WBD Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure

Analyze the complete WBD options chain including strike-level open interest, real-time implied volatility (IV), max pain levels, gamma exposure, dealer positioning, and options flow trends. This dashboard provides data-driven insights for traders building directional or hedging strategies around WBD.

Latest Data: 2026-02-06 (EDT)

Max Pain Price

Exp: 2026-02-06

Gamma Flip

N/A

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.109

Shows put vs call positioning

IV Skew

-0.70

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

low volatility

Confidence 35%

Near-Term Options-Derived Market Structure

BEARISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

A slight bearish tilt is visible, though the signal is weak and insufficient for a strong directional call. Options Chian

On the put side, the bearish positioning looks mainly like hedging. This reflects caution and short-term protection rather than a true bearish call. Confidence: 100%

Current DPI is 0.378(strong-bullish). Bullish, momentum neutral or unclear.

Options Terrain Outlook (3-Month)

The market is positioned near a structural transition zone, where options exposure may shift the prevailing trading regime. Volatility conditions are moderately choppy. Options constraints exert a moderate influence on price behavior. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-02-20 options expiry. 100% confidence

The support levels for WBD are at 27.25, 27.08, and 26.76, while the resistance levels are at 27.47, 27.64, and 27.96. The pivot point, a key reference price for traders, is at 28.00.

Short-Term Options-Implied Price Range & Flow Structure (0DTE · Intraday Reference)

Expiry 2026-02-06 (DTE 0): Pinning structure with suppressed volatility. Option flow bias is neutral (0.00), pin strength 0.70.

Based on same-day expiring options (0DTE), the ATM straddle implies an 1.68% standardized 1-day equivalent move, serving as an intraday volatility reference.

The implied intraday range is approximately 26.90 — 28.08 , corresponding to +2.62% / -1.67% .

Estimated using ATM implied volatility, OTM option flow, and dealer hedging conditions to capture the market-implied price range.

Bullish flow suggests upside interest toward 28.45 (3.98% above spot).

Bearish positioning points to downside pressure toward 26.74 (2.26% below spot).

Options flow strength: 0.64 (0–1 scale). ATM Strike: 27.50, Call: 0.06, Put: 0.41, Straddle Cost: 0.46.

Price moves may extend once a direction forms. The short-term gamma flip is near 27.74 . The mid-term gamma flip remains near 28.19.