Home Options WBDChain

WBD

Warner Bros. Discovery, Inc. - Close $27.42EOD only

Max Pain

$27.00

Next expiry May 22, 2026

Expected Move

±$0.85

3.1% from close

Price Gap

-0.42

Distance to max pain

IV Rank

Middle-high premium

P/C OI

2.24

Slightly put-heavy

Consensus

4/4

Partial coverage

Published snapshot: May 20, 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

May 20, 2026 close

WBD Options Chain

Data as of market close May 20, 2026

Expiration

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

Control Row

Next expiry (DTE 2)

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	11.81	11.10	13.55	-0.26	5	23	697.7%	0.923	0.0102	-0.512	0.003	0.001
20.00	7.14	6.05	8.30	0.00	3	26	398.0%	0.889	0.0235	-0.385	0.004	0.001
21.00	6.10	5.35	8.20	0.00	4	10	258.2%	0.932	0.0250	-0.174	0.003	0.001
24.00	3.20	2.18	4.10	0.13	12	12	207.8%	0.828	0.0605	-0.272	0.005	0.001
26.50	0.72	0.00	1.00	0.00	3	30	38.3%	0.890	0.2419	-0.039	0.004	0.001
27.00	0.45	0.20	0.50	0.20	59	514	23.6%	0.817	0.5524	-0.034	0.005	0.001
27.50	0.07	0.06	0.10	0.04	2,251	525	13.7%	0.398	1.3899	-0.028	0.008	0.001
28.00	0.02	0.01	0.03	-0.01	87	907	19.9%	0.081	0.3723	-0.015	0.003	0.000
28.50	0.01	0.00	0.02	0.00	22	240	28.1%	0.033	0.1301	-0.011	0.002	0.000
29.00	0.28	0.00	0.01	0.00	0	1	32.8%	0.011	0.0441	-0.005	0.001	0.000
30.00	0.05	0.00	0.15	0.00	1	12	72.7%	0.050	0.0704	-0.038	0.002	0.000
30.50	0.05	0.00	0.01	0.00	0	1	50.0%	0.002	0.0067	-0.002	0.000	0.000
31.00	0.02	0.00	0.03	0.00	10	12	67.2%	0.007	0.0150	-0.007	0.000	0.000
32.00	0.05	0.00	0.03	0.00	8	9	81.3%	0.006	0.0098	-0.007	0.000	0.000
35.00	0.05	0.00	0.02	0.00	10	20	115.6%	0.003	0.0033	-0.005	0.000	0.000
36.00	0.05	0.00	0.02	0.00	0	10	125.0%	0.002	0.0024	-0.004	0.000	0.000
37.00	0.05	0.00	0.02	0.00	10	30	137.5%	0.002	0.0022	-0.004	0.000	0.000
38.00	0.05	0.00	0.01	0.00	10	20	137.5%	0.001	0.0010	-0.002	0.000	0.000

Puts

Strike	Last	Bid	Ask	Chg	Vol	OI	IV	Delta	Gamma	Theta	Vega	Rho
21.00	0.01	0.00	0.01	0.00	120	346	118.8%	-0.001	0.0014	-0.002	0.000	-0.000
22.00	0.01	0.00	0.01	0.00	104	193	96.9%	-0.001	0.0016	-0.002	0.000	-0.000
24.50	0.01	0.00	0.40	0.00	73	1	116.4%	-0.088	0.0676	-0.094	0.003	-0.000
25.00	0.01	0.00	0.01	-0.01	121	22	50.0%	-0.006	0.0164	-0.004	0.000	-0.000
25.50	0.01	0.00	0.05	0.00	200	201	57.0%	-0.040	0.0750	-0.025	0.002	-0.000
26.00	0.02	0.00	0.02	0.00	171	619	36.7%	-0.024	0.0756	-0.010	0.001	-0.000
26.50	0.01	0.00	0.03	-0.02	10	1,599	28.5%	-0.051	0.1801	-0.015	0.002	-0.000
27.00	0.03	0.01	0.03	0.00	770	1,540	16.0%	-0.092	0.5083	-0.013	0.003	-0.000
27.50	0.42	0.00	1.55	0.00	4	67	74.0%	-0.509	0.2655	-0.148	0.008	-0.001
28.00	0.92	0.11	2.70	0.00	2	5	108.8%	-0.586	0.1765	-0.213	0.008	-0.001
29.00	2.00	0.37	3.70	0.00	2	0	104.3%	-0.753	0.1491	-0.164	0.006	-0.001
36.00	8.97	6.95	9.90	0.00	0	0	380.9%	-0.795	0.0368	-0.545	0.006	-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.