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WBD options: IV rank, expected move and trade screens

Warner Bros. Discovery, Inc. · Communication

As of the close on . In the app, data is refreshed intraday.

WBD closed at $30.90 on Sep 28, 2026 with 30-day implied volatility of 62.5%. That is in the upper half of its one-year range (IV rank 66), so premiums are somewhat richer than usual for WBD. Measured by IV percentile, IV is higher than 92% of the past year's readings. Options expiring Oct 30 (32 days out) price a one standard deviation move of about $6.24, or 20.2%.

The price is above both its 50-day (+11.1%) and 200-day (+11.7%) moving averages. It is trading within 0.0% of its 52-week high. The 14-day RSI of 75.7 is over 70, a level often described as overbought. The 14-day average true range is $0.42, about 1.4% of the price, a measure of a typical day's range.

Option volume at the close (42.4K contracts) was 0.5x its average, much quieter than usual. A beta of 0.50 means WBD has tended to move about 0.5 times as much as the broad market. 1 of our preset screen found trades on WBD at the close, led by Bull Put Spreads at 52-Week Highs with 1 trade.

WBD stats at the close

Price
$30.90
Market cap $77.6B
Implied volatility
62.5%
30-day, at the money
IV rank
66
IV sits 66% of the way from its one-year low to its one-year high.
IV percentile
92
IV is higher than 92% of the past year's readings.
ATR (14-day)
$0.42
1.4% of the price on a typical day
RSI (14-day)
75.7
Over 70, often called overbought
52-week range
+0.0% from high
+80.7% from the 52-week low
Moving averages
+11.1% vs 50-day
+11.7% vs the 200-day
Beta
0.50
Sensitivity to the broad market
Option volume
0.5x avg
42.4K contracts vs 90.3K average

WBD expected move by expiration

Expected move = price x at-the-money IV x the square root of (days to expiration / 365), a one standard deviation range. The straddle is the at-the-money call plus put, the market's own price for a move. Compare expected moves across stocks.

ExpirationIVExpected move1 SD range
Oct 2, 20264 days4.9%±$0.16 (0.5%)$30.74 to $31.06
Oct 30, 202632 days68.2%±$6.24 (20.2%)$24.66 to $37.14
Nov 20, 202653 days3.5%±$0.42 (1.3%)$30.48 to $31.32
Dec 18, 202681 days31.2%±$4.54 (14.7%)$26.36 to $35.44

Each expiration has its own implied volatility, and short-dated IV reacts more to near-term events, so the nearest expiration can differ a lot from the 30-day figure.

Trades that pass our screens as of the close

Counts and ranges for WBD from our preset scans at the last close. Open a preset in the app to see each trade with its strikes, prices, and risk, refreshed intraday. Income strategies show annualized return; the rest show return on risk.

WBD options FAQ

What is WBD's IV rank?
At the close on Sep 28, 2026, WBD's IV rank was 66 with 30-day implied volatility of 62.5%. IV sits 66% of the way from its one-year low to its one-year high. Its IV percentile was 92: IV is higher than 92% of the past year's readings.
What is the expected move for WBD?
Based on the close on Sep 28, 2026, options expiring Oct 30, 2026 priced a one standard deviation move of $6.24 (20.2%), a range of $24.66 to $37.14. Roughly two times in three, the stock would finish inside that range if the options are priced fairly.
Which option screens have trades on WBD?
At the close on Sep 28, 2026, these OptionClaws preset screens had passing trades on WBD: Bull Put Spreads at 52-Week Highs (1). Open a screen in the app to see the individual trades, refreshed intraday.
Is WBD option volume above average?
On Sep 28, 2026, WBD option volume was 0.5x its average, much quieter than usual.

Market data as of the prior close, for information and education only. Not investment advice. Options involve substantial risk and are not suitable for every investor. See our Terms of Service.