WBD - Options Database

WBD

WARNER BROS DISCOVER Series A

$30.86 +0.06%

$30.89 (+0.11%)🌙

as of 09/25 07:07 PM

(9/24 19:21) ◀

Friday, September 25, 2026 (7:07pm)

▶

◀ 9/25 19:07

Option Volume

Detail

ℹ

Current (09/25) 38,319

Calls: 17,804 (46%)

Puts: 20,515 (54%)

Prior (09/24) 145,130

Calls: 14,103 (10%)

Puts: 131,027 (90%)

Current vs Prior -73.60%

Calls: +26.24% (Calls)

Puts: -84.34% (Puts)

Prior 7-Day Total 1,223,533

Calls: 560,067 (46%)

Puts: 663,466 (54%)

Prior 7-Day Average 174,790

Calls: 80,009 (46%)

Puts: 94,780 (54%)

Current vs Prior 7-Day Avg -78.08%

Calls: -77.75%

Puts: -78.36%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (09/25) $532.9K

Calls: $408.6K (77%)

Puts: $124.3K (23%)

Prior (09/24) $1.59M

Calls: $1.09M (68%)

Puts: $502.8K (32%)

Current vs Prior -66.45%

Calls: -62.36%

Puts: -75.28%

Prior 7-Day Total $73.69M

Calls: $57.73M (78%)

Puts: $15.95M (22%)

Prior 7-Day Average $10.53M

Calls: $8.25M (78%)

Puts: $2.28M (22%)

Current vs Prior 7-Day Avg -94.94%

Calls: -95.05%

Puts: -94.55%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/25) 1.15

Prior (09/24) 9.29

Current vs Prior -87.60%

Prior 7-Day Average 1.76

Current vs Prior 7-Day Avg -34.62%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (09/25) 1,223,899

Calls: 405,909 (33%)

Puts: 817,990 (67%)

Prior (09/24) 1,701,523

Calls: 491,899 (29%)

Puts: 1,209,624 (71%)

Current vs Prior -28.07%

Prior 7-Day Total 11,379,639

Calls: 4,358,203 (38%)

Puts: 7,021,436 (62%)

Prior 7-Day Average 1,625,662

Calls: 622,600 (38%)

Puts: 1,003,062 (62%)

Current vs Prior 7-Day Avg -24.71%

Sentiment BULLISH

Expected Move

Detail

ℹ

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

Current 3.43% | 1.85%1.94% | 3.66%

Prior 2.17% | 4.93%1.98% | 4.22%

Current vs Prior -14.98% | +42.01%-1.70% | -13.13%

Prior 7-Day Avg 3.18% | 6.02%4.34% | 7.99%

Current vs 7-Day Avg -41.83% | +16.26%-55.24% | -54.18%

Prior 7-Day Eod 2.17% | 4.93%1.98% | 4.22%

Current vs 7-Day Eod -14.98% | +42.01%-1.70% | -13.13%

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

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🤖 AI Insights

Strong bullish conviction with 77% of dollar volume in calls ($408.6K) vs puts ($124.3K). Light premium activity with dollar volume down 66% vs prior. Below-average activity with volume down 74% vs prior. Slightly bearish P/C ratio of 1.15.

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

🎯

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 8 of results (avg 5.8%, best 2.1%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$30.00	Oct 16	0.95	0.97	$0.96	2.1%	400	0.89	49.8K
$29.00	Oct 16	1.94	2.00	$1.97	3.0%	93	0.64	93.0K
$30.50	Oct 16	0.47	0.49	$0.48	4.2%	31	0.72	5.1K
$28.00	Oct 16	2.88	3.05	$2.97	5.7%	1	0.95	--
$30.00	Oct 23	0.94	1.01	$0.98	7.1%	2	0.67	--

PUTS (0)

No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 8 found (avg $0.75, cheapest $0.43)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$30.50	Oct 2	0.40	0.46	$0.43	14.0%	295	0.76	11.6K
$30.50	Oct 16	0.47	0.49	$0.48	4.2%	31	0.72	5.1K
$30.50	Oct 9	0.43	0.49	$0.46	13.0%	14	0.59	130
$30.00	Sep 25	0.84	0.91	$0.88	8.0%	223	1.07	6.9K
$30.00	Oct 2	0.83	0.97	$0.90	15.6%	48	0.85	14.9K

PUTS (0)

No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 29 found (avg delta 0.82, highest 1.07)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$26.50	Sep 25	2.80	7.00	$4.90	85.7%	1	1.07	--
$27.00	Sep 25	3.05	6.50	$4.78	72.2%	1	1.07	--
$27.50	Sep 25	1.54	6.00	$3.77	118.3%	2	1.07	--
$29.50	Sep 25	1.15	4.95	$3.05	124.6%	4	1.07	210
$30.00	Sep 25	0.84	0.91	$0.88	8.0%	223	1.07	6.9K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$31.00	Oct 2	0.12	0.15	$0.14	21.4%	73	0.87	239
$31.00	Oct 16	0.00	0.24	$0.12	200.0%	10	0.86	--
$30.50	Oct 9	0.02	5.00	$2.51	198.4%	3	0.72	56
$30.00	Oct 30	0.03	0.11	$0.07	114.3%	15	0.63	72
$33.00	Sep 25	0.70	4.90	$2.80	150.0%	5	0.60	6

Most actively traded options today. High liquidity = easy entry/exit. 60 active (total vol 25.4K, top 10.0K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$31.50	Oct 16	0.00	0.02	$0.01	200.0%	3.1K	0.05	376
$31.00	Oct 2	0.00	0.02	$0.01	200.0%	3.1K	0.14	18.0K
$31.00	Oct 30	0.02	0.03	$0.03	33.3%	1.4K	0.08	3.9K
$31.00	Oct 16	0.01	0.02	$0.02	50.0%	1.0K	0.16	30.9K
$30.00	Oct 16	0.95	0.97	$0.96	2.1%	400	0.89	49.8K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$25.00	Oct 16	0.02	0.03	$0.03	33.3%	10.0K	0.02	206.3K
$30.00	Sep 25	0.00	0.01	$0.01	100.0%	1.8K	0.02	14.2K
$30.50	Sep 25	0.00	0.01	$0.01	100.0%	708	0.02	3.0K
$26.00	Oct 16	0.03	0.04	$0.04	25.0%	503	0.03	55.7K
$30.50	Oct 2	0.06	0.09	$0.08	37.5%	483	0.25	1.4K

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 23510.9%, max 45359.8%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$31.00	Sep 25	Nov 6	1232.4%	69.9%	1661.9%	25	27.3K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$31.00	Sep 25	Oct 16	1232.4%	2.7%	45359.8%	48	608

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 3 found (best R:R 3.69, avg 3.54)

BULL CALL (1)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$26.50	$27.00	Sep 25	$0.12	$0.38	$0.12	100%	3.17	$26.62

BEAR PUT (2)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$33.00	$31.50	Sep 25	$0.32	$1.18	$0.32	60%	3.69	$32.68
$29.00	$28.00	Oct 2	$0.21	$0.79	$0.21	18%	3.76	$28.79

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 1 found (best R:R 0.27, avg 0.27)

BEAR CALL (0)

No bear call found

BULL PUT (1)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$29.00	$28.00	Oct 2	$0.21	$0.21	$0.79	82%	0.27	$28.79

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. 17 found (cheapest 0.45% of stock, avg 5.02%)

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	Oct 2	$0.01	$0.14	$0.15	$30.85	$31.15	0.49%
$30.50	Sep 25	$0.43	$0.01	$0.44	$30.06	$30.94	1.43%
$30.50	Oct 2	$0.43	$0.08	$0.51	$29.99	$31.01	1.65%
$30.50	Oct 16	$0.48	$0.13	$0.61	$29.89	$31.11	1.98%
$31.00	Sep 25	$0.01	$0.63	$0.64	$30.36	$31.64	2.07%
$30.00	Sep 25	$0.88	$0.01	$0.89	$29.11	$30.89	2.88%
$30.00	Oct 2	$0.90	$0.08	$0.98	$29.02	$30.98	3.18%
$30.00	Oct 9	$0.93	$0.05	$0.98	$29.02	$30.98	3.18%
$30.00	Oct 16	$0.96	$0.07	$1.03	$28.97	$31.03	3.34%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 15 found (cheapest 0.29% of stock, avg 4.77%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$31.00	$30.00	Oct 2	$0.01	$0.08	$0.09	$29.91	$31.09
$31.00	$30.50	Oct 2	$0.01	$0.08	$0.09	$30.41	$31.09
$31.00	$30.50	Oct 16	$0.02	$0.13	$0.15	$30.35	$31.15
$31.50	$30.50	Oct 16	$0.01	$0.13	$0.14	$30.36	$31.64
$31.00	$29.00	Oct 9	$0.02	$0.16	$0.18	$28.82	$31.18
$31.00	$29.00	Oct 2	$0.01	$0.23	$0.24	$28.76	$31.24
$31.00	$26.50	Oct 16	$0.02	$1.76	$1.78	$24.72	$32.78
$31.50	$26.50	Oct 16	$0.01	$1.76	$1.77	$24.73	$33.27
$31.00	$27.50	Oct 16	$0.02	$2.51	$2.53	$24.97	$33.53
$31.00	$25.00	Oct 23	$0.03	$2.48	$2.51	$22.49	$33.51

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. 5 found (best R:R 9.00, cheapest $0.05)

CALLS (4)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$30.00	$30.50	$31.00	Oct 2	$0.05	$0.45	71%	9.00
$29.00	$30.00	$31.00	Oct 23	$0.55	$0.45	55%	0.82
$30.50	$31.00	$31.50	Oct 16	$0.45	$0.05	67%	0.11
$30.50	$31.00	$31.50	Oct 9	$0.43	$0.07	57%	0.16

PUTS (1)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$30.00	$30.50	$31.00	Oct 2	$0.06	$0.44	70%	7.33

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 16 found (best net $-0.27, 6 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$28.00	$29.00	1:2	Oct 16	-$0.97	$0.03
$29.00	$30.00	1:2	Oct 16	$0.05	$0.95
$28.00	$30.00	1:2	Oct 2	$1.60	$0.40
$29.00	$30.00	1:2	Oct 23	$0.52	$0.48
$30.50	$31.00	1:2	Sep 25	$0.41	$0.09

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$30.00	$29.00	1:2	Oct 9	-$0.27	$0.73
$31.00	$30.50	1:2	Oct 16	-$0.14	$0.36
$28.00	$25.00	1:2	Oct 2	-$0.02	$2.98
$30.50	$30.00	1:2	Oct 2	-$0.08	$0.42
$30.00	$29.00	1:2	Oct 2	-$0.38	$0.62

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 17,804

Total Puts 20,515

Put/Call Ratio 1.15

Net Difference -2,711

Prior's Put/Call Breakdown

Total Calls 14,103

Total Puts 131,027

Put/Call Ratio 9.29

Net Difference -116,924

Prior 7-Day Put/Call Summary

Total Calls 560,067

Total Puts 663,466

Average Put/Call Ratio 1.76

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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Option Volume

Dollar Volume

Put/Call Ratio

Open Interest

Expected Move

Relative Spread

🤖 AI Insights

📈 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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