Tour v526
WBD
WARNER BROS DISCOVER Series A
$28.75 -0.52%
$28.65 (-0.35%)🌙
as of 08/26 07:15 PM
(8/25 19:15) ◀
|
Wednesday, August 26, 2026 (7:15pm)
January 2026
|
▶
◀ 8/26 19:15

Option Volume

Detail
ℹ
Current (08/26) 111,627
Calls: 15,405 (14%)
Puts: 96,222 (86%)
Prior (08/25) 147,263
Calls: 47,587 (32%)
Puts: 99,676 (68%)
Current vs Prior -24.20%
Calls: -67.63% (Calls)
Puts: -3.47% (Puts)
Prior 7-Day Total 619,621
Calls: 255,698 (41%)
Puts: 363,923 (59%)
Prior 7-Day Average 88,517
Calls: 36,528 (41%)
Puts: 51,989 (59%)
Current vs Prior 7-Day Avg +26.11%
Calls: -57.83%
Puts: +85.08%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (08/26) $16.27M
Calls: $10.87M (67%)
Puts: $5.40M (33%)
Prior (08/25) $12.96M
Calls: $9.07M (70%)
Puts: $3.89M (30%)
Current vs Prior +25.54%
Calls: +19.89%
Puts: +38.69%
Prior 7-Day Total $30.57M
Calls: $20.15M (66%)
Puts: $10.41M (34%)
Prior 7-Day Average $4.37M
Calls: $2.88M (66%)
Puts: $1.49M (34%)
Current vs Prior 7-Day Avg +272.68%
Calls: +277.66%
Puts: +263.04%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/26) 6.25
Prior (08/25) 2.09
Current vs Prior +198.20%
Prior 7-Day Average 1.66
Current vs Prior 7-Day Avg +275.88%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (08/26) 1,486,301
Calls: 415,599 (28%)
Puts: 1,070,702 (72%)
Prior (08/25) 1,515,065
Calls: 507,690 (34%)
Puts: 1,007,375 (66%)
Current vs Prior -1.90%
Prior 7-Day Total 12,596,106
Calls: 5,228,062 (42%)
Puts: 7,368,044 (58%)
Prior 7-Day Average 1,799,443
Calls: 746,866 (42%)
Puts: 1,052,577 (58%)
Current vs Prior 7-Day Avg -17.40%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (08/28) | Next (09/04)Expiry (09/18) | Next (10/16)
Current 2.02% | 3.65%6.71% | 8.00%
Prior 2.39% | 6.37%6.16% | 8.72%
Current vs Prior -15.50% | -42.64%+8.99% | -8.25%
Prior 7-Day Avg 3.21% | 6.75%4.01% | 7.34%
Current vs 7-Day Avg -37.19% | -45.92%+67.38% | +8.92%
Prior 7-Day Eod 2.39% | 6.37%6.16% | 8.72%
Current vs 7-Day Eod -15.50% | -42.64%+8.99% | -8.25%
Sentiment BULLISHBEARISH

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 67% call dollar volume ($10.87M). Dollar volume significantly above 7-day average (273% higher). Extreme bearish P/C ratio of 6.25 - heavy put buying. P/C ratio rising 198% - increased hedging/bearish positioning.

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 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. 4 found (avg $0.28, cheapest $0.19)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$30.00Sep 180.170.20$0.1915.8%8750.2352.2K
$29.50Sep 180.300.34$0.3212.5%400.3513
$29.00Sep 180.420.50$0.4617.4%7620.4866.5K
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$27.00Sep 180.150.18$0.1618.8%3.1K0.1519.4K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 12 found (avg delta 0.91, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$27.00Sep 40.833.90$2.36130.1%21.0095
$23.00Sep 255.108.05$6.5844.8%11.001
$23.00Aug 284.108.20$6.1566.7%11.004
$23.50Aug 283.657.40$5.5367.8%11.005
$24.00Aug 283.206.90$5.0573.3%11.00--
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$31.00Sep 40.724.35$2.53143.5%20.97--
$29.00Aug 280.000.40$0.20200.0%60.80--

Most actively traded options today. High liquidity = easy entry/exit. 38 active (total vol 15.9K, top 10.4K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$30.00Sep 180.170.20$0.1915.8%8750.2352.2K
$29.00Sep 180.420.50$0.4617.4%7620.4866.5K
$29.00Aug 280.070.12$0.1050.0%1040.372.8K
$30.00Sep 250.010.31$0.16187.5%740.18--
$31.00Oct 20.000.04$0.02200.0%730.04264
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$28.00Sep 180.131.31$0.72163.9%10.4K0.365.3K
$27.00Sep 180.150.18$0.1618.8%3.1K0.1519.4K
$28.50Aug 280.010.05$0.03133.3%2370.164.1K
$25.00Sep 40.002.13$1.07199.1%100.25--
$26.00Aug 280.000.01$0.01100.0%90.0131

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

No setups found for this strategy

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 12 found (best R:R 3.11, avg 3.81)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$29.00$30.00Sep 11$0.12$0.88$0.1233%7.33$29.12
$29.00$29.50Sep 18$0.14$0.36$0.1448%2.57$29.14
$28.50$29.00Aug 28$0.28$0.22$0.2885%0.79$28.78
$29.50$30.00Sep 18$0.13$0.37$0.1335%2.85$29.63
$28.50$29.00Sep 4$0.27$0.23$0.2752%0.85$28.77
BEAR PUT (3)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$31.00$25.00Sep 4$1.46$4.54$1.4697%3.11$29.54
$29.00$28.50Aug 28$0.17$0.33$0.1780%1.94$28.83
$28.00$27.00Sep 18$0.56$0.44$0.5636%0.79$27.44

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 8 found (best R:R 1.27, avg 0.37)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$30.00$31.00Oct 2$0.23$0.23$0.7778%0.30$30.23
$30.00$31.00Sep 18$0.18$0.18$0.8277%0.22$30.18
$30.00$32.00Sep 25$0.14$0.14$1.8682%0.08$30.14
$29.00$30.00Sep 4$0.19$0.19$0.8168%0.23$29.19
$29.50$30.00Sep 18$0.13$0.13$0.3765%0.35$29.63
BULL PUT (1)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$28.00$27.00Sep 18$0.56$0.56$0.4464%1.27$27.44

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.34, cheapest $0.13)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$29.00Aug 28Sep 4$0.1318.2%27.9%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$28.00Sep 11Sep 18$0.5411.3%39.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 3 found (cheapest 1.04% of stock, avg 3.11%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$29.00Aug 28$0.10$0.20$0.30$28.70$29.301.04%
$28.50Aug 28$0.38$0.03$0.41$28.09$28.911.43%
$27.00Sep 18$1.81$0.16$1.97$25.03$28.976.85%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 14 found (cheapest 0.21% of stock, avg 2.11%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$29.50$28.50Aug 28$0.03$0.03$0.06$28.44$29.56
$29.00$28.50Aug 28$0.10$0.03$0.13$28.37$29.13
$30.00$27.00Sep 11$0.13$0.09$0.22$26.78$30.22
$30.00$27.00Sep 18$0.19$0.16$0.35$26.65$30.35
$30.00$28.00Sep 11$0.13$0.18$0.31$27.69$30.31
$29.00$27.00Sep 11$0.25$0.09$0.34$26.66$29.34
$29.00$28.00Sep 11$0.25$0.18$0.43$27.57$29.43
$29.50$27.00Sep 18$0.32$0.16$0.48$26.52$29.98
$29.00$27.00Sep 18$0.46$0.16$0.62$26.38$29.62
$30.00$28.00Sep 18$0.19$0.72$0.91$27.09$30.91

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

No iron condor setups found

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 3 found (best R:R 1.38, cheapest $0.14)

CALLS (3)
LowMidHighExpiryDebitMax GainPOPR:R
$28.50$29.00$29.50Aug 28$0.21$0.2974%1.38
$30.00$31.00$32.00Oct 2$0.23$0.7720%3.35
$23.00$23.50$24.00Aug 28$0.14$0.360%2.57
PUTS (0)
No puts found

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 17 found (best net $-0.01, 4 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$24.00$26.501:2Aug 28-$0.01$2.49
$29.50$30.001:2Sep 18-$0.06$0.44
$29.00$29.501:2Sep 18-$0.18$0.32
$27.00$29.001:2Sep 18$0.89$1.11
$27.00$28.501:2Aug 28$1.12$0.38
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$28.00$27.001:2Sep 11$0.00$1.00
$31.00$25.001:2Sep 4$0.39$5.61
$29.00$28.501:2Aug 28$0.14$0.36
$28.50$26.001:2Aug 28$0.01$2.49
$28.00$27.001:2Sep 18$0.40$0.60

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 4 found (best yield 1.04%, avg 0.83%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$29.50Sep 18$0.300.352.6%1.04%3.65%4013
$29.00Sep 18$0.420.480.9%1.46%2.33%76266.5K
$30.00Sep 18$0.170.234.3%0.59%4.94%87552.2K
$29.00Aug 28$0.070.370.9%0.24%1.11%1042.8K

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 15,405
Total Puts 96,222
Put/Call Ratio 6.25
Net Difference -80,817

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 255,698
Total Puts 363,923
Average Put/Call Ratio 1.66
Ratio Trend Rising

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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