Tour v526
WBD
WARNER BROS DISCOVER Series A
$28.88 +0.45%
$28.82 (-0.21%)🌙
as of 08/27 07:13 PM
(8/26 19:15) ◀
|
Thursday, August 27, 2026 (7:13pm)
January 2026
|
▶ (8/28 19:13)
◀ 8/27 19:13 ▶

Option Volume

Detail
ℹ
Current (08/27) 56,169
Calls: 25,778 (46%)
Puts: 30,391 (54%)
Prior (08/26) 111,627
Calls: 15,405 (14%)
Puts: 96,222 (86%)
Current vs Prior -49.68%
Calls: +67.34% (Calls)
Puts: -68.42% (Puts)
Prior 7-Day Total 615,005
Calls: 246,304 (40%)
Puts: 368,701 (60%)
Prior 7-Day Average 87,857
Calls: 35,186 (40%)
Puts: 52,671 (60%)
Current vs Prior 7-Day Avg -36.07%
Calls: -26.74%
Puts: -42.30%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (08/27) $1.44M
Calls: $925.9K (64%)
Puts: $509.7K (36%)
Prior (08/26) $16.27M
Calls: $10.87M (67%)
Puts: $5.40M (33%)
Current vs Prior -91.18%
Calls: -91.48%
Puts: -90.56%
Prior 7-Day Total $43.72M
Calls: $29.55M (68%)
Puts: $14.17M (32%)
Prior 7-Day Average $6.25M
Calls: $4.22M (68%)
Puts: $2.02M (32%)
Current vs Prior 7-Day Avg -77.01%
Calls: -78.07%
Puts: -74.81%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/27) 1.18
Prior (08/26) 6.25
Current vs Prior -81.13%
Prior 7-Day Average 1.85
Current vs Prior 7-Day Avg -36.25%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (08/27) 1,288,513
Calls: 452,865 (35%)
Puts: 835,648 (65%)
Prior (08/26) 1,486,301
Calls: 415,599 (28%)
Puts: 1,070,702 (72%)
Current vs Prior -13.31%
Prior 7-Day Total 12,187,228
Calls: 4,855,899 (40%)
Puts: 7,331,329 (60%)
Prior 7-Day Average 1,741,032
Calls: 693,699 (40%)
Puts: 1,047,332 (60%)
Current vs Prior 7-Day Avg -25.99%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (08/28) | Next (09/04)Expiry (09/18) | Next (10/16)
Current 1.63% | 2.74%6.89% | 9.21%
Prior 2.02% | 3.65%6.71% | 8.00%
Current vs Prior -19.33% | -25.10%+2.65% | +15.13%
Prior 7-Day Avg 3.09% | 6.15%4.56% | 7.57%
Current vs 7-Day Avg -47.27% | -55.54%+51.23% | +21.60%
Prior 7-Day Eod 2.02% | 3.65%6.71% | 8.00%
Current vs 7-Day Eod -19.33% | -25.10%+2.65% | +15.13%
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 64% call dollar volume ($925.9K). Light premium activity with dollar volume down 91% vs prior. Below-average activity with volume down 50% vs prior. Slightly bearish P/C ratio of 1.18.

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 NEUTRAL
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 1 of results (avg 5.6%, best 5.6%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Sep 180.520.55$0.545.6%2.4K0.4767.2K
PUTS (0)
No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 5 found (avg $0.19, cheapest $0.08)

CALLS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Aug 280.070.08$0.0812.5%1.2K0.272.9K
$30.00Sep 40.070.08$0.0812.5%3580.1295
$30.00Sep 180.170.20$0.1915.8%13.4K0.2252.7K
$29.00Sep 180.520.55$0.545.6%2.4K0.4767.2K
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$25.00Sep 180.060.07$0.0714.3%10.6K0.0632.1K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 22 found (avg delta 0.78, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$24.50Aug 282.456.45$4.4589.9%11.00--
$25.50Aug 281.565.45$3.51110.8%11.00--
$26.50Aug 281.654.55$3.1093.5%11.006
$27.00Aug 280.104.10$2.10190.5%61.00--
$28.00Aug 280.461.50$0.98106.1%111.00337
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$28.50Aug 280.000.07$0.04175.0%741.004.3K
$29.00Aug 280.000.34$0.17200.0%20.84--
$29.00Sep 40.000.50$0.25200.0%10.66--
$30.00Oct 90.003.50$1.75200.0%20.56--
$29.00Sep 180.001.00$0.50200.0%1.5K0.54354

Most actively traded options today. High liquidity = easy entry/exit. 55 active (total vol 31.9K, top 13.4K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$30.00Sep 180.170.20$0.1915.8%13.4K0.2252.7K
$29.00Sep 180.520.55$0.545.6%2.4K0.4767.2K
$29.00Aug 280.070.08$0.0812.5%1.2K0.272.9K
$30.00Sep 40.070.08$0.0812.5%3580.1295
$30.00Sep 110.050.18$0.12108.3%710.17398
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$25.00Sep 180.060.07$0.0714.3%10.6K0.0632.1K
$29.00Sep 180.001.00$0.50200.0%1.5K0.54354
$26.00Sep 180.060.30$0.18133.3%8370.1325.0K
$27.50Sep 40.000.05$0.03166.7%5000.081.8K
$25.50Aug 280.000.01$0.01100.0%1840.0156

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 1 strikes (avg 20.2%, max 20.2%)

CALLS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$29.00Aug 28Oct 943.4%36.1%20.2%1.2K2.9K
PUTS (0)
No puts found

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 19 found (best R:R 1.44, avg 3.49)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$25.50$26.50Aug 28$0.41$0.59$0.41100%1.44$25.91
$27.00$29.00Oct 2$1.26$0.74$1.2692%0.59$28.26
$27.00$27.50Sep 11$0.30$0.20$0.3091%0.67$27.30
$28.50$29.00Aug 28$0.22$0.28$0.22100%1.27$28.72
$28.50$29.00Sep 4$0.21$0.29$0.2159%1.38$28.71
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$29.00$28.50Aug 28$0.13$0.37$0.1384%2.85$28.87
$30.00$29.00Oct 9$0.28$0.72$0.2856%2.57$29.72
$29.00$28.50Sep 4$0.12$0.38$0.1266%3.17$28.88
$28.00$27.00Sep 11$0.15$0.85$0.1532%5.67$27.85
$28.50$27.50Sep 4$0.10$0.90$0.1053%9.00$28.40

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 11 found (best R:R 1.00, avg 0.40)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$29.00$31.00Oct 2$1.00$1.00$1.0054%1.00$30.00
$30.00$31.00Sep 18$0.18$0.18$0.8278%0.22$30.18
$29.00$30.00Sep 11$0.36$0.36$0.6457%0.56$29.36
$30.00$31.00Sep 11$0.11$0.11$0.8983%0.12$30.11
$29.00$29.50Sep 4$0.19$0.19$0.3161%0.61$29.19
BULL PUT (4)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$28.00$27.00Sep 18$0.27$0.27$0.7367%0.37$27.73
$27.00$25.00Sep 11$0.14$0.14$1.8683%0.08$26.86
$28.50$27.50Sep 4$0.10$0.10$0.9047%0.11$28.40
$28.00$27.00Sep 11$0.15$0.15$0.8568%0.18$27.85

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

No setups found for this strategy

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 11 found (cheapest 0.87% of stock, avg 4.56%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$29.00Aug 28$0.08$0.17$0.25$28.75$29.250.87%
$28.50Aug 28$0.30$0.04$0.34$28.16$28.841.18%
$29.00Sep 4$0.33$0.25$0.58$28.42$29.582.01%
$28.50Sep 4$0.54$0.13$0.67$27.83$29.172.32%
$28.00Aug 28$0.98$0.02$1.00$27.00$29.003.46%
$29.00Sep 18$0.54$0.50$1.04$27.96$30.043.60%
$28.00Sep 18$0.62$0.47$1.09$26.91$29.093.77%
$27.00Sep 18$2.02$0.20$2.22$24.78$29.227.69%
$27.00Sep 11$2.15$0.17$2.32$24.68$29.328.03%
$29.00Oct 2$1.02$1.47$2.49$26.51$31.498.62%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 26 found (cheapest 0.14% of stock, avg 1.60%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$29.50$28.00Aug 28$0.02$0.02$0.04$27.96$29.54
$30.00$27.50Sep 4$0.08$0.03$0.11$27.39$30.11
$29.00$28.00Aug 28$0.08$0.02$0.10$27.90$29.10
$29.50$27.50Sep 4$0.14$0.03$0.17$27.33$29.67
$30.00$27.00Sep 11$0.12$0.17$0.29$26.71$30.29
$30.00$25.00Sep 18$0.19$0.07$0.26$24.74$30.26
$30.00$25.50Sep 18$0.19$0.12$0.31$25.19$30.31
$30.00$26.00Sep 18$0.19$0.18$0.37$25.63$30.37
$30.00$27.00Sep 18$0.19$0.20$0.39$26.61$30.39
$30.00$25.00Sep 25$0.26$0.11$0.37$24.63$30.37

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 4 found (best R:R 0.82, avg credit $0.34)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
27/2830/31Sep 18$0.45$0.5545%0.82$27.55$30.45
27/2830/31Sep 11$0.26$0.7452%0.35$27.74$30.26
27/2830/30Sep 18$0.38$0.6234%0.61$27.62$29.88
25/2730/31Sep 11$0.25$1.7567%0.14$26.75$30.25

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 10 found (best R:R 6.69, cheapest $0.11)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$27.00$29.00$31.00Oct 2$0.26$1.7488%6.69
$28.50$29.00$29.50Aug 28$0.16$0.3493%2.12
$29.00$30.00$31.00Sep 11$0.25$0.7541%3.00
$29.00$29.50$30.00Sep 4$0.13$0.3726%2.85
$29.00$29.50$30.00Sep 18$0.13$0.3724%2.85
PUTS (2)
LowMidHighExpiryDebitMax GainPOPR:R
$28.00$28.50$29.00Aug 28$0.11$0.3973%3.55
$26.00$27.00$28.00Sep 18$0.25$0.7520%3.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 25 found (best net $-0.07, 10 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$27.00$28.001:2Sep 4-$0.07$0.93
$29.00$29.501:2Sep 18-$0.06$0.44
$28.00$29.001:2Sep 18-$0.46$0.54
$28.50$29.001:2Sep 4-$0.12$0.38
$29.50$30.001:2Sep 18-$0.08$0.42
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$27.00$25.001:2Sep 25-$0.03$1.97
$28.00$26.001:2Aug 28$0.00$2.00
$26.00$25.501:2Sep 18-$0.06$0.44
$29.00$28.001:2Sep 18-$0.44$0.56
$27.00$26.001:2Sep 18-$0.16$0.84

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 10 found (best yield 1.90%, avg 0.97%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$29.00Oct 9$0.550.520.4%1.90%2.32%14--
$29.00Oct 2$0.550.470.4%1.90%2.32%1252
$29.00Sep 18$0.520.470.4%1.80%2.22%2.4K67.2K
$30.00Sep 25$0.200.243.9%0.69%4.57%10149
$30.00Sep 18$0.170.223.9%0.59%4.47%13.4K52.7K
$29.00Sep 11$0.300.430.4%1.04%1.45%2--
$29.50Sep 18$0.120.332.1%0.42%2.56%443
$29.00Sep 4$0.250.390.4%0.87%1.28%5790
$30.00Sep 4$0.070.123.9%0.24%4.12%35895
$29.00Aug 28$0.070.270.4%0.24%0.66%1.2K2.9K

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 25,778
Total Puts 30,391
Put/Call Ratio 1.18
Net Difference -4,613

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 246,304
Total Puts 368,701
Average Put/Call Ratio 1.85
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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