Warner Bros. Discovery In... (WBD)
NASDAQ: WBD
· Real-Time Price · USD
11.84
0.06 (0.51%)
At close: Aug 15, 2025, 3:59 PM
11.84
0.00%
After-hours: Aug 15, 2025, 04:48 PM EDT
WBD Gamma Exposure By Expiry
The total Gamma Exposure (GEX) for WBD across all expirations is 360,090.42 shares per 1% move, with 679,978.02 from calls and 319,887.6 from puts. The put-call GEX ratio of 0.47 shows call-heavy positioning, potentially creating volatility as market makers hedge by selling into strength and buying weakness. The highest gamma concentration is at the Jan 16, 26 expiration with 116,017.28 net GEX, which may act as a magnet point for price action. Near-term exposure for Aug 22, 25 suggests possible volatility from negative gamma effects.
WBD GEX Table
| Expiry Date | Call GEX | Put GEX | Net GEX | P/C GEX |
|---|---|---|---|---|
| Aug 22, 25 | 23,149.62 | -40,474.22 | -17,324.6 | 1.75 |
| Aug 29, 25 | 37,105.56 | -11,463.74 | 25,641.82 | 0.31 |
| Sep 5, 25 | 4,906.47 | -4,607.85 | 298.62 | 0.94 |
| Sep 12, 25 | 6,572.41 | -1,883.27 | 4,689.14 | 0.29 |
| Sep 19, 25 | 96,567.05 | -47,686.66 | 48,880.39 | 0.49 |
| Sep 26, 25 | 1,260.41 | -785.02 | 475.39 | 0.62 |
| Oct 17, 25 | 81,385.02 | -20,662.83 | 60,722.19 | 0.25 |
| Nov 21, 25 | 12,322.23 | -9,676.64 | 2,645.59 | 0.79 |
| Dec 19, 25 | 108,074.45 | -38,552.72 | 69,521.73 | 0.36 |
| Jan 16, 26 | 231,248.87 | -115,231.59 | 116,017.28 | 0.50 |
| Mar 20, 26 | 31,575.05 | -12,528.23 | 19,046.82 | 0.40 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |
| Jun 18, 26 | 9,629.35 | -4,518.51 | 5,110.84 | 0.47 |
| Sep 18, 26 | 1,636.48 | -2,014.61 | -378.13 | 1.23 |
| Dec 18, 26 | 7,943.48 | -2,194.42 | 5,749.06 | 0.28 |
| Jan 15, 27 | 26,601.57 | -7,607.29 | 18,994.28 | 0.29 |