WBD Warner Bros Discovery Inc
$30.94 · +0.00% vs $30.94 close · scored 11:34 · stale
Decision brief
NEUTRAL · 75/100
What changed
Composite weakened 23.8 points.
Evidence is stale — treat this read cautiously.
What would change the view
composite leaves the neutral band · confidence deteriorates materially from 75/100
For the read
options volume favours calls · signal has been stable · evidence confidence is high
Against / uncertainty
open interest leans against the read
The read
Mildly bearish, well evidenced , and the tape has led price here.
−100 bearish 0 bullish +100
−10.8 composite┆ +13.0 yesterday (−23.8) +0.0 vs a week ago
Evidence
75 / 100 · top 8% today
27,741 contracts · quality 90 · stability 0.78
has paid −0.05% · n=799
What traded today · weight 62%
+8.2 pts
15,694 calls · 56.6% 12,047 puts
bias +13.1 × 0.62
What’s on the books · weight 38%
−19.0 pts
325,570 call OI · 25.0% 975,468 put OI
bias −50.0 × 0.38
Equals
−10.8
30% of the score comes from today’s volume, 70% from open interest. Disagree with either?
See the method.
— price ◆ big one-day moves 30d: price +10.03% · tape −4.1 · corr -0.59
● peak +52 ▼ low −67.6 ◆ +86.6 in a day 08-27 09-03 09-10 09-17 09-24 10-01 10-10 $31 $28 Plain English: Over 30 days, price has risen 10.03% while the tape has barely moved (−4.1). The two are drifting apart.
03
Should you trust it? pass Plenty behind it confidence 75 (92th pct) · quality 90 · 27,741 contracts
note Jumpy 0.78 vs 7-day rolling · choppiness 66
pass This kind of read has paid mildly bearish · balanced · mid liquidity → −0.05% avg, n=799
pass Tape has led price tape has led WBD’s price by 2 days (r=-0.19, n=44)
note Stretched vs its own history today’s tape sits low relative to price
against Our record on WBD is poor 12% hit rate on 263 closed calls · payoff 0.91×
04
Where the positions sit No per-strike chain is stored for this name yet, so we can’t show where the positions sit. The totals above still come from today’s chain.
Spot $30.94. The $20 strike holds the most open interest (the “wall”, 374,160). Near-dated expiry in the mix, so OI is noisier.
2 Oct · 4h
$30.95 → $30.95
+0.00% flat
2 Oct · 4h
$30.96 → $30.96
+0.00% flat
2 Oct · 4h
$30.95 → $30.95
+0.00% flat
1 Oct · 4h
$30.93 → $30.93
+0.00% flat
One rule everywhere: a move of 0.05% or less is flat , and flat is not a hit. That is the same rule Proof uses; 135 of these 263 calls were flat.
06
Catalysts & context EPS surprise · last 4 quarters
Street Mixed Next report —
P/E 106.45 · fwd 106.45 Beta 1.638
52w $17.08–$30.97 IV rank —
Ask about WBD answers from FlowDesk data only
You
Why did the score drop from +19 to −11 this week?
FlowDesk
It was mostly one day. The composite was +19.1 on 1 Oct, then fell to −10.8 on 2 Oct as the price moved from $30.95 to $30.95. It’s at −10.8 now.+8.2 from volume and −19.0 from open interest. I can’t split past days the same way: the stored history keeps call/put volume but not open interest for past days.
tape_history · 45 pts stock_scores · 11:34 method · 62/38
Compare with AMC Why is our WBD record what it is? What’s the $20 wall?
What our data projects
+0.57 points vs the market, next 5 trading days
#49 of 635 · helped by quality, confidence, volatility (20 days). Not trusted yet: context, not a call.
How Tell me when… The read flips to bullish composite · crosses 0
Evidence drops below 60 conf · below
Price reaches the $20 wall price · below
3 days before earnings not yet · earnings
Score moves ≥10 in a day not yet · delta
Sign in to set alerts. Composite, price and evidence rules work today; earnings and one-day-move rules aren’t built yet.
Warner Bros Discovery Inc · Media
Mildly bearish, well evidenced . The tape has led price here.
−100 bearish 0 bullish +100
−10.8 ┆ +13.0 yday evidence
has paid −0.05% · n=799
Why it’s −11
+8.2 volume · 57% calls−19.0 OI · 25% calls
43 days · tape bars, price line
◆ +86.6 08-27 09-03 09-10 09-17 09-24 10-01 10-10 $31 $28 Price +10.03%, tape −4.1 over 30 days. The two are drifting apart.
Should you trust it?
pass Plenty behind it confidence 75 (92th pct) · quality 90 · 27,741 contracts
note Jumpy 0.78 vs 7-day rolling · choppiness 66
note Stretched vs its own history today’s tape sits low relative to price
against Our record on WBD is poor 12% hit rate on 263 closed calls · payoff 0.91×
What traded today · 62%
+8.2 pts
15,694 calls · 12,047 puts · bias +13.1
What’s on the books · 38%
−19.0 pts
325,570 call OI · 975,468 put OI · bias −50.0
— price ◆ big one-day moves 30d: price +10.03% · tape −4.1 · corr -0.59
● peak +52 ▼ low −67.6 ◆ +86.6 in a day 08-27 09-03 09-10 09-17 09-24 10-01 10-10 $31 $28 Over 30 days, price has risen 10.03% while the tape has barely moved (−4.1). The two are drifting apart.
No per-strike chain is stored for this name yet, so we can’t show where the positions sit. The totals above still come from today’s chain.
12% hit rate · 263 closed
2 Oct · 4h
$30.95 → $30.95
+0.00% flat
2 Oct · 4h
$30.96 → $30.96
+0.00% flat
2 Oct · 4h
$30.95 → $30.95
+0.00% flat
1 Oct · 4h
$30.93 → $30.93
+0.00% flat
The read flips to bullish composite · crosses 0
Evidence drops below 60 conf · below
Price reaches the $20 wall price · below
3 days before earnings not yet · earnings
Score moves ≥10 in a day not yet · delta
Ask about WBD
Why did the score drop from +19 to −11 this week?
It was mostly one day. The composite was +19.1 on 1 Oct, then fell to −10.8 on 2 Oct as the price moved from $30.95 to $30.95. It’s at −10.8 now.+8.2 from volume and −19.0 from open interest. I can’t split past days the same way: the stored history keeps call/put volume but not open interest for past days.
tape_history · 45 pts stock_scores · 11:34 method · 62/38
Compare with AMC Why is our WBD record what it is? What’s the $20 wall?