Warner Bros. Discovery In... (WBD)
Warner Bros. Discovery Max Pain By Strike
WBD trades at $11.85, pinned near the near-term max pain of $12 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($3-$12), reflecting growing call interest at higher strikes. Key magnetic zone at 12 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 an upward trend from 3 to 12, suggesting bullish positioning in longer-dated options. The 87% spread signals divergent expectations across timeframes. Most levels below 11.85 may cap rallies. Strong magnetic level at 12 (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 |
|---|---|---|
| Aug 15, 2025 | 12 | 0.15 (1.31%) |
| Aug 22, 2025 | 12 | 0.15 (1.31%) |
| Aug 29, 2025 | 12 | 0.15 (1.31%) |
| Sep 5, 2025 | 12 | 0.15 (1.31%) |
| Sep 12, 2025 | 11.5 | -0.35 (-2.91%) |
| Sep 19, 2025 | 10 | -1.85 (-15.58%) |
| Sep 26, 2025 | 11 | -0.85 (-7.13%) |
| Oct 17, 2025 | 10 | -1.85 (-15.58%) |
| Nov 21, 2025 | 11 | -0.85 (-7.13%) |
| Dec 19, 2025 | 10 | -1.85 (-15.58%) |
| Jan 16, 2026 | 11 | -0.85 (-7.13%) |
| Mar 20, 2026 | 11 | -0.85 (-7.13%) |
| Apr 17, 2026 | 3 | -8.85 (-74.67%) |
| Jun 18, 2026 | 10 | -1.85 (-15.58%) |
| Sep 18, 2026 | 12 | 0.15 (1.31%) |
| Dec 18, 2026 | 10 | -1.85 (-15.58%) |
| Jan 15, 2027 | 7 | -4.85 (-40.90%) |