WBD Options Chain, Open Interest, and Volatility Data

WBD Options Open Interest & Strategy Insights

WBD – Top 10 Strike Prices by Open Interest

Strike	Call OI	Put OI	Total OI
15	134483	70541	205024
20	100022	47383	147405
25	125515	579	126094
22	91246	21731	112977
10	50168	61179	111347
21	78077	12698	90775
12	65493	17188	82681
12.5	36137	40619	76756
14	33572	42197	75769
19	33727	41032	74759

WBD – Volatility Metrics & Put/Call Analysis

Put/Call OI Ratio	Put/Call Volume Ratio	Avg Call IV	Avg Put IV	IV Skew
0.39	0.72	54.62%	57.22%	2.59%

Data Analysis

Symbol: WBD Current Price: 22.76
Max Pain: 20.00 (above)

📌 Absolute OI Peak: 15.00 (205024 contracts)
🛡️ Short-term Key Levels: 22.00（112977 contracts，minor support） , 21.00（90775 contracts，minor support） , 20.00（147405 contracts，major support）

📈 Put/Call OI Ratio: 0.39 (bullish, Call OI dominant)
Put/Call Volume Ratio: 0.72 (bullish, Call volume dominant)

📊 Avg Call IV: 54.62%
Avg Put IV: 57.22%
IV Skew: 2.59% (Put IV higher than Call IV by 2.59%, downward expectation slightly stronger)

⚠️ Unusual OI concentration at far OTM strike 15.00 (205024 contracts), sentiment: bullish (Call OI dominant). May reflect speculative bets or hedging demand.

Market Sentiment Based on Options by Expiration Date

Date	Call Volume	Put Volume	Open Interest	Put/Call Ratio	Sentiment
2025-11-07	9122	4373	43244	0.479	Moderate Bullish 📈 (70)
2025-11-14	3697	3557	29322	0.962	Neutral ⚖️ (50)
2025-11-21	14894	11664	242243	0.783	Moderate Bullish 📈 (65) ⚠️
2025-11-28	656	5303	2647	8.084	Moderate Bearish 📉 (30) ⚠️
2025-12-05	242	114	597	0.471	Moderate Bullish 📈 (70)
2025-12-12	57	0	34	0.000	Moderate Bullish 📈 (70) ⚠️
2025-12-19	4425	1694	157588	0.383	Strong Bullish 📈💥 (85)
2026-01-16	8521	15161	329734	1.779	Strong Bearish 📉💥 (15) ⚠️
2026-02-20	1292	80	1603	0.062	Moderate Bullish 📈 (70) ⚠️
2026-03-20	726	100	85194	0.138	Strong Bullish 📈💥 (85) ⚠️
2026-04-17	1814	254	10487	0.140	Moderate Bullish 📈 (70) ⚠️
2026-06-18	562	684	23182	1.217	Slight Bearish 📉 (40)
2026-09-18	956	285	13148	0.298	Moderate Bullish 📈 (70) ⚠️
2026-12-18	65	393	12689	6.046	Moderate Bearish 📉 (30) ⚠️
2027-01-15	246	336	41435	1.366	Slight Bearish 📉 (40)
2028-01-21	68	31	2341	0.456	Moderate Bullish 📈 (70)
How the Sentiment Algorithm Works This table evaluates market sentiment based on aggregated options data by expiration date. The key metrics are: Put/Call Ratio (PCR): Indicates the relative activity between put and call options. A high PCR suggests bearish sentiment, while a low PCR indicates bullish sentiment. Open Interest (OI): Represents the number of outstanding contracts. Higher values reflect strong market attention or hedging activity. Unusual activity ⚠️: Days with extremely high PCR or OI are flagged, signaling possible speculative bets or hedging pressures. The sentiment score is computed by combining PCR and OI, then classified into clear labels such as Strong Bullish, Moderate Bullish, Neutral, Moderate Bearish, Strong Bearish. Scores range from 0 to 100, where higher values indicate stronger bullish sentiment and lower values indicate stronger bearish sentiment.