Tour v526
WBD
WARNER BROS DISCOVER Series A
$28.90 +0.70%
$28.86 (-0.14%)🌙
as of 08/25 07:15 PM
(8/21 19:19) ◀
|
Tuesday, August 25, 2026 (7:15pm)
January 2026
|
▶ (8/26 19:15)
◀ 8/25 19:15 ▶

Option Volume

Detail
ℹ
Current (08/25) 147,263
Calls: 47,587 (32%)
Puts: 99,676 (68%)
Prior (08/21) 72,548
Calls: 41,723 (58%)
Puts: 30,825 (42%)
Current vs Prior +102.99%
Calls: +14.05% (Calls)
Puts: +223.36% (Puts)
Prior 7-Day Total 611,884
Calls: 253,053 (41%)
Puts: 358,831 (59%)
Prior 7-Day Average 87,412
Calls: 36,150 (41%)
Puts: 51,261 (59%)
Current vs Prior 7-Day Avg +68.47%
Calls: +31.64%
Puts: +94.45%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (08/25) $12.96M
Calls: $9.07M (70%)
Puts: $3.89M (30%)
Prior (08/21) $2.31M
Calls: $1.72M (74%)
Puts: $591.5K (26%)
Current vs Prior +460.74%
Calls: +427.21%
Puts: +558.23%
Prior 7-Day Total $25.70M
Calls: $13.81M (54%)
Puts: $11.89M (46%)
Prior 7-Day Average $3.67M
Calls: $1.97M (54%)
Puts: $1.70M (46%)
Current vs Prior 7-Day Avg +253.09%
Calls: +359.81%
Puts: +129.19%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/25) 2.09
Prior (08/21) 0.74
Current vs Prior +183.51%
Prior 7-Day Average 1.66
Current vs Prior 7-Day Avg +25.94%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (08/25) 1,515,065
Calls: 507,690 (34%)
Puts: 1,007,375 (66%)
Prior (08/21) 1,586,814
Calls: 713,797 (45%)
Puts: 873,017 (55%)
Current vs Prior -4.52%
Prior 7-Day Total 13,047,143
Calls: 5,505,739 (42%)
Puts: 7,541,404 (58%)
Prior 7-Day Average 1,863,877
Calls: 786,534 (42%)
Puts: 1,077,343 (58%)
Current vs Prior 7-Day Avg -18.71%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (08/28) | Next (09/04)Expiry (09/18) | Next (10/16)
Current 2.39% | 6.37%6.16% | 8.72%
Prior 4.73% | 9.04%6.55% | 6.69%
Current vs Prior -49.51% | -29.55%-5.96% | +30.34%
Prior 7-Day Avg 3.25% | 6.29%3.57% | 7.10%
Current vs 7-Day Avg -26.57% | +1.28%+72.36% | +22.76%
Prior 7-Day Eod 4.73% | 9.04%6.55% | 6.69%
Current vs 7-Day Eod -49.51% | -29.55%-5.96% | +30.34%
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 ($9.07M). Massive premium surge with dollar volume up 461% vs prior. Dollar volume significantly above 7-day average (253% higher). Unusually high activity with volume up 103% vs prior - elevated interest.

Smart Money BULLISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current BEARISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior NEUTRAL
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 1 of results (avg 5.0%, best 5.0%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$30.00Sep 180.190.20$0.205.0%3.0K0.2450.0K
PUTS (0)
No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 1 found (avg $0.20, cheapest $0.20)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$30.00Sep 180.190.20$0.205.0%3.0K0.2450.0K
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 20 found (avg delta 0.77, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$23.50Aug 283.707.55$5.6368.4%51.00--
$24.50Aug 282.736.55$4.6482.3%31.00--
$27.00Aug 281.002.48$1.7485.1%141.00--
$28.00Aug 280.101.50$0.80175.0%21.00337
$27.00Sep 181.553.15$2.3568.1%290.8714.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.50Aug 280.002.75$1.38199.3%40.8260
$30.00Sep 180.002.50$1.25200.0%200.7725
$29.00Sep 250.012.70$1.36197.8%10.62--
$29.00Aug 280.000.54$0.27200.0%110.6015
$29.50Sep 40.142.80$1.47181.0%10.54--

Most actively traded options today. High liquidity = easy entry/exit. 49 active (total vol 17.2K, top 6.4K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Sep 180.450.55$0.5020.0%6.4K0.4963.1K
$28.00Sep 180.251.30$0.78134.6%5.1K0.6955.2K
$30.00Sep 180.190.20$0.205.0%3.0K0.2450.0K
$29.50Aug 280.040.10$0.0785.7%3520.18184
$30.00Sep 110.050.16$0.11100.0%2090.16254
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$28.50Aug 280.050.17$0.11109.1%5480.303.6K
$28.00Sep 180.200.70$0.45111.1%4930.325.3K
$27.50Sep 40.000.05$0.03166.7%950.261.7K
$25.00Aug 280.000.01$0.01100.0%440.01985
$25.50Aug 280.002.13$1.07199.1%360.2520

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 7.8%, max 7.8%)

CALLS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$29.00Aug 28Sep 2528.9%26.8%7.8%2273.4K
PUTS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$29.00Aug 28Sep 2528.9%26.8%7.8%1215

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 9 found (best R:R 1.38, avg 2.37)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$28.50$29.00Aug 28$0.21$0.29$0.2178%1.38$28.71
$28.50$29.00Sep 4$0.22$0.28$0.2269%1.27$28.72
$29.00$29.50Aug 28$0.14$0.36$0.1441%2.57$29.14
$29.00$30.00Sep 25$0.33$0.67$0.3342%2.03$29.33
$29.00$30.00Sep 11$0.31$0.69$0.3143%2.23$29.31
BEAR PUT (2)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$29.00$28.50Aug 28$0.16$0.34$0.1660%2.12$28.84
$28.00$27.00Sep 18$0.32$0.68$0.3232%2.12$27.68

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 6 found (best R:R 0.30, avg 0.39)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$30.00$31.00Sep 25$0.23$0.23$0.7778%0.30$30.23
$30.00$31.00Sep 18$0.19$0.19$0.8176%0.23$30.19
$29.00$30.00Sep 11$0.31$0.31$0.6957%0.45$29.31
$29.00$30.00Sep 25$0.33$0.33$0.6758%0.49$29.33
$29.00$29.50Aug 28$0.14$0.14$0.3659%0.39$29.14
BULL PUT (1)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$28.00$27.00Sep 18$0.32$0.32$0.6868%0.47$27.68

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.19, cheapest $0.24)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$29.00Aug 28Sep 4$0.1428.9%20.6%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$29.00Aug 28Sep 18$0.2428.9%18.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 11 found (cheapest 1.66% of stock, avg 5.60%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$29.00Aug 28$0.21$0.27$0.48$28.52$29.481.66%
$28.50Aug 28$0.42$0.11$0.53$27.97$29.031.83%
$28.00Aug 28$0.80$0.02$0.82$27.18$28.822.84%
$29.00Sep 18$0.50$0.51$1.01$27.99$30.013.49%
$28.00Sep 18$0.78$0.45$1.23$26.77$29.234.26%
$29.50Aug 28$0.07$1.38$1.45$28.05$30.955.02%
$30.00Sep 18$0.20$1.25$1.45$28.55$31.455.02%
$29.00Sep 25$0.58$1.36$1.94$27.06$30.946.71%
$27.00Sep 18$2.35$0.13$2.48$24.52$29.488.58%
$29.50Sep 4$1.15$1.47$2.62$26.88$32.129.07%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 25 found (cheapest 0.14% of stock, avg 1.98%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$30.00$28.00Aug 28$0.02$0.02$0.04$27.96$30.04
$30.00$27.50Aug 28$0.02$0.03$0.05$27.45$30.05
$30.50$27.50Sep 4$0.03$0.03$0.06$27.44$30.56
$30.00$27.50Sep 4$0.05$0.03$0.08$27.42$30.08
$29.50$28.00Aug 28$0.07$0.02$0.09$27.91$29.59
$29.50$27.50Aug 28$0.07$0.03$0.10$27.40$29.60
$30.00$28.50Aug 28$0.02$0.11$0.13$28.37$30.13
$29.50$28.50Aug 28$0.07$0.11$0.18$28.32$29.68
$29.00$28.00Aug 28$0.21$0.02$0.23$27.77$29.23
$29.00$28.50Aug 28$0.21$0.11$0.32$28.18$29.32

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 1 found (best R:R 1.04, avg credit $0.51)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
27/2830/31Sep 18$0.51$0.4945%1.04$27.49$30.51

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 7 found (best R:R 9.00, cheapest $0.07)

CALLS (4)
LowMidHighExpiryDebitMax GainPOPR:R
$29.00$30.00$31.00Sep 25$0.10$0.9039%9.00
$28.50$29.00$29.50Aug 28$0.07$0.4360%6.14
$28.00$28.50$29.00Aug 28$0.17$0.3359%1.94
$29.00$29.50$30.00Aug 28$0.09$0.4134%4.56
PUTS (3)
LowMidHighExpiryDebitMax GainPOPR:R
$28.00$28.50$29.00Aug 28$0.07$0.4352%6.14
$27.50$28.00$28.50Aug 28$0.10$0.4023%4.00
$28.00$29.00$30.00Sep 18$0.68$0.3245%0.47

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 21 found (best net $-1.74, 5 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$24.50$26.501:2Aug 28-$1.74$0.26
$26.50$27.001:2Aug 28-$0.29$0.21
$28.50$29.001:2Sep 4-$0.13$0.37
$30.00$31.001:2Aug 28$0.00$1.00
$27.00$28.001:2Aug 28$0.14$0.86
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$29.00$28.001:2Sep 18-$0.39$0.61
$30.00$29.001:2Sep 18$0.23$0.77
$29.00$28.501:2Aug 28$0.05$0.45
$28.50$28.001:2Aug 28$0.07$0.43
$28.00$27.001:2Sep 18$0.19$0.81

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 7 found (best yield 1.56%, avg 0.90%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$29.00Sep 18$0.450.490.3%1.56%1.90%6.4K63.1K
$29.00Sep 25$0.450.410.3%1.56%1.90%22648
$30.00Sep 18$0.190.243.8%0.66%4.46%3.0K50.0K
$30.00Sep 25$0.170.223.8%0.59%4.39%7016
$29.00Sep 4$0.280.470.3%0.97%1.31%1040
$29.00Aug 28$0.170.410.3%0.59%0.93%2052.7K
$29.00Sep 11$0.110.430.3%0.38%0.73%21158

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 47,587
Total Puts 99,676
Put/Call Ratio 2.09
Net Difference -52,089

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 253,053
Total Puts 358,831
Average Put/Call Ratio 1.66
Ratio Trend Rising

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