Tour v366
WEN
WENDYS CO A
$7.85 +1.16%
$7.83 (-0.22%)🌙
as of 07/20 07:17 PM
(7/17 19:30) ◀
|
Monday, July 20, 2026 (7:17pm)
January 2026
|
▶ (7/21 19:15)
◀ 7/20 19:17 ▶

Option Volume

Detail
ℹ
Current (07/20) 23,414
Calls: 18,378 (78%)
Puts: 5,036 (22%)
Prior (07/17) 35,326
Calls: 28,585 (81%)
Puts: 6,741 (19%)
Current vs Prior -33.72%
Calls: -35.71% (Calls)
Puts: -25.29% (Puts)
Prior 7-Day Total 319,218
Calls: 133,939 (42%)
Puts: 185,279 (58%)
Prior 7-Day Average 45,602
Calls: 19,134 (42%)
Puts: 26,468 (58%)
Current vs Prior 7-Day Avg -48.66%
Calls: -3.95%
Puts: -80.97%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/20) $999.2K
Calls: $885.2K (89%)
Puts: $114.0K (11%)
Prior (07/17) $1.49M
Calls: $1.23M (83%)
Puts: $255.0K (17%)
Current vs Prior -32.86%
Calls: -28.22%
Puts: -55.28%
Prior 7-Day Total $12.92M
Calls: $6.61M (51%)
Puts: $6.31M (49%)
Prior 7-Day Average $1.85M
Calls: $944.5K (51%)
Puts: $901.1K (49%)
Current vs Prior 7-Day Avg -45.86%
Calls: -6.28%
Puts: -87.35%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/20) 0.27
Prior (07/17) 0.24
Current vs Prior +16.20%
Prior 7-Day Average 1.05
Current vs Prior 7-Day Avg -73.80%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/20) 477,837
Calls: 324,491 (68%)
Puts: 153,346 (32%)
Prior (07/17) 579,352
Calls: 343,239 (59%)
Puts: 236,113 (41%)
Current vs Prior -17.52%
Prior 7-Day Total 3,859,887
Calls: 2,336,576 (61%)
Puts: 1,523,311 (39%)
Prior 7-Day Average 551,412
Calls: 333,796 (61%)
Puts: 217,615 (39%)
Current vs Prior 7-Day Avg -13.34%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 6.11% | 8.66%15.29% | 21.15%
Prior 6.83% | 10.05%3.22% | 16.49%
Current vs Prior -10.47% | -13.82%+374.50% | +28.20%
Prior 7-Day Avg 4.99% | 8.60%5.13% | 17.93%
Current vs 7-Day Avg +22.61% | +0.69%+197.97% | +17.92%
Prior 7-Day Eod 6.83% | 10.05%3.22% | 16.49%
Current vs 7-Day Eod -10.47% | -13.82%+374.50% | +28.20%
Sentiment BULLISHBEARISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 11.66% | 12.92%
Calls: 15.38% | 10.53%
Puts: 7.94% | 15.31%
Prior 11.66% | 12.92%
Calls: 15.38% | 10.53%
Puts: 7.94% | 15.31%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 11.66% | 12.92%
Calls: 15.38% | 10.53%
Puts: 7.94% | 15.31%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 89% of dollar volume in calls ($885.2K) vs puts ($114.0K). Extreme bullish P/C ratio of 0.27 - heavy call buying (18,378 calls vs 5,036 puts). Call-heavy open interest (324,491 calls vs 153,346 puts) suggests bullish positioning. Declining open interest (down 18%) indicates positions being closed.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH

📈 Options Analysis

🎯 Tightest Spreads
💰 Best Value Under $1
📊 High Delta (ITM)
🔥 High Volume
⏰ Backwardation
📈 Debit Spreads
📉 Credit Spreads
📅 Calendar Spreads
⚡ Straddles
🔀 Strangles
🦅 Iron Condors
🦋 Butterflies
⚖️ Ratio Spreads
🛡️ Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top -- of results (avg --%, best --%)

No options available for this category

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 15 found (avg $0.53, cheapest $0.28)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Jul 310.250.30$0.2817.9%4460.462.4K
$9.00Aug 210.250.30$0.2817.9%2440.3034.3K
$8.50Aug 140.300.35$0.3215.6%1650.36207
$8.50Aug 210.350.40$0.3813.2%370.39--
$7.50Jul 240.400.45$0.4311.6%1570.771.5K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.00Aug 280.250.30$0.2817.9%320.25134
$8.00Aug 70.500.60$0.5518.2%180.52111
$8.00Aug 210.600.70$0.6515.4%1130.505.8K
$8.50Jul 310.750.85$0.8012.5%150.75188
$8.50Aug 70.850.95$0.9011.1%700.6781

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 24 found (avg delta 0.73, highest 0.95)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$6.50Jul 241.101.70$1.4042.9%100.95--
$7.00Jul 240.700.95$0.8330.1%1430.92171
$6.50Jul 311.051.95$1.5060.0%10.9142
$6.50Aug 71.251.85$1.5538.7%10.89--
$6.50Aug 211.301.60$1.4520.7%500.88--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.00Jul 240.901.30$1.1036.4%100.94--
$8.50Jul 240.600.85$0.7334.2%790.81170
$8.50Jul 310.750.85$0.8012.5%150.75188
$8.50Aug 70.850.95$0.9011.1%700.6781
$8.00Jul 240.250.35$0.3033.3%1700.5854.3K

Most actively traded options today. High liquidity = easy entry/exit. 60 active (total vol 17.5K, top 8.1K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Jul 240.150.20$0.1827.8%8.1K0.434.2K
$8.00Aug 210.500.60$0.5518.2%1.5K0.5143.6K
$8.50Jul 240.050.10$0.0862.5%9170.201.4K
$8.00Aug 70.400.45$0.4311.6%7190.49981
$8.00Jul 310.250.30$0.2817.9%4460.462.4K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.00Aug 70.100.15$0.1338.5%1.4K0.19267
$7.50Jul 240.050.10$0.0862.5%5080.231.7K
$7.00Aug 210.200.25$0.2321.7%4860.246.9K
$7.50Aug 210.350.45$0.4025.0%2430.36--
$8.00Jul 240.250.35$0.3033.3%1700.5854.3K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 11 strikes (avg 33.0%, max 115.0%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$6.50Jul 24Aug 21121.9%62.1%96.3%60--
$7.00Jul 24Aug 2183.1%63.6%30.6%1598.7K
$8.50Jul 24Aug 2884.5%66.9%26.3%9221.4K
$9.00Jul 24Aug 2888.8%71.3%24.4%432.8K
$8.00Jul 24Aug 2871.2%65.5%8.7%8.1K4.3K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$6.50Jul 24Aug 28121.9%56.7%115.0%1127
$7.00Jul 24Aug 2883.1%64.4%29.1%8254.8K
$8.50Jul 24Aug 784.5%70.2%20.4%149251
$8.00Jul 24Aug 2871.2%65.5%8.7%17354.3K
$7.50Jul 24Aug 2866.4%65.3%1.7%5101.7K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 27 found (best R:R 4.00, avg 1.63)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$8.50$9.00Aug 28$0.10$0.40$0.104.00$8.60
$8.50$9.00Aug 14$0.12$0.38$0.123.17$8.62
$8.00$8.50Jul 31$0.15$0.35$0.152.33$8.15
$8.00$8.50Aug 14$0.16$0.34$0.162.13$8.16
$8.00$8.50Aug 21$0.17$0.33$0.171.94$8.17
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$7.00$6.50Aug 21$0.13$0.37$0.132.85$6.87
$7.50$7.00Aug 7$0.17$0.33$0.171.94$7.33
$7.50$7.00Aug 14$0.17$0.33$0.171.94$7.33
$7.50$7.00Aug 21$0.17$0.33$0.171.94$7.33
$7.00$6.50Aug 28$0.18$0.32$0.181.78$6.82

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 32 found (best R:R 4.00, avg 1.08)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$7.00$7.50Jul 24$0.40$0.40$0.104.00$7.40
$6.50$7.00Aug 21$0.37$0.37$0.132.85$6.87
$7.00$7.50Jul 31$0.35$0.35$0.152.33$7.35
$7.00$7.50Aug 21$0.31$0.31$0.191.63$7.31
$7.00$7.50Aug 7$0.30$0.30$0.201.50$7.30
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$9.00$8.50Jul 24$0.37$0.37$0.132.85$8.63
$8.50$8.00Aug 7$0.35$0.35$0.152.33$8.15
$8.00$7.50Aug 7$0.25$0.25$0.251.00$7.75
$8.00$7.50Aug 21$0.25$0.25$0.251.00$7.75
$8.00$7.50Jul 24$0.22$0.22$0.280.79$7.78

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 10 found (avg debit $0.08, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$7.00Jul 24Jul 31$0.0583.1%68.4%
$8.50Jul 24Jul 31$0.0584.5%63.1%
$9.00Jul 24Jul 31$0.0588.8%72.3%
$6.50Jul 24Jul 31$0.10121.9%86.0%
$7.50Jul 24Jul 31$0.1066.4%61.5%
PUTS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$7.00Jul 24Jul 31$0.0583.1%68.4%
$8.50Jul 24Jul 31$0.0784.5%63.1%
$7.50Jul 24Jul 31$0.1066.4%61.5%
$8.00Jul 24Jul 31$0.1071.2%61.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 24 found (cheapest 6.11% of stock, avg 13.77%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$8.00Jul 24$0.18$0.30$0.48$7.52$8.486.11%
$7.50Jul 24$0.43$0.08$0.51$6.99$8.016.50%
$8.00Jul 31$0.28$0.40$0.68$7.32$8.688.66%
$7.50Jul 31$0.53$0.18$0.71$6.79$8.219.04%
$8.50Jul 24$0.08$0.73$0.81$7.69$9.3110.32%
$7.00Jul 24$0.83$0.03$0.86$6.14$7.8610.96%
$8.50Jul 31$0.13$0.80$0.93$7.57$9.4311.85%
$7.50Aug 7$0.65$0.30$0.95$6.55$8.4512.10%
$7.00Jul 31$0.88$0.08$0.96$6.04$7.9612.23%
$8.00Aug 7$0.43$0.55$0.98$7.02$8.9812.48%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 52 found (cheapest 0.76% of stock, avg 6.00%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$9.00$7.00Jul 24$0.03$0.03$0.06$6.94$9.06
$9.00$6.50Jul 24$0.03$0.03$0.06$6.44$9.06
$8.50$7.00Jul 24$0.08$0.03$0.11$6.89$8.61
$8.50$6.50Jul 24$0.08$0.03$0.11$6.39$8.61
$9.00$7.50Jul 24$0.03$0.08$0.11$7.39$9.11
$9.00$6.50Jul 31$0.08$0.05$0.13$6.37$9.13
$8.50$7.50Jul 24$0.08$0.08$0.16$7.34$8.66
$9.00$7.00Jul 31$0.08$0.08$0.16$6.84$9.16
$8.50$6.50Jul 31$0.13$0.05$0.18$6.32$8.68
$8.00$7.00Jul 24$0.18$0.03$0.21$6.79$8.21

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 11 found (best R:R 3.17, avg credit $0.33)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
7/88/8Aug 28$0.38$0.123.17$7.12$8.38
6/78/8Aug 28$0.36$0.142.57$6.64$8.36
7/88/8Aug 7$0.35$0.152.33$7.15$8.35
6/78/8Aug 21$0.35$0.152.33$6.65$7.85
7/88/8Aug 21$0.34$0.162.13$7.16$8.34
7/88/8Aug 14$0.33$0.171.94$7.17$8.33
8/88/9Aug 28$0.32$0.181.78$7.68$8.82
6/78/8Aug 21$0.30$0.201.50$6.70$8.30
7/88/9Aug 28$0.30$0.201.50$7.20$8.80
7/88/9Aug 14$0.29$0.211.38$7.21$8.79

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 27 found (best R:R 9.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$7.50$8.00$8.50Aug 14$0.06$0.447.33
$6.50$7.00$7.50Aug 21$0.06$0.447.33
$8.00$8.50$9.00Aug 21$0.07$0.436.14
$7.00$7.50$8.00Aug 7$0.08$0.425.25
$8.00$8.50$9.00Aug 28$0.08$0.425.25
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$6.50$7.00$7.50Jul 24$0.05$0.459.00
$6.50$7.00$7.50Jul 31$0.07$0.436.14
$7.00$7.50$8.00Aug 7$0.08$0.425.25
$7.00$7.50$8.00Aug 21$0.08$0.425.25
$7.50$8.00$8.50Aug 7$0.10$0.404.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 30 found (best net $-0.06, 26 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$8.00$8.501:2Aug 7-$0.07$0.43
$8.50$9.001:2Aug 14-$0.08$0.42
$8.50$9.001:2Aug 7-$0.11$0.39
$8.00$8.501:2Aug 14-$0.16$0.34
$7.00$7.501:2Jul 31-$0.18$0.32
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$7.50$7.001:2Aug 21-$0.06$0.44
$7.00$6.501:2Aug 14-$0.08$0.42
$7.50$7.001:2Aug 28-$0.08$0.42
$8.00$7.501:2Aug 21-$0.15$0.35
$8.50$8.001:2Aug 7-$0.20$0.30

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 15 found (best yield 6.37%, avg 3.65%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$8.00Aug 21$0.500.511.9%6.37%8.28%1.5K43.6K
$8.00Aug 28$0.500.521.9%6.37%8.28%12120
$8.00Aug 7$0.400.491.9%5.10%7.01%719981
$8.00Aug 14$0.400.491.9%5.10%7.01%851.6K
$8.50Aug 21$0.350.398.3%4.46%12.74%37--
$8.50Aug 28$0.350.418.3%4.46%12.74%5--
$8.50Aug 14$0.300.368.3%3.82%12.10%165207
$8.00Jul 31$0.250.461.9%3.18%5.10%4462.4K
$9.00Aug 21$0.250.3014.7%3.18%17.83%24434.3K
$9.00Aug 28$0.250.3314.7%3.18%17.83%723

Current 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Prior's 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Current Put/Call Breakdown

Total Calls 18,378
Total Puts 5,036
Put/Call Ratio 0.27
Net Difference 13,342

Prior's Put/Call Breakdown

Total Calls 28,585
Total Puts 6,741
Put/Call Ratio 0.24
Net Difference 21,844

Prior 7-Day Put/Call Summary

Total Calls 133,939
Total Puts 185,279
Average Put/Call Ratio 1.05
Ratio Trend Rising

Daily Put/Call History (Last 7 Days)

Date Calls Puts Ratio Net Diff
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Upcoming Earnings - 2 Weeks Prior

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Upcoming Earnings - 1 Week Prior

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Earnings This Week

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Earnings - Day Before / Day After

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Options Activity Around Earnings

Ticker Earnings Date Days Away Call Volume Put Volume IV Rank
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Chart Title

Price — Past 7 Days

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