Tour v526
WBD
WARNER BROS DISCOVER Series A
$28.55 +1.13%
$28.70 (+0.53%)🌙
as of 08/21 07:19 PM
(8/20 19:17) ◀
|
Friday, August 21, 2026 (7:19pm)
January 2026
|
▶ (8/25 19:15)
◀ 8/21 19:19 ▶

Option Volume

Detail
ℹ
Current (08/21) 72,548
Calls: 41,723 (58%)
Puts: 30,825 (42%)
Prior (08/20) 65,564
Calls: 21,370 (33%)
Puts: 44,194 (67%)
Current vs Prior +10.65%
Calls: +95.24% (Calls)
Puts: -30.25% (Puts)
Prior 7-Day Total 640,795
Calls: 274,904 (43%)
Puts: 365,891 (57%)
Prior 7-Day Average 91,542
Calls: 39,272 (43%)
Puts: 52,270 (57%)
Current vs Prior 7-Day Avg -20.75%
Calls: +6.24%
Puts: -41.03%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/21) $2.31M
Calls: $1.72M (74%)
Puts: $591.5K (26%)
Prior (08/20) $2.03M
Calls: $655.5K (32%)
Puts: $1.38M (68%)
Current vs Prior +13.78%
Calls: +162.42%
Puts: -57.02%
Prior 7-Day Total $28.33M
Calls: $15.87M (56%)
Puts: $12.47M (44%)
Prior 7-Day Average $4.05M
Calls: $2.27M (56%)
Puts: $1.78M (44%)
Current vs Prior 7-Day Avg -42.89%
Calls: -24.11%
Puts: -66.79%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/21) 0.74
Prior (08/20) 2.07
Current vs Prior -64.28%
Prior 7-Day Average 1.64
Current vs Prior 7-Day Avg -55.03%
Sentiment NEUTRAL

Open Interest

Detail
ℹ
Current (08/21) 1,586,814
Calls: 713,797 (45%)
Puts: 873,017 (55%)
Prior (08/20) 1,849,486
Calls: 810,863 (44%)
Puts: 1,038,623 (56%)
Current vs Prior -14.20%
Prior 7-Day Total 13,347,361
Calls: 5,592,154 (42%)
Puts: 7,755,207 (58%)
Prior 7-Day Average 1,906,765
Calls: 798,879 (42%)
Puts: 1,107,886 (58%)
Current vs Prior 7-Day Avg -16.78%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (08/21) | Next (08/28)Expiry (08/21) | Next (09/18)
Current 6.55% | 4.73%6.55% | 6.69%
Prior 3.12% | 6.41%3.12% | 8.04%
Current vs Prior +51.69% | +40.94%+110.11% | -16.80%
Prior 7-Day Avg 3.36% | 5.75%3.40% | 7.29%
Current vs 7-Day Avg +40.89% | +57.03%+92.80% | -8.29%
Prior 7-Day Eod 3.12% | 6.41%3.12% | 8.04%
Current vs 7-Day Eod +51.69% | +40.94%+110.11% | -16.80%
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

Moderately bullish flow with 74% call dollar volume ($1.72M). P/C ratio dropping 64% - 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 BEARISH
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. 2 found (avg $0.57, cheapest $0.58)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$28.00Aug 210.540.62$0.5813.8%3.8K0.77118.3K
$29.00Sep 180.520.60$0.5614.3%4.1K0.4462.5K
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 0.83, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$23.00Aug 213.857.65$5.7566.1%31.009
$24.00Aug 212.476.35$4.4188.0%11.00--
$24.50Aug 212.015.95$3.9899.0%11.00--
$25.00Aug 212.725.30$4.0164.3%111.00--
$26.00Aug 212.104.65$3.3875.4%221.007.4K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Aug 210.002.60$1.30200.0%100.94--
$29.00Aug 280.491.80$1.15113.9%30.77--
$28.50Aug 280.200.39$0.3063.3%1070.702.6K
$28.50Aug 210.000.23$0.12191.7%350.62173
$28.00Aug 210.000.01$0.01100.0%830.588.8K

Most actively traded options today. High liquidity = easy entry/exit. 55 active (total vol 24.3K, top 9.2K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Aug 210.010.02$0.0250.0%9.2K0.07126.8K
$29.00Sep 180.520.60$0.5614.3%4.1K0.4462.5K
$28.00Aug 210.540.62$0.5813.8%3.8K0.77118.3K
$30.00Sep 180.160.22$0.1931.6%2.8K0.2146.3K
$28.50Aug 210.011.13$0.57196.5%8020.441.3K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$28.00Aug 280.050.11$0.0875.0%6040.481.0K
$27.50Sep 40.000.11$0.06183.3%3470.151.2K
$28.50Aug 280.200.39$0.3063.3%1070.702.6K
$27.50Aug 280.000.05$0.03166.7%860.12915
$28.00Aug 210.000.01$0.01100.0%830.588.8K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 5 strikes (avg 2471.5%, max 4524.6%)

CALLS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$28.00Aug 21Sep 18606.0%19.0%3082.4%4.2K173.3K
$28.50Aug 21Sep 4989.4%60.7%1529.4%8041.3K
PUTS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$28.50Aug 21Aug 28989.4%21.4%4524.6%1422.7K
$28.00Aug 21Sep 18606.0%19.0%3082.4%858.8K
$25.00Sep 11Sep 1878.2%32.8%138.7%1132.1K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 11 found (best R:R 0.79, avg 3.53)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$27.00$28.00Sep 11$0.56$0.44$0.5690%0.79$27.56
$28.00$29.00Sep 18$0.52$0.48$0.5268%0.92$28.52
$28.00$29.00Sep 11$0.47$0.53$0.4758%1.13$28.47
$29.00$30.00Sep 18$0.37$0.63$0.3744%1.70$29.37
$29.00$30.00Sep 11$0.28$0.72$0.2833%2.57$29.28
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$28.50$28.00Aug 21$0.11$0.39$0.1162%3.55$28.39
$28.00$27.00Sep 18$0.13$0.87$0.1332%6.69$27.87
$28.50$28.00Aug 28$0.22$0.28$0.2270%1.27$28.28
$27.00$25.00Sep 18$0.13$1.87$0.1318%14.38$26.87
$29.00$28.00Sep 18$0.50$0.50$0.5057%1.00$28.50

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 7 found (best R:R 0.20, avg 0.35)

BEAR CALL (3)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$30.00$31.00Sep 18$0.17$0.17$0.8378%0.20$30.17
$29.00$30.00Sep 11$0.28$0.28$0.7267%0.39$29.28
$29.00$30.00Sep 18$0.37$0.37$0.6356%0.59$29.37
BULL PUT (4)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$27.00$25.00Sep 18$0.13$0.13$1.8782%0.07$26.87
$28.50$28.00Aug 28$0.22$0.22$0.2830%0.79$28.28
$28.00$27.00Sep 18$0.13$0.13$0.8768%0.15$27.87
$28.50$28.00Aug 21$0.11$0.11$0.3938%0.28$28.39

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.12, cheapest $0.18)

CALLS (0)
No calls found
PUTS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$28.50Aug 21Aug 28$0.18989.4%21.4%
$28.00Aug 21Aug 28$0.07606.0%5.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 12 found (cheapest 1.75% of stock, avg 4.04%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$28.50Aug 28$0.20$0.30$0.50$28.00$29.001.75%
$28.00Aug 21$0.58$0.01$0.59$27.41$28.592.07%
$28.00Aug 28$0.55$0.08$0.63$27.37$28.632.21%
$28.50Aug 21$0.57$0.12$0.69$27.81$29.192.42%
$27.50Aug 28$1.19$0.03$1.22$26.28$28.724.27%
$27.50Aug 21$1.27$0.01$1.28$26.22$28.784.48%
$29.00Aug 21$0.02$1.30$1.32$27.68$30.324.62%
$29.00Aug 28$0.17$1.15$1.32$27.68$30.324.62%
$29.00Sep 18$0.56$0.83$1.39$27.61$30.394.87%
$28.00Sep 18$1.08$0.33$1.41$26.59$29.414.94%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 30 found (cheapest 0.11% of stock, avg 1.82%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$29.00$27.50Aug 21$0.02$0.01$0.03$27.47$29.03
$30.00$27.00Aug 28$0.03$0.03$0.06$26.94$30.06
$30.00$27.50Aug 28$0.03$0.03$0.06$27.44$30.06
$29.50$27.50Aug 28$0.10$0.03$0.13$27.37$29.63
$29.50$27.00Aug 28$0.10$0.03$0.13$26.87$29.63
$30.00$28.00Aug 28$0.03$0.08$0.11$27.89$30.11
$29.00$27.50Aug 28$0.17$0.03$0.20$27.30$29.20
$29.00$27.00Aug 28$0.17$0.03$0.20$26.80$29.20
$29.50$28.00Aug 28$0.10$0.08$0.18$27.82$29.68
$28.50$28.00Aug 28$0.20$0.08$0.28$27.72$28.78

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 2 found (best R:R 0.43, avg credit $0.30)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
27/2830/31Sep 18$0.30$0.7046%0.43$27.70$30.30
25/2730/31Sep 18$0.30$1.7060%0.18$26.70$30.30

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 14 found (best R:R 10.11, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$27.00$28.00$29.00Sep 11$0.09$0.9157%10.11
$28.00$29.00$30.00Sep 18$0.15$0.8547%5.67
$28.00$29.00$30.00Sep 11$0.19$0.8144%4.26
$29.00$30.00$31.00Sep 18$0.20$0.8040%4.00
$28.00$28.50$29.00Aug 28$0.32$0.1874%0.56
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$27.00$27.50$28.00Aug 28$0.05$0.4540%9.00
$27.50$28.00$28.50Aug 21$0.11$0.3954%3.55
$27.50$28.00$28.50Aug 28$0.17$0.3359%1.94
$23.00$25.00$27.00Sep 18$0.13$1.8714%14.38
$27.00$28.00$29.00Sep 18$0.37$0.6339%1.70

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 18 found (best net $-0.31, 7 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$27.00$28.001:2Sep 11-$0.31$0.69
$27.00$27.501:2Aug 21-$0.34$0.16
$29.00$30.001:2Aug 21$0.00$1.00
$28.50$29.001:2Aug 28-$0.14$0.36
$27.50$28.001:2Aug 28$0.09$0.41
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$28.00$27.001:2Sep 18-$0.07$0.93
$25.00$23.001:2Sep 18-$0.07$1.93
$27.00$25.001:2Sep 11-$1.29$0.71
$29.00$28.001:2Sep 18$0.17$0.83
$28.50$28.001:2Aug 21$0.10$0.40

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 6 found (best yield 1.82%, avg 0.91%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$29.00Sep 18$0.520.441.6%1.82%3.40%4.1K62.5K
$29.00Sep 25$0.440.391.6%1.54%3.12%52167
$30.00Sep 18$0.160.215.1%0.56%5.64%2.8K46.3K
$29.00Oct 2$0.240.471.6%0.84%2.42%257
$29.00Aug 28$0.140.261.6%0.49%2.07%6712.5K
$29.50Aug 28$0.060.153.3%0.21%3.54%5116

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 41,723
Total Puts 30,825
Put/Call Ratio 0.74
Net Difference 10,898

Prior's Put/Call Breakdown

Total Calls 21,370
Total Puts 44,194
Put/Call Ratio 2.07
Net Difference -22,824

Prior 7-Day Put/Call Summary

Total Calls 274,904
Total Puts 365,891
Average Put/Call Ratio 1.64
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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