Home Options WBDChain

WBD

Warner Bros. Discovery, Inc. - Close $28.48EOD only

Max Pain

$27.00

Next expiry Aug 21, 2026

Expected Move

±$0.48

1.7% from close

Price Gap

-1.48

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.90

Slightly put-heavy

Consensus

4/4

Partial coverage

Published snapshot: Aug 18, 2026 close

End-of-day snapshot

This page reflects WBD options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

Aug 18, 2026 close

WBD Options Chain

Data as of market close Aug 18, 2026

Expiration

Compare calls and puts side by side with OI, volume, IV, and positioning context.

Control Row

Next expiry (DTE 3)

Blank greek cells usually mean usable implied volatility was unavailable for that contract in the market-close snapshot.

Open Interest by Strike

IV Skew

Volume by Strike

Calls

Strike	Last	Bid	Ask	Chg	Vol	OI	IV	Delta	Gamma	Theta	Vega	Rho
15.00	13.50	11.75	15.50	0.46	38	36	362.5%	0.983	0.0045	-0.068	0.001	0.001
17.00	11.18	9.40	13.50	0.13	3	8	672.7%	0.875	0.0118	-0.596	0.005	0.001
18.00	10.13	8.40	12.50	0.13	2	9	620.7%	0.864	0.0136	-0.585	0.006	0.001
20.00	7.50	6.85	10.50	-0.38	2	4	234.4%	0.962	0.0137	-0.086	0.002	0.002
21.00	6.92	5.45	9.50	0.00	1	105	480.5%	0.821	0.0211	-0.543	0.007	0.001
22.00	6.52	4.95	8.50	0.64	6	38	194.1%	0.940	0.0237	-0.102	0.003	0.002
23.00	5.52	3.90	7.50	0.94	6	5	163.3%	0.936	0.0298	-0.091	0.003	0.002
23.50	4.21	3.15	7.00	0.11	1	2	121.9%	0.964	0.0252	-0.044	0.002	0.002
24.00	3.83	2.43	4.95	-0.02	1	27	177.7%	0.874	0.0451	-0.161	0.005	0.002
24.50	3.42	1.93	5.65	1.65	2	30	298.6%	0.756	0.0407	-0.405	0.008	0.001
25.00	2.99	2.69	4.00	0.14	1	71	155.5%	0.841	0.0604	-0.165	0.006	0.002
25.50	1.46	1.89	3.85	0.00	2	21	179.7%	0.777	0.0643	-0.233	0.008	0.002
26.00	2.43	1.99	2.91	0.58	156	7,503	115.6%	0.822	0.0871	-0.132	0.007	0.002
26.50	2.09	1.59	2.39	0.62	417	674	99.0%	0.803	0.1086	-0.121	0.007	0.002
27.00	1.57	1.03	1.85	0.63	38	15,073	80.1%	0.781	0.1428	-0.104	0.008	0.002
27.50	1.06	0.72	1.35	0.52	31	1,579	65.2%	0.735	0.1945	-0.094	0.008	0.002
28.00	0.70	0.45	0.75	0.40	4,034	118,661	40.0%	0.690	0.3412	-0.063	0.009	0.002
28.50	0.37	0.35	0.62	0.25	1,016	423	52.9%	0.507	0.2919	-0.092	0.010	0.001
29.00	0.20	0.19	0.22	0.13	8,203	134,767	35.9%	0.299	0.3740	-0.055	0.009	0.001
29.50	0.06	0.02	0.11	0.02	2	56	36.9%	0.153	0.2477	-0.038	0.006	0.000
30.00	0.04	0.04	0.05	0.01	967	50,562	37.5%	0.067	0.1334	-0.021	0.003	0.000
30.50	0.02	0.00	0.05	0.01	10	1	46.1%	0.054	0.0917	-0.022	0.003	0.000
31.00	0.02	0.00	0.02	0.01	66	9,729	45.3%	0.021	0.0430	-0.010	0.001	0.000
31.50	0.01	0.00	0.01	0.00	420	1,038	46.9%	0.010	0.0212	-0.005	0.001	0.000
32.00	0.01	0.00	0.01	0.00	613	1,170	53.1%	0.008	0.0168	-0.005	0.001	0.000
34.00	0.01	0.00	0.02	0.00	1	8	75.0%	0.005	0.0077	-0.005	0.000	0.000
40.00	0.24	0.00	0.05	0.00	0	25	146.9%	0.007	0.0048	-0.012	0.000	0.000
41.00	0.03	0.00	2.13	0.00	35	75	352.5%	0.164	0.0271	-0.375	0.006	0.000

Puts

Strike	Last	Bid	Ask	Chg	Vol	OI	IV	Delta	Gamma	Theta	Vega	Rho
15.00	0.01	0.00	0.07	0.00	1	465	285.9%	-0.005	0.0018	-0.017	0.000	-0.000
16.00	0.01	0.00	0.07	0.00	10	59	259.4%	-0.005	0.0022	-0.016	0.000	-0.000
17.00	0.01	0.00	0.07	0.00	0	1	234.4%	-0.006	0.0026	-0.016	0.000	-0.000
20.00	0.01	0.00	0.01	0.00	50	1,821	131.3%	-0.001	0.0012	-0.002	0.000	-0.000
21.00	0.01	0.00	0.01	0.00	10	25,136	112.5%	-0.001	0.0013	-0.002	0.000	-0.000
22.00	0.01	0.00	0.01	0.00	46	1,772	96.9%	-0.001	0.0018	-0.002	0.000	-0.000
23.00	0.01	0.00	0.01	0.00	2	15,723	81.3%	-0.002	0.0025	-0.002	0.000	-0.000
24.00	0.01	0.00	0.01	0.00	6	17,935	68.8%	-0.003	0.0047	-0.002	0.000	-0.000
24.50	0.18	0.00	0.01	0.00	316	909	59.4%	-0.002	0.0047	-0.002	0.000	-0.000
25.00	0.01	0.00	0.01	0.00	1	61,411	53.1%	-0.003	0.0069	-0.002	0.000	-0.000
25.50	0.02	0.00	0.04	0.01	1	386	57.0%	-0.015	0.0257	-0.009	0.001	-0.000
26.00	0.01	0.00	0.02	0.00	98	6,590	48.4%	-0.018	0.0348	-0.009	0.001	-0.000
26.50	0.01	0.00	0.07	0.00	5	136	53.1%	-0.063	0.0906	-0.028	0.003	-0.000
27.00	0.01	0.00	0.02	-0.02	669	11,085	31.3%	-0.028	0.0798	-0.009	0.002	-0.000
27.50	0.02	0.01	0.05	-0.08	914	1,925	28.5%	-0.084	0.2088	-0.019	0.004	-0.000
28.00	0.11	0.00	0.22	-0.25	11,477	3,251	35.4%	-0.289	0.3742	-0.051	0.009	-0.001
29.00	1.47	0.22	2.63	0.00	1	41	95.5%	-0.564	0.1597	-0.160	0.010	-0.001
29.50	1.51	0.01	3.20	0.00	0	288	83.8%	-0.663	0.1688	-0.129	0.009	-0.002
30.00	3.40	0.00	3.65	0.00	2	4	70.5%	-0.781	0.1622	-0.087	0.008	-0.002
33.00	5.31	2.96	6.60	0.00	0	0	124.8%	-0.893	0.0572	-0.096	0.005	-0.002

How to Read the Chain

Use this market-close chain snapshot to compare liquidity, pricing, IV, and per-contract greeks across the active expiration.

How to scan it

Start with strike, bid/ask spread, open interest, and volume. Then use IV and greeks to decide whether a contract fits your directional, income, or volatility idea.

What matters first

Clean fills matter before a contract looks mathematically attractive. A thin market can erase the edge you think you found.

What can mislead you

Low premium, high IV, or one convenient delta do not make a trade by themselves. Check how far the strike sits from spot, expected move, and the event calendar.

Greeks are close-of-day estimates, and blank greek cells usually mean usable implied volatility was unavailable for that contract.