Tour v390
WEN
WENDYS CO A
$7.40 -3.01%
$7.42 (+0.27%)🌙
as of 07/22 09:23 PM
(7/21 19:15) ◀
|
Wednesday, July 22, 2026 (9:23pm)
January 2026
|
▶ (7/23 19:19)
◀ 7/22 21:23 ▶

Option Volume

Detail
ℹ
Current (07/22) 17,388
Calls: 13,653 (79%)
Puts: 3,735 (21%)
Prior (07/21) 31,029
Calls: 28,183 (91%)
Puts: 2,846 (9%)
Current vs Prior -43.96%
Calls: -51.56% (Calls)
Puts: +31.24% (Puts)
Prior 7-Day Total 317,928
Calls: 138,676 (44%)
Puts: 179,252 (56%)
Prior 7-Day Average 45,418
Calls: 19,810 (44%)
Puts: 25,607 (56%)
Current vs Prior 7-Day Avg -61.72%
Calls: -31.08%
Puts: -85.41%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/22) $1.25M
Calls: $1.08M (86%)
Puts: $172.6K (14%)
Prior (07/21) $1.76M
Calls: $1.59M (90%)
Puts: $168.3K (10%)
Current vs Prior -28.71%
Calls: -32.02%
Puts: +2.57%
Prior 7-Day Total $13.32M
Calls: $7.19M (54%)
Puts: $6.13M (46%)
Prior 7-Day Average $1.90M
Calls: $1.03M (54%)
Puts: $875.9K (46%)
Current vs Prior 7-Day Avg -34.14%
Calls: +5.20%
Puts: -80.29%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/22) 0.27
Prior (07/21) 0.10
Current vs Prior +170.90%
Prior 7-Day Average 1.00
Current vs Prior 7-Day Avg -72.73%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/22) 471,888
Calls: 316,239 (67%)
Puts: 155,649 (33%)
Prior (07/21) 430,016
Calls: 286,138 (67%)
Puts: 143,878 (33%)
Current vs Prior +9.74%
Prior 7-Day Total 3,564,331
Calls: 2,233,418 (63%)
Puts: 1,330,913 (37%)
Prior 7-Day Average 509,190
Calls: 319,059 (63%)
Puts: 190,130 (37%)
Current vs Prior 7-Day Avg -7.33%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 3.78% | 7.16%13.51% | 17.30%
Prior 4.59% | 7.60%12.71% | 18.35%
Current vs Prior -17.51% | -5.78%+6.30% | -5.73%
Prior 7-Day Avg 4.99% | 8.38%6.94% | 17.78%
Current vs 7-Day Avg -24.11% | -14.52%+94.67% | -2.73%
Prior 7-Day Eod 4.59% | 7.60%12.71% | 18.35%
Current vs 7-Day Eod -17.51% | -5.78%+6.30% | -5.73%
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 86% of dollar volume in calls ($1.08M) vs puts ($172.6K). Below-average activity with volume down 44% vs prior. Extreme bullish P/C ratio of 0.27 - heavy call buying (13,653 calls vs 3,735 puts). P/C ratio rising 171% - increased hedging/bearish positioning.

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. 4 found (avg $0.77, cheapest $0.70)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.00Aug 210.650.75$0.7014.3%1270.678.5K
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Jul 310.650.75$0.7014.3%230.77425
$8.00Aug 70.750.85$0.8012.5%820.70126
$8.00Aug 210.800.95$0.8817.0%2680.645.8K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 26 found (avg delta 0.75, highest 0.95)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$6.00Jul 240.752.05$1.4092.9%50.9582
$6.00Jul 311.151.85$1.5046.7%230.9540
$6.00Aug 211.351.60$1.4816.9%90.943.5K
$6.00Aug 70.951.85$1.4064.3%20.93--
$6.50Jul 240.801.50$1.1560.9%10.93--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.50Jul 240.851.25$1.0538.1%150.94124
$8.00Jul 240.550.75$0.6530.8%240.9154.4K
$8.50Jul 310.901.50$1.2050.0%50.84189
$8.50Aug 71.151.30$1.2312.2%60.77--
$8.00Jul 310.650.75$0.7014.3%230.77425

Most actively traded options today. High liquidity = easy entry/exit. 55 active (total vol 8.7K, top 2.4K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.50Jul 240.050.15$0.10100.0%2.4K0.421.5K
$8.00Aug 210.250.35$0.3033.3%7440.3644.1K
$8.00Jul 310.050.15$0.10100.0%5280.242.8K
$8.00Jul 240.000.05$0.03166.7%3680.128.7K
$8.50Jul 240.000.05$0.03166.7%3190.082.0K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.50Jul 240.150.20$0.1827.8%6380.591.9K
$7.50Jul 310.250.35$0.3033.3%3970.54531
$7.00Aug 70.150.20$0.1827.8%3430.301.5K
$8.00Aug 210.800.95$0.8817.0%2680.645.8K
$6.50Aug 210.100.20$0.1566.7%2380.2042

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 12 strikes (avg 79.4%, max 303.8%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$6.00Jul 24Aug 21191.4%47.4%303.8%143.6K
$6.50Jul 24Aug 28132.0%50.8%160.0%3--
$8.50Jul 24Aug 28129.7%75.8%71.0%3292.3K
$8.00Jul 24Aug 2884.3%57.1%47.5%4618.9K
$7.00Jul 24Aug 2172.7%50.2%44.8%3308.7K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$6.50Jul 24Aug 28132.0%50.8%160.0%38307
$8.50Jul 24Aug 7129.7%80.4%61.2%21124
$6.00Aug 7Aug 2165.3%47.4%37.8%187.6K
$8.00Jul 24Aug 2184.3%63.5%32.6%29260.2K
$7.00Jul 24Aug 2872.7%59.5%22.1%14354.8K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 22 found (best R:R 5.67, avg 1.68)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$7.50$8.00Jul 31$0.13$0.37$0.132.85$7.63
$7.50$8.00Aug 21$0.15$0.35$0.152.33$7.65
$7.50$8.00Aug 7$0.17$0.33$0.171.94$7.67
$7.50$8.00Aug 14$0.18$0.32$0.181.78$7.68
$7.50$8.00Aug 28$0.20$0.30$0.201.50$7.70
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$7.00$6.00Aug 7$0.15$0.85$0.155.67$6.85
$7.00$6.50Aug 21$0.10$0.40$0.104.00$6.90
$6.50$6.00Aug 21$0.12$0.38$0.123.17$6.38
$7.50$7.00Jul 24$0.15$0.35$0.152.33$7.35
$7.50$7.00Jul 31$0.22$0.28$0.221.27$7.28

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 28 found (best R:R 4.00, avg 1.36)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$6.00$7.00Aug 21$0.78$0.78$0.223.55$6.78
$6.00$7.00Aug 7$0.77$0.77$0.233.35$6.77
$6.00$7.00Aug 14$0.72$0.72$0.282.57$6.72
$7.00$7.50Jul 24$0.33$0.33$0.171.94$7.33
$6.50$7.50Aug 28$0.64$0.64$0.361.78$7.14
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$8.00$7.50Jul 31$0.40$0.40$0.104.00$7.60
$8.00$7.50Aug 7$0.35$0.35$0.152.33$7.65
$8.00$7.50Aug 14$0.35$0.35$0.152.33$7.65
$8.00$7.50Aug 21$0.33$0.33$0.171.94$7.67
$7.50$7.00Aug 21$0.30$0.30$0.201.50$7.20

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 7 found (avg debit $0.10, cheapest $0.05)

CALLS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$8.50Jul 24Jul 31$0.05129.7%82.1%
$8.00Jul 24Jul 31$0.0784.3%64.0%
$6.00Jul 24Jul 31$0.10191.4%88.6%
$7.50Jul 24Jul 31$0.1362.5%56.8%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$7.00Jul 24Jul 31$0.0572.7%50.1%
$7.50Jul 24Jul 31$0.1262.5%56.8%
$8.50Jul 24Jul 31$0.15129.7%82.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 22 found (cheapest 3.78% of stock, avg 12.99%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$7.50Jul 24$0.10$0.18$0.28$7.22$7.783.78%
$7.00Jul 24$0.43$0.03$0.46$6.54$7.466.22%
$7.50Jul 31$0.23$0.30$0.53$6.97$8.037.16%
$7.00Jul 31$0.48$0.08$0.56$6.44$7.567.57%
$8.00Jul 24$0.03$0.65$0.68$7.32$8.689.19%
$8.00Jul 31$0.10$0.70$0.80$7.20$8.8010.81%
$7.50Aug 7$0.35$0.45$0.80$6.70$8.3010.81%
$7.00Aug 7$0.63$0.18$0.81$6.19$7.8110.95%
$7.00Aug 14$0.68$0.25$0.93$6.07$7.9312.57%
$7.50Aug 14$0.43$0.50$0.93$6.57$8.4312.57%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 33 found (cheapest 0.81% of stock, avg 4.55%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$8.00$7.00Jul 24$0.03$0.03$0.06$6.94$8.06
$8.00$6.50Jul 24$0.03$0.03$0.06$6.44$8.06
$8.50$7.00Jul 24$0.03$0.03$0.06$6.94$8.56
$8.50$6.50Jul 24$0.03$0.03$0.06$6.44$8.56
$7.50$7.00Jul 24$0.10$0.03$0.13$6.87$7.63
$7.50$6.50Jul 24$0.10$0.03$0.13$6.37$7.63
$8.50$6.50Jul 31$0.08$0.05$0.13$6.37$8.63
$8.00$6.50Jul 31$0.10$0.05$0.15$6.35$8.15
$8.50$7.00Jul 31$0.08$0.08$0.16$6.84$8.66
$8.00$7.00Jul 31$0.10$0.08$0.18$6.82$8.18

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 4 found (best R:R 2.85, avg credit $0.30)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
6/67/8Aug 21$0.37$0.132.85$6.13$7.37
6/68/8Aug 21$0.27$0.231.17$6.23$7.77
6/78/8Aug 21$0.25$0.251.00$6.75$7.75
6/78/8Aug 7$0.32$0.680.47$6.68$7.82

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 21 found (best R:R 9.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$7.50$8.00$8.50Aug 21$0.05$0.459.00
$7.50$8.00$8.50Jul 24$0.07$0.436.14
$7.00$7.50$8.00Aug 14$0.07$0.436.14
$7.00$7.50$8.00Aug 21$0.10$0.404.00
$7.50$8.00$8.50Jul 31$0.11$0.393.55
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$7.00$7.50$8.00Aug 7$0.08$0.425.25
$7.50$8.00$8.50Aug 7$0.08$0.425.25
$7.50$8.00$8.50Jul 31$0.10$0.404.00
$7.00$7.50$8.00Aug 14$0.10$0.404.00
$6.50$7.00$7.50Jul 24$0.15$0.352.33

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 32 found (best net $-0.06, 17 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$8.00$8.501:2Jul 31-$0.06$0.44
$7.00$7.501:2Aug 7-$0.07$0.43
$7.50$8.001:2Aug 14-$0.07$0.43
$8.00$8.501:2Aug 21-$0.10$0.40
$8.00$8.501:2Aug 7-$0.12$0.38
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$8.00$7.501:2Aug 7-$0.10$0.40
$8.00$7.501:2Aug 14-$0.15$0.35
$8.50$8.001:2Jul 31-$0.20$0.30
$8.00$7.501:2Aug 21-$0.22$0.28
$8.50$8.001:2Jul 24-$0.25$0.25

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 13 found (best yield 6.08%, avg 3.27%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$7.50Aug 28$0.450.531.4%6.08%7.43%1247
$7.50Aug 21$0.400.491.4%5.41%6.76%6366
$7.50Aug 14$0.350.501.4%4.73%6.08%129431
$7.50Aug 7$0.300.481.4%4.05%5.41%27932
$8.00Aug 21$0.250.368.1%3.38%11.49%74444.1K
$8.00Aug 28$0.250.388.1%3.38%11.49%93129
$7.50Jul 31$0.200.471.4%2.70%4.05%113832
$8.00Aug 14$0.200.348.1%2.70%10.81%451.7K
$8.50Aug 28$0.200.3414.9%2.70%17.57%10266
$8.00Aug 7$0.150.308.1%2.03%10.14%1571.1K

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 13,653
Total Puts 3,735
Put/Call Ratio 0.27
Net Difference 9,918

Prior's Put/Call Breakdown

Total Calls 28,183
Total Puts 2,846
Put/Call Ratio 0.10
Net Difference 25,337

Prior 7-Day Put/Call Summary

Total Calls 138,676
Total Puts 179,252
Average Put/Call Ratio 1.00
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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