%
Current vs Prior -26.30% | +83.89%-26.30% | -15.30%
Prior 7-Day Avg 3.41% | 5.89%4.48% | 7.44%
Current vs 7-Day Avg -18.81% | +4.13%-38.25% | -7.62%
Prior 7-Day Eod 3.76% | 3.34%3.76% | 8.11%
Current vs 7-Day Eod -26.30% | +83.89%-26.30% | -15.30%
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
+
Add Card

🤖 AI Insights

Moderately bullish flow with 70% call dollar volume ($1.91M). Extreme bullish P/C ratio of 0.49 - heavy call buying (43,877 calls vs 21,334 puts). P/C ratio dropping 34% - sentiment shifting bullish. Declining open interest (down 27%) indicates positions being closed.

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 BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current NEUTRAL
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 1 of results (avg 9.1%, best 9.1%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Aug 210.100.11$0.119.1%18.4K0.28136.4K
PUTS (0)
No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 3 found (avg $0.32, cheapest $0.11)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Aug 210.100.11$0.119.1%18.4K0.28136.4K
$29.00Sep 180.550.64$0.6015.0%6.6K0.4355.6K
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$27.00Sep 180.230.26$0.2512.0%2.7K0.2016.6K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 21 found (avg delta 0.77, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$23.50Aug 213.407.15$5.2871.0%121.002
$26.00Aug 211.803.15$2.4854.4%40.997.4K
$26.50Aug 210.793.35$2.07123.7%490.99357
$27.00Aug 211.091.85$1.4751.7%1820.9615.1K
$25.00Sep 182.884.50$3.6943.9%20.94--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Aug 210.140.88$0.51145.1%520.8041
$29.00Aug 280.002.75$1.38199.3%20.68--
$29.00Sep 110.002.83$1.42199.3%150.6030
$28.50Sep 40.002.47$1.24199.2%500.59--
$29.00Sep 180.381.43$0.91115.4%50.57313

Most actively traded options today. High liquidity = easy entry/exit. 52 active (total vol 39.9K, top 18.4K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Aug 210.100.11$0.119.1%18.4K0.28136.4K
$29.00Sep 180.550.64$0.6015.0%6.6K0.4355.6K
$30.00Aug 210.010.02$0.0250.0%4.0K0.0550.5K
$29.00Aug 280.150.25$0.2050.0%1.2K0.321.6K
$30.00Sep 180.200.25$0.2321.7%1.0K0.2345.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$27.00Sep 180.230.26$0.2512.0%2.7K0.2016.6K
$28.00Sep 180.350.52$0.4438.6%1.0K0.354.2K
$27.50Sep 40.000.15$0.08187.5%5060.20--
$24.00Sep 180.000.14$0.07200.0%5000.053.8K
$27.50Aug 280.000.05$0.03166.7%4050.08500

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 50.6%, max 72.7%)

CALLS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$29.00Aug 21Oct 229.5%17.1%72.7%18.5K136.4K
PUTS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$28.00Aug 21Sep 1833.2%21.5%54.3%1.0K13.1K
$29.00Aug 21Sep 1829.5%23.6%24.8%57354

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 18 found (best R:R 1.22, avg 3.56)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$28.00$29.00Sep 18$0.45$0.55$0.4565%1.22$28.45
$28.00$28.50Aug 21$0.29$0.21$0.2983%0.72$28.29
$28.50$29.00Aug 21$0.17$0.33$0.1762%1.94$28.67
$28.50$29.00Aug 28$0.17$0.33$0.1752%1.94$28.67
$29.00$30.00Aug 28$0.14$0.86$0.1432%6.14$29.14
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$28.00$27.00Sep 18$0.19$0.81$0.1936%4.26$27.81
$29.00$28.00Sep 18$0.47$0.53$0.4757%1.13$28.53
$27.00$25.00Sep 18$0.18$1.82$0.1820%10.11$26.82
$28.00$27.50Aug 28$0.16$0.34$0.1629%2.12$27.84
$29.00$23.00Sep 11$1.40$4.60$1.4060%3.29$27.60

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 11 found (best R:R 1.50, avg 0.41)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$29.00$30.00Sep 11$0.60$0.60$0.4060%1.50$29.60
$29.00$32.00Oct 2$0.41$0.41$2.5962%0.16$29.41
$30.00$31.00Sep 18$0.21$0.21$0.7977%0.27$30.21
$29.00$30.00Sep 25$0.40$0.40$0.6059%0.67$29.40
$30.00$31.00Sep 25$0.17$0.17$0.8380%0.20$30.17
BULL PUT (3)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$28.00$27.50Aug 28$0.16$0.16$0.3471%0.47$27.84
$27.00$25.00Sep 18$0.18$0.18$1.8280%0.10$26.82
$28.00$27.00Sep 18$0.19$0.19$0.8164%0.23$27.81

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.60, cheapest $0.09)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$28.50Aug 21Aug 28$0.0923.0%18.0%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$28.50Aug 21Sep 4$1.1023.0%27.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 14 found (cheapest 1.47% of stock, avg 4.97%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$28.50Aug 21$0.28$0.14$0.42$28.08$28.921.47%
$29.00Aug 21$0.11$0.51$0.62$28.38$29.622.17%
$28.00Aug 21$0.57$0.07$0.64$27.36$28.642.24%
$27.50Aug 28$0.66$0.03$0.69$26.81$28.192.42%
$28.00Aug 28$0.75$0.19$0.94$27.06$28.943.29%
$27.00Aug 21$1.47$0.02$1.49$25.51$28.495.22%
$28.00Sep 18$1.05$0.44$1.49$26.51$29.495.22%
$29.00Sep 18$0.60$0.91$1.51$27.49$30.515.29%
$29.00Aug 28$0.20$1.38$1.58$27.42$30.585.54%
$28.50Sep 4$0.49$1.24$1.73$26.77$30.236.06%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 15 found (cheapest 0.32% of stock, avg 1.62%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$30.00$27.50Aug 28$0.06$0.03$0.09$27.41$30.09
$29.00$28.00Aug 21$0.11$0.07$0.18$27.82$29.18
$29.00$28.50Aug 21$0.11$0.14$0.25$28.25$29.25
$29.00$27.50Aug 28$0.20$0.03$0.23$27.27$29.23
$30.00$28.00Aug 28$0.06$0.19$0.25$27.75$30.25
$30.00$25.00Sep 18$0.23$0.07$0.30$24.70$30.30
$30.00$24.00Sep 18$0.23$0.07$0.30$23.70$30.30
$29.00$28.00Aug 28$0.20$0.19$0.39$27.61$29.39
$30.00$27.00Sep 18$0.23$0.25$0.48$26.52$30.48
$28.50$27.50Sep 4$0.49$0.08$0.57$26.93$29.07

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 2 found (best R:R 0.43, avg credit $0.34)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
28/2829/30Aug 28$0.30$0.7038%0.43$27.70$29.30
25/2730/31Sep 18$0.39$1.6157%0.24$26.61$30.39

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 10 found (best R:R 11.50, cheapest $0.08)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$28.00$29.00$30.00Sep 18$0.08$0.9242%11.50
$29.00$30.00$31.00Sep 18$0.16$0.8440%5.25
$28.00$28.50$29.00Aug 21$0.12$0.3855%3.17
$29.00$30.00$31.00Sep 25$0.23$0.7737%3.35
$27.00$28.00$29.00Sep 18$0.30$0.7036%2.33
PUTS (2)
LowMidHighExpiryDebitMax GainPOPR:R
$27.00$28.00$29.00Sep 18$0.28$0.7237%2.57
$28.00$28.50$29.00Aug 21$0.30$0.2062%0.67

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 26 found (best net $-0.30, 5 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$27.00$28.001:2Sep 18-$0.30$0.70
$28.00$29.001:2Sep 18-$0.15$0.85
$31.00$32.001:2Sep 18$0.00$1.00
$23.50$26.001:2Aug 21$0.32$2.18
$25.00$27.001:2Sep 18$0.09$1.91
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$28.00$27.001:2Sep 18-$0.06$0.94
$25.00$24.001:2Sep 18-$0.07$0.93
$29.00$28.501:2Aug 21$0.23$0.27
$27.00$25.001:2Sep 18$0.11$1.89
$28.00$27.501:2Aug 28$0.13$0.37

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 5 found (best yield 1.93%, avg 1.06%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$29.00Sep 18$0.550.431.6%1.93%3.58%6.6K55.6K
$29.00Sep 25$0.510.411.6%1.79%3.43%10030
$30.00Sep 18$0.200.235.2%0.70%5.85%1.0K45.6K
$29.00Aug 28$0.150.321.6%0.53%2.17%1.2K1.6K
$29.00Aug 21$0.100.281.6%0.35%2.00%18.4K136.4K

Current 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
Loading data...

Prior's 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
Loading data...

Current Put/Call Breakdown

Total Calls 43,877
Total Puts 21,334
Put/Call Ratio 0.49
Net Difference 22,543

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 265,661
Total Puts 344,470
Average Put/Call Ratio 1.49
Ratio Trend Falling

Daily Put/Call History (Last 7 Days)

Date Calls Puts Ratio Net Diff
Loading data...

Upcoming Earnings - 2 Weeks Prior

Loading earnings data...

Upcoming Earnings - 1 Week Prior

Loading earnings data...

Earnings This Week

Loading earnings data...

Earnings - Day Before / Day After

Loading earnings data...

Options Activity Around Earnings

Ticker Earnings Date Days Away Call Volume Put Volume IV Rank
Loading data...

Chart Title

Price — Past 7 Days

Add Card

CI/CD Results
App Log
Loading...
Requests
New Request
View All