TRU-SENTIMENT · DeltaNeutral
WBD Trading Analysis - 09/18/2026 11:38 AM — TRU-SENTIMENT
Options chain · Stock chart · Baseline chart
WBD (Warner Bros. Discovery, Inc. Series A Common Stock) at $27.91. True Sentiment Bullish, delta 40-60 call 74% / put 26%, call $685,508 vs put $243,745. RSI 29.8.
- Symbol
- WBD
- Price
- $27.91
- Article bias (separate from True Sentiment)
- bullish
- Conviction
- medium
- Published
- 2026-09-18 11:38:00 ET
- Author
- DeltaNeutral staff
TRUE SENTIMENT ANALYSIS (DELTA 40-60 OPTIONS)
True Sentiment Analysis (Delta 40-60 Options):Overall options flow sentiment: Bullish
Call vs Put dollar volume:
- Call dollar volume: $685,508 (73.8%)
- Put dollar volume: $243,745 (26.2%)
The options flow suggests a bullish sentiment, with a higher call dollar volume.
Key Statistics: WBD
Fundamental Snapshot
Valuation
| P/E (Trailing) | -22.24 |
| P/E (Forward) | N/A |
| PEG Ratio | N/A |
| Price/Book | 4.15 |
Profitability
| EPS (Trailing) | $-1.27 |
| EPS (Forward) | N/A |
| ROE | -9.22% |
| Net Margin | -8.68% |
Financial Health
| Revenue (TTM) | $36.12B |
| Debt/Equity | 0.94 |
| Free Cash Flow | N/A |
| Rev Growth | N/A |
Analyst Consensus
📈 Analysis
News Headlines & Context:
Recent news headlines for WBD include:
- Warner Bros. Discovery (WBD) has been focusing on its streaming services, including HBO Max and Discovery+.
- The company has been investing heavily in content creation to compete with other streaming giants.
- WBD has also been exploring partnerships and collaborations to expand its reach.
These headlines suggest that WBD is actively working to grow its streaming business, which could impact its stock performance.
Fundamental Analysis:
Based on the provided fundamentals data:
- Total Revenue: $36.12 billion
- Trailing EPS: -$1.27
- Trailing P/E: -22.24
- Price-to-Book: 4.15
- Debt-to-Equity: 0.94
- Return on Equity (ROE): -9.22%
The negative EPS and ROE indicate that WBD is currently not profitable. The high debt-to-equity ratio also raises concerns about the company's financial health.
Current Market Position:
Current price: $27.92
Recent price action: The stock has been trading in a range with a slight upward trend.
Key support and resistance levels:
- Support: $27.73 (Bollinger Band lower limit)
- Resistance: $28.97 (Bollinger Band upper limit)
Technical Analysis:
SMA trends:
- 5-day SMA: $28.07
- 20-day SMA: $28.35
- 50-day SMA: $27.37
RSI (14): 29.79 (oversold territory)
MACD: Bullish (0.13)
Bollinger Bands: The stock is trading near the lower band, indicating potential oversold conditions.
True Sentiment Analysis (Delta 40-60 Options):
Overall options flow sentiment: Bullish
Call vs Put dollar volume:
- Call dollar volume: $685,508 (73.8%)
- Put dollar volume: $243,745 (26.2%)
The options flow suggests a bullish sentiment, with a higher call dollar volume.
Key Price Levels:
Support: $27.73 (Bollinger Band lower limit)
Resistance: $28.97 (Bollinger Band upper limit)
Entry: $27.92 (current price)
Target: $29.00 (near-term resistance)
Stop Loss: $27.50 (conservative stop loss)
25-Day Price Forecast:
WBD is projected for $28.50 to $30.25
Based on current technical trends, momentum, and indicators, the stock is expected to trade within this range.
Defined Risk Strategy Recommendations:
Based on the price forecast, here are three defined risk strategy recommendations:
- Bull Call Spread: Buy WBD 261016C00028000, Sell WBD 261016C00030000
- Iron Condor: Sell WBD 261016P00027000, Buy WBD 261016P00028000, Sell WBD 261016C00029000, Buy WBD 261016C00030000
- Protective Put: Buy WBD 261016P00028000
Risk Factors:
Technical warning signs:
- Oversold conditions may lead to a bounce-back
- High debt-to-equity ratio
Sentiment divergences:
- Options flow sentiment vs. technical indicators
Summary & Conviction Level:
Overall bias: Bullish
Conviction level: Medium
One-line trade idea: WBD has bullish options flow and technical indicators suggest a potential upside.
View WBD Options Chain