Warner Bros. Discovery In... (WBD)
Warner Bros. Discovery Max Pain By Strike
WBD trades at $18.91, 45.5% above the near-term max pain of $13 expiring Sep 19, 2025 (6 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is stable across expirations ($10-$14), indicating stable market expectations. Key magnetic zone at 13 where 6 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Warner Bros. Discovery Max Pain By Expiry
Max pain for WBD shows stable levels around 11.84, reflecting balanced market expectations. The 34% spread signals divergent expectations across timeframes. Most levels below 18.91 may cap rallies. Strong magnetic level at 13 (6 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 19, 2025 | 13 | -5.91 (-31.25%) |
| Sep 26, 2025 | 13 | -5.91 (-31.25%) |
| Oct 3, 2025 | 12.5 | -6.41 (-33.90%) |
| Oct 10, 2025 | 13 | -5.91 (-31.25%) |
| Oct 17, 2025 | 12 | -6.91 (-36.54%) |
| Oct 24, 2025 | 13 | -5.91 (-31.25%) |
| Oct 31, 2025 | 14 | -4.91 (-25.97%) |
| Nov 21, 2025 | 12 | -6.91 (-36.54%) |
| Dec 19, 2025 | 10 | -8.91 (-47.12%) |
| Jan 16, 2026 | 11 | -7.91 (-41.83%) |
| Mar 20, 2026 | 11 | -7.91 (-41.83%) |
| Apr 17, 2026 | 13 | -5.91 (-31.25%) |
| Jun 18, 2026 | 10 | -8.91 (-47.12%) |
| Sep 18, 2026 | 12 | -6.91 (-36.54%) |
| Dec 18, 2026 | 10 | -8.91 (-47.12%) |
| Jan 15, 2027 | 10 | -8.91 (-47.12%) |