Tour v394
WEN
WENDYS CO A
$7.17 -3.11%
$7.18 (+0.13%)🌙
as of 07/23 07:19 PM
(7/22 21:23) ◀
|
Thursday, July 23, 2026 (7:19pm)
January 2026
|
▶ (7/24 04:11)
◀ 7/23 19:19 ▶

Option Volume

Detail
ℹ
Current (07/23) 17,419
Calls: 14,042 (81%)
Puts: 3,377 (19%)
Prior (07/22) 17,388
Calls: 13,653 (79%)
Puts: 3,735 (21%)
Current vs Prior +0.18%
Calls: +2.85% (Calls)
Puts: -9.59% (Puts)
Prior 7-Day Total 169,695
Calls: 131,758 (78%)
Puts: 37,937 (22%)
Prior 7-Day Average 24,242
Calls: 18,822 (78%)
Puts: 5,419 (22%)
Current vs Prior 7-Day Avg -28.15%
Calls: -25.40%
Puts: -37.69%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/23) $1.13M
Calls: $947.5K (84%)
Puts: $186.7K (16%)
Prior (07/22) $1.25M
Calls: $1.08M (86%)
Puts: $172.6K (14%)
Current vs Prior -9.52%
Calls: -12.34%
Puts: +8.18%
Prior 7-Day Total $9.44M
Calls: $7.48M (79%)
Puts: $1.96M (21%)
Prior 7-Day Average $1.35M
Calls: $1.07M (79%)
Puts: $280.1K (21%)
Current vs Prior 7-Day Avg -15.92%
Calls: -11.35%
Puts: -33.35%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/23) 0.24
Prior (07/22) 0.27
Current vs Prior -12.09%
Prior 7-Day Average 0.33
Current vs Prior 7-Day Avg -26.73%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/23) 455,411
Calls: 301,383 (66%)
Puts: 154,028 (34%)
Prior (07/22) 471,888
Calls: 316,239 (67%)
Puts: 155,649 (33%)
Current vs Prior -3.49%
Prior 7-Day Total 3,566,439
Calls: 2,210,550 (62%)
Puts: 1,355,889 (38%)
Prior 7-Day Average 509,491
Calls: 315,792 (62%)
Puts: 193,698 (38%)
Current vs Prior 7-Day Avg -10.61%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 3.21% | 6.42%12.55% | 16.46%
Prior 3.78% | 7.16%13.51% | 17.30%
Current vs Prior -15.22% | -10.42%-7.11% | -4.86%
Prior 7-Day Avg 4.76% | 8.20%8.11% | 17.68%
Current vs 7-Day Avg -32.68% | -21.78%+54.77% | -6.92%
Prior 7-Day Eod 3.78% | 7.16%13.51% | 17.30%
Current vs 7-Day Eod -15.22% | -10.42%-7.11% | -4.86%
Sentiment BULLISHBULLISH

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 84% of dollar volume in calls ($947.5K) vs puts ($186.7K). Extreme bullish P/C ratio of 0.24 - heavy call buying (14,042 calls vs 3,377 puts). Call-heavy open interest (301,383 calls vs 154,028 puts) suggests bullish 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. 1 found (avg $0.55, cheapest $0.55)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.00Aug 210.500.60$0.5518.2%1220.608.5K
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 28 found (avg delta 0.76, highest 0.94)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$6.00Jul 310.751.85$1.3084.6%10.94--
$6.00Jul 241.101.85$1.4850.7%20.93--
$6.50Jul 240.251.10$0.68125.0%10.91--
$6.00Aug 211.001.35$1.1829.7%970.883.5K
$6.50Jul 310.500.90$0.7057.1%10.8743
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.50Jul 241.002.00$1.5066.7%40.93124
$8.00Jul 240.551.35$0.9584.2%960.9054.4K
$8.50Jul 310.951.65$1.3053.8%840.89187
$7.50Jul 240.250.40$0.3345.5%4490.841.9K
$8.00Jul 310.801.10$0.9531.6%100.83404

Most actively traded options today. High liquidity = easy entry/exit. 62 active (total vol 11.0K, top 2.6K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.50Aug 210.350.45$0.4025.0%2.6K0.44112
$7.50Jul 240.000.05$0.03166.7%1.1K0.152.7K
$7.50Jul 310.100.15$0.1338.5%1.1K0.33903
$8.00Aug 210.200.25$0.2321.7%9260.3044.2K
$8.00Aug 140.150.25$0.2050.0%3740.291.7K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.00Aug 210.300.40$0.3528.6%5560.417.5K
$7.50Jul 240.250.40$0.3345.5%4490.841.9K
$6.50Aug 70.050.15$0.10100.0%2790.19577
$6.00Aug 210.050.10$0.0862.5%2770.127.2K
$7.00Aug 70.200.30$0.2540.0%2250.391.8K

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 164.7%, max 311.8%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$6.00Jul 24Aug 21240.6%58.4%311.8%993.5K
$6.50Jul 24Aug 21151.3%52.4%188.9%551
$8.50Jul 24Aug 28226.9%78.9%187.4%162.0K
$8.00Jul 24Aug 28163.5%67.4%142.6%2768.8K
$7.50Jul 24Aug 2889.4%61.0%46.6%1.3K2.7K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$6.00Jul 24Aug 21240.6%58.4%311.8%2877.2K
$6.50Jul 24Aug 28151.3%46.0%229.0%5339
$8.50Jul 24Aug 21226.9%75.5%200.7%9124
$8.00Jul 24Sep 4163.5%70.0%133.6%9754.4K
$7.50Jul 24Aug 2889.4%61.0%46.6%4592.0K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 23 found (best R:R 4.00, avg 1.62)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$7.50$8.00Aug 7$0.10$0.40$0.104.00$7.60
$7.50$8.00Aug 28$0.10$0.40$0.104.00$7.60
$7.50$8.00Aug 14$0.13$0.37$0.132.85$7.63
$7.00$7.50Aug 21$0.15$0.35$0.152.33$7.15
$7.00$7.50Aug 28$0.15$0.35$0.152.33$7.15
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$7.00$6.50Aug 7$0.15$0.35$0.152.33$6.85
$8.00$7.50Aug 7$0.20$0.30$0.201.50$7.80
$7.00$6.50Aug 14$0.20$0.30$0.201.50$6.80
$7.00$6.50Aug 21$0.20$0.30$0.201.50$6.80
$7.00$6.50Aug 28$0.23$0.27$0.231.17$6.77

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 26 found (best R:R 2.85, avg 1.09)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$6.50$7.00Jul 31$0.37$0.37$0.132.85$6.87
$6.00$6.50Aug 21$0.35$0.35$0.152.33$6.35
$6.50$7.00Aug 7$0.30$0.30$0.201.50$6.80
$6.50$7.00Aug 21$0.28$0.28$0.221.27$6.78
$6.50$7.50Aug 14$0.47$0.47$0.530.89$6.97
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$8.50$8.00Jul 31$0.35$0.35$0.152.33$8.15
$7.50$7.00Aug 14$0.33$0.33$0.171.94$7.17
$7.50$7.00Aug 21$0.33$0.33$0.171.94$7.17
$7.50$7.00Jul 31$0.32$0.32$0.181.78$7.18
$8.00$7.00Sep 4$0.63$0.63$0.371.70$7.37

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 5 found (avg debit $0.10, cheapest $0.05)

CALLS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$8.00Jul 24Jul 31$0.05163.5%75.0%
$7.50Jul 24Jul 31$0.1089.4%57.6%
$7.00Jul 24Jul 31$0.1357.1%49.8%
PUTS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$7.00Jul 24Jul 31$0.1057.1%49.8%
$7.50Jul 24Jul 31$0.1289.4%57.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 27 found (cheapest 3.21% of stock, avg 13.97%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$7.00Jul 24$0.20$0.03$0.23$6.77$7.233.21%
$7.50Jul 24$0.03$0.33$0.36$7.14$7.865.02%
$7.00Jul 31$0.33$0.13$0.46$6.54$7.466.42%
$7.50Jul 31$0.13$0.45$0.58$6.92$8.088.09%
$7.00Aug 7$0.45$0.25$0.70$6.30$7.709.76%
$6.50Jul 24$0.68$0.03$0.71$5.79$7.219.90%
$6.50Jul 31$0.70$0.05$0.75$5.75$7.2510.46%
$6.50Aug 7$0.75$0.10$0.85$5.65$7.3511.85%
$6.50Aug 14$0.80$0.10$0.90$5.60$7.4012.55%
$7.00Aug 21$0.55$0.35$0.90$6.10$7.9012.55%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 45 found (cheapest 0.84% of stock, avg 4.50%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$7.50$7.00Jul 24$0.03$0.03$0.06$6.94$7.56
$7.50$6.50Jul 24$0.03$0.03$0.06$6.44$7.56
$7.50$6.00Jul 24$0.03$0.03$0.06$5.94$7.56
$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
$8.00$6.00Jul 24$0.03$0.03$0.06$5.94$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
$8.50$6.00Jul 24$0.03$0.03$0.06$5.94$8.56
$8.50$6.00Jul 31$0.05$0.03$0.08$5.92$8.58

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 4 found (best R:R 2.85, avg credit $0.32)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
6/78/8Aug 21$0.37$0.132.85$6.63$7.87
6/78/8Aug 14$0.33$0.171.94$6.67$7.83
6/78/8Aug 28$0.33$0.171.94$6.67$7.83
6/78/8Aug 7$0.25$0.251.00$6.75$7.75

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 26 found (best R:R 9.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$7.50$8.00$8.50Aug 7$0.05$0.459.00
$7.00$7.50$8.00Aug 28$0.05$0.459.00
$7.00$7.50$8.00Aug 7$0.07$0.436.14
$6.00$6.50$7.00Aug 21$0.07$0.436.14
$7.50$8.00$8.50Aug 14$0.08$0.425.25
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$6.00$6.50$7.00Jul 31$0.06$0.447.33
$7.00$7.50$8.00Aug 21$0.07$0.436.14
$6.50$7.00$7.50Aug 14$0.13$0.372.85
$6.00$6.50$7.00Aug 21$0.13$0.372.85
$6.50$7.00$7.50Aug 21$0.13$0.372.85

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 31 found (best net $-0.06, 20 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$7.50$8.001:2Aug 21-$0.06$0.44
$7.50$8.001:2Aug 14-$0.07$0.43
$7.50$8.001:2Aug 7-$0.08$0.42
$8.00$8.501:2Aug 7-$0.08$0.42
$6.00$6.501:2Jul 31-$0.10$0.40
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$7.50$7.001:2Aug 28-$0.13$0.37
$8.00$7.501:2Aug 21-$0.28$0.22
$8.50$8.001:2Aug 7-$0.37$0.13
$8.50$8.001:2Jul 24-$0.40$0.10
$8.00$7.501:2Aug 7-$0.50$0.00

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 11 found (best yield 4.88%, avg 2.60%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$7.50Aug 21$0.350.444.6%4.88%9.48%2.6K112
$7.50Aug 28$0.300.444.6%4.18%8.79%19655
$7.50Aug 14$0.250.424.6%3.49%8.09%106431
$7.50Aug 7$0.200.414.6%2.79%7.39%145950
$8.00Aug 21$0.200.3011.6%2.79%14.37%92644.2K
$8.00Aug 7$0.150.2711.6%2.09%13.67%821.2K
$8.00Aug 14$0.150.2911.6%2.09%13.67%3741.7K
$8.50Aug 21$0.150.2518.6%2.09%20.64%20156
$7.50Jul 31$0.100.334.6%1.39%6.00%1.1K903
$8.50Aug 7$0.100.1918.6%1.39%19.94%32987

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 14,042
Total Puts 3,377
Put/Call Ratio 0.24
Net Difference 10,665

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 131,758
Total Puts 37,937
Average Put/Call Ratio 0.33
Ratio Trend Falling

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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