WBD - Options Database

WBD

WARNER BROS DISCOVER Series A

$30.84 +0.26%

$30.79 (-0.15%)🌙

as of 09/24 07:21 PM

(9/21 19:13) ◀

Thursday, September 24, 2026 (7:21pm)

▶ (9/25 19:07)

◀ 9/24 19:21 ▶

Option Volume

Detail

ℹ

Current (09/24) 145,130

Calls: 14,103 (10%)

Puts: 131,027 (90%)

Prior (09/21) 667,996

Calls: 352,022 (53%)

Puts: 315,974 (47%)

Current vs Prior -78.27%

Calls: -95.99% (Calls)

Puts: -58.53% (Puts)

Prior 7-Day Total 1,147,477

Calls: 583,848 (51%)

Puts: 563,629 (49%)

Prior 7-Day Average 163,925

Calls: 83,406 (51%)

Puts: 80,518 (49%)

Current vs Prior 7-Day Avg -11.47%

Calls: -83.09%

Puts: +62.73%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (09/24) $1.59M

Calls: $1.09M (68%)

Puts: $502.8K (32%)

Prior (09/21) $43.49M

Calls: $41.71M (96%)

Puts: $1.78M (4%)

Current vs Prior -96.35%

Calls: -97.40%

Puts: -71.73%

Prior 7-Day Total $76.76M

Calls: $59.20M (77%)

Puts: $17.56M (23%)

Prior 7-Day Average $10.97M

Calls: $8.46M (77%)

Puts: $2.51M (23%)

Current vs Prior 7-Day Avg -85.51%

Calls: -87.16%

Puts: -79.95%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/24) 9.29

Prior (09/21) 0.90

Current vs Prior +935.07%

Prior 7-Day Average 1.17

Current vs Prior 7-Day Avg +696.92%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (09/24) 1,701,523

Calls: 491,899 (29%)

Puts: 1,209,624 (71%)

Prior (09/21) 2,096,785

Calls: 670,841 (32%)

Puts: 1,425,944 (68%)

Current vs Prior -18.85%

Prior 7-Day Total 11,138,872

Calls: 4,447,057 (40%)

Puts: 6,691,815 (60%)

Prior 7-Day Average 1,591,267

Calls: 635,293 (40%)

Puts: 955,973 (60%)

Current vs Prior 7-Day Avg +6.93%

Sentiment BULLISH

Expected Move

Detail

ℹ

WKMO Expiry (09/25) | Next (10/02)Expiry (10/16) | Next (11/20)

Current 2.17% | 4.93%1.98% | 4.22%

Prior 2.01% | 2.40%5.55% | 5.55%

Current vs Prior +7.92% | +105.14%-64.37% | -24.07%

Prior 7-Day Avg 3.48% | 6.33%5.08% | 8.74%

Current vs 7-Day Avg -37.57% | -22.17%-61.04% | -51.75%

Prior 7-Day Eod 2.01% | 2.40%5.55% | 5.55%

Current vs 7-Day Eod +7.92% | +105.14%-64.37% | -24.07%

Sentiment BEARISHBULLISH

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 68% call dollar volume ($1.09M). Light premium activity with dollar volume down 96% vs prior. Below-average activity with volume down 78% vs prior. Extreme bearish P/C ratio of 9.29 - heavy put buying.

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 NEUTRAL

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

🎯

Tightest Spreads

💰

Best Value <$1

📊

High Delta

⚖️

Ratio Spreads

🛡️

Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 4 of results (avg 4.4%, best 2.0%)

CALLS (4)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$30.50	Oct 16	0.48	0.49	$0.49	2.0%	3.3K	0.72	3.8K
$30.00	Oct 16	0.96	0.98	$0.97	2.1%	680	0.82	49.7K
$29.00	Oct 16	1.90	2.00	$1.95	5.1%	434	0.64	93.1K
$30.00	Oct 23	0.92	1.00	$0.96	8.3%	4	0.67	48

PUTS (0)

No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 6 found (avg $0.76, cheapest $0.39)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$30.50	Sep 25	0.36	0.42	$0.39	15.4%	861	0.84	10.2K
$30.50	Oct 16	0.48	0.49	$0.49	2.0%	3.3K	0.72	3.8K
$30.00	Sep 25	0.78	0.91	$0.85	15.3%	12	0.94	6.9K
$30.00	Oct 16	0.96	0.98	$0.97	2.1%	680	0.82	49.7K
$30.00	Oct 2	0.82	1.00	$0.91	19.8%	7	0.74	14.9K

PUTS (0)

No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 31 found (avg delta 0.82, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$29.00	Oct 2	0.58	1.90	$1.24	106.5%	14	1.00	1.8K
$25.00	Sep 25	4.30	8.50	$6.40	65.6%	1	0.99	--
$26.00	Sep 25	3.25	7.50	$5.38	79.0%	1	0.99	--
$27.00	Sep 25	2.20	6.50	$4.35	98.9%	1	0.99	--
$28.00	Sep 25	1.71	5.50	$3.61	105.0%	4	0.98	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$31.00	Sep 25	0.11	0.45	$0.28	121.4%	90	1.00	603
$31.50	Oct 2	0.58	0.82	$0.70	34.3%	1	0.96	--
$31.00	Oct 2	0.11	2.00	$1.06	178.3%	16	0.95	231
$31.00	Oct 30	0.10	4.95	$2.53	191.7%	10	0.90	--
$31.00	Oct 16	0.00	0.23	$0.12	191.7%	8	0.85	1.1K

Most actively traded options today. High liquidity = easy entry/exit. 63 active (total vol 133.1K, top 81.3K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$30.50	Oct 16	0.48	0.49	$0.49	2.0%	3.3K	0.72	3.8K
$31.00	Oct 16	0.01	0.02	$0.02	50.0%	1.6K	0.15	31.0K
$31.00	Oct 2	0.01	0.02	$0.02	50.0%	998	0.11	17.8K
$30.50	Sep 25	0.36	0.42	$0.39	15.4%	861	0.84	10.2K
$31.00	Sep 25	0.00	0.01	$0.01	100.0%	857	0.10	26.9K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$25.00	Oct 16	0.03	0.05	$0.04	50.0%	81.3K	0.03	184.9K
$25.00	Oct 2	0.00	0.04	$0.02	200.0%	26.8K	0.02	--
$26.00	Oct 16	0.03	0.04	$0.04	25.0%	6.6K	0.03	55.4K
$30.50	Sep 25	0.02	0.04	$0.03	66.7%	2.8K	0.16	1.5K
$30.00	Sep 25	0.01	0.02	$0.02	50.0%	2.8K	0.06	13.1K

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 204.3%, max 204.3%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$30.50	Sep 25	Oct 16	23.4%	7.7%	204.3%	4.2K	14.0K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$30.50	Sep 25	Oct 16	23.4%	7.7%	204.3%	2.9K	1.6K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 2 found (best R:R 2.03, avg 1.51)

BULL CALL (1)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$29.00	$30.00	Oct 2	$0.33	$0.67	$0.33	100%	2.03	$29.33

BEAR PUT (1)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$31.00	$30.50	Sep 25	$0.25	$0.25	$0.25	100%	1.00	$30.75

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 2 found (best R:R 2.37, avg 13.19)

BEAR CALL (0)

No bear call found

BULL PUT (2)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$28.50	$25.00	Oct 2	$2.46	$2.46	$1.04	64%	2.37	$26.04
$29.50	$27.00	Oct 9	$2.40	$2.40	$0.10	58%	24.00	$27.10

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. 19 found (cheapest 0.45% of stock, avg 4.96%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$31.00	Oct 16	$0.02	$0.12	$0.14	$30.86	$31.14	0.45%
$31.00	Sep 25	$0.01	$0.28	$0.29	$30.71	$31.29	0.94%
$30.50	Sep 25	$0.39	$0.03	$0.42	$30.08	$30.92	1.36%
$30.50	Oct 2	$0.46	$0.07	$0.53	$29.97	$31.03	1.72%
$30.50	Oct 16	$0.49	$0.11	$0.60	$29.90	$31.10	1.95%
$30.00	Sep 25	$0.85	$0.02	$0.87	$29.13	$30.87	2.82%
$30.00	Oct 2	$0.91	$0.09	$1.00	$29.00	$31.00	3.24%
$30.00	Oct 16	$0.97	$0.10	$1.07	$28.93	$31.07	3.47%
$31.00	Oct 2	$0.02	$1.06	$1.08	$29.92	$32.08	3.50%
$30.00	Oct 9	$0.96	$0.12	$1.08	$28.92	$31.08	3.50%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 14 found (cheapest 0.10% of stock, avg 1.41%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$31.00	$30.00	Sep 25	$0.01	$0.02	$0.03	$29.97	$31.03
$31.00	$30.50	Sep 25	$0.01	$0.03	$0.04	$30.46	$31.04
$31.00	$29.00	Oct 2	$0.02	$0.03	$0.05	$28.95	$31.05
$31.00	$29.50	Oct 2	$0.02	$0.05	$0.07	$29.43	$31.07
$31.00	$27.00	Oct 9	$0.01	$0.08	$0.09	$26.91	$31.09
$31.00	$28.00	Oct 16	$0.02	$0.07	$0.09	$27.91	$31.09
$31.00	$25.00	Oct 9	$0.01	$0.10	$0.11	$24.89	$31.11
$31.00	$30.00	Oct 16	$0.02	$0.10	$0.12	$29.88	$31.12
$31.00	$25.00	Oct 23	$0.02	$0.11	$0.13	$24.87	$31.13
$31.00	$30.50	Oct 16	$0.02	$0.11	$0.13	$30.37	$31.13

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. 7 found (best R:R 5.25, cheapest $0.07)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$30.00	$30.50	$31.00	Sep 25	$0.08	$0.42	84%	5.25
$30.00	$30.50	$31.00	Oct 9	$0.07	$0.43	62%	6.14
$30.50	$31.00	$31.50	Oct 16	$0.46	$0.04	68%	0.09
$30.50	$31.00	$31.50	Oct 9	$0.44	$0.06	57%	0.14
$26.00	$27.00	$28.00	Sep 25	$0.29	$0.71	1%	2.45

PUTS (1)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$30.00	$30.50	$31.00	Sep 25	$0.24	$0.26	94%	1.08

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 $-0.15, 10 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$28.00	$29.00	1:2	Oct 16	-$0.15	$0.85
$29.00	$30.00	1:2	Oct 2	-$0.58	$0.42
$31.00	$32.00	1:2	Oct 2	$0.00	$1.00
$30.00	$30.50	1:2	Sep 25	$0.07	$0.43
$30.00	$30.50	1:2	Oct 9	$0.06	$0.44

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$30.00	$25.00	1:2	Oct 23	-$0.07	$4.93
$30.50	$30.00	1:2	Oct 2	-$0.11	$0.39
$30.00	$28.00	1:2	Oct 16	-$0.04	$1.96
$31.00	$30.50	1:2	Oct 16	-$0.10	$0.40
$30.50	$30.00	1:2	Oct 16	-$0.09	$0.41

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

No covered call setups found

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 14,103

Total Puts 131,027

Put/Call Ratio 9.29

Net Difference -116,924

Prior's Put/Call Breakdown

Total Calls 352,022

Total Puts 315,974

Put/Call Ratio 0.90

Net Difference 36,048

Prior 7-Day Put/Call Summary

Total Calls 583,848

Total Puts 563,629

Average Put/Call Ratio 1.17

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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Option Volume

Dollar Volume

Put/Call Ratio

Open Interest

Expected Move

Relative Spread

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📈 Options Analysis

Current 5-Minute Volume Snapshots

Prior's 5-Minute Volume Snapshots

Current Put/Call Breakdown

Prior's Put/Call Breakdown

Prior 7-Day Put/Call Summary

Daily Put/Call History (Last 7 Days)

Upcoming Earnings - 2 Weeks Prior

Upcoming Earnings - 1 Week Prior

Earnings This Week

Earnings - Day Before / Day After

Options Activity Around Earnings

Chart Title

Price — Past 7 Days

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