Tour v462
WEN
WENDYS CO A
$7.65 -0.26%
7/29 19:31

Option Volume

Detail
Current (07/29) 13,389
Calls: 11,152 (83%)
Puts: 2,237 (17%)
Prior (07/28) 13,511
Calls: 11,965 (89%)
Puts: 1,546 (11%)
Current vs Prior -0.90%
Calls: -6.79% (Calls)
Puts: +44.70% (Puts)
Prior 7-Day Total 247,684
Calls: 122,923 (50%)
Puts: 124,761 (50%)
Prior 7-Day Average 35,383
Calls: 17,560 (50%)
Puts: 17,823 (50%)
Current vs Prior 7-Day Avg -62.16%
Calls: -36.49%
Puts: -87.45%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/29) $866.5K
Calls: $770.7K (89%)
Puts: $95.7K (11%)
Prior (07/28) $1.16M
Calls: $1.10M (95%)
Puts: $61.6K (5%)
Current vs Prior -25.35%
Calls: -29.87%
Puts: +55.52%
Prior 7-Day Total $12.84M
Calls: $7.23M (56%)
Puts: $5.61M (44%)
Prior 7-Day Average $1.83M
Calls: $1.03M (56%)
Puts: $801.3K (44%)
Current vs Prior 7-Day Avg -52.76%
Calls: -25.38%
Puts: -88.05%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/29) 0.20
Prior (07/28) 0.13
Current vs Prior +55.24%
Prior 7-Day Average 0.88
Current vs Prior 7-Day Avg -77.31%
Sentiment BULLISH

Open Interest

Detail
Current (07/29) 332,607
Calls: 289,219 (87%)
Puts: 43,388 (13%)
Prior (07/28) 451,524
Calls: 305,153 (68%)
Puts: 146,371 (32%)
Current vs Prior -26.34%
Prior 7-Day Total 3,042,111
Calls: 2,101,780 (69%)
Puts: 940,331 (31%)
Prior 7-Day Average 434,587
Calls: 300,254 (69%)
Puts: 134,333 (31%)
Current vs Prior 7-Day Avg -23.47%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 4.58% | 10.46%12.42% | 17.39%
Prior 5.35% | 9.52%12.65% | 19.69%
Current vs Prior -14.41% | +9.88%-1.81% | -11.69%
Prior 7-Day Avg 4.90% | 8.56%13.24% | 18.13%
Current vs 7-Day Avg -6.70% | +22.19%-6.22% | -4.11%
Prior 7-Day Eod 5.35% | 9.52%12.65% | 19.69%
Current vs 7-Day Eod -14.41% | +9.88%-1.81% | -11.69%
Sentiment BULLISHBULLISH

Relative Spread

Detail
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 ($770.7K) vs puts ($95.7K). Extreme bullish P/C ratio of 0.20 - heavy call buying (11,152 calls vs 2,237 puts). P/C ratio rising 55% - increased hedging/bearish positioning. Call-heavy open interest (289,219 calls vs 43,388 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. 2 found (avg $0.60, cheapest $0.28)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Aug 70.250.30$0.2817.9%3.0K0.392.9K
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.50Aug 70.851.00$0.9316.1%10.77117

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 25 found (avg delta 0.72, highest 0.93)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$6.50Jul 310.701.95$1.3394.0%100.9244
$7.00Jul 310.450.80$0.6355.6%2000.90667
$6.50Aug 70.701.90$1.3092.3%10.89--
$6.50Aug 141.051.60$1.3341.4%10.87--
$6.50Aug 281.001.75$1.3854.3%10.84--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.00Jul 310.701.55$1.1375.2%10.93--
$8.50Aug 70.851.00$0.9316.1%10.77117
$8.00Jul 310.350.50$0.4334.9%1050.74365
$8.50Aug 140.751.30$1.0253.9%10.7310
$8.50Aug 210.901.15$1.0224.5%30.7012

Most actively traded options today. High liquidity = easy entry/exit. 58 active (total vol 9.4K, top 3.0K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Aug 70.250.30$0.2817.9%3.0K0.392.9K
$7.50Jul 310.200.30$0.2540.0%1.1K0.652.9K
$9.00Aug 210.150.25$0.2050.0%1.0K0.2433.5K
$8.00Jul 310.050.10$0.0862.5%8190.263.7K
$8.00Aug 210.350.45$0.4025.0%6850.4342.3K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.50Jul 310.050.15$0.10100.0%3880.35877
$7.00Aug 210.150.20$0.1827.8%2100.257.9K
$7.00Jul 310.000.05$0.03166.7%2010.10--
$8.00Jul 310.350.50$0.4334.9%1050.74365
$8.00Aug 70.500.80$0.6546.2%840.61182

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 10 strikes (avg 58.0%, max 123.7%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$6.50Jul 31Aug 28154.1%68.9%123.7%1144
$9.00Jul 31Sep 4147.9%77.4%90.9%13--
$8.50Jul 31Sep 4107.5%63.3%69.8%431
$8.00Jul 31Sep 490.4%56.7%59.5%8203.7K
$7.00Jul 31Sep 496.5%62.7%53.8%215680
PUTS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$8.00Jul 31Sep 490.4%56.7%59.5%107371
$7.00Jul 31Sep 496.5%62.7%53.8%231--
$8.50Aug 7Aug 2187.2%68.9%26.6%4129
$7.50Jul 31Sep 474.7%61.6%21.3%398877

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 25 found (best R:R 4.00, avg 1.36)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$8.00$8.50Aug 14$0.10$0.40$0.104.00$8.10
$8.00$8.50Aug 7$0.15$0.35$0.152.33$8.15
$7.50$8.00Aug 21$0.15$0.35$0.152.33$7.65
$7.00$7.50Sep 4$0.15$0.35$0.152.33$7.15
$7.50$8.00Jul 31$0.17$0.33$0.171.94$7.67
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$7.50$7.00Aug 14$0.20$0.30$0.201.50$7.30
$7.50$7.00Sep 4$0.20$0.30$0.201.50$7.30
$7.50$7.00Aug 21$0.22$0.28$0.221.27$7.28
$7.50$7.00Aug 28$0.23$0.27$0.231.17$7.27
$7.50$7.00Aug 7$0.25$0.25$0.251.00$7.25

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 30 found (best R:R 3.17, avg 1.24)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$7.00$7.50Jul 31$0.38$0.38$0.123.17$7.38
$7.00$7.50Aug 21$0.35$0.35$0.152.33$7.35
$7.00$7.50Aug 7$0.32$0.32$0.181.78$7.32
$7.00$7.50Aug 14$0.30$0.30$0.201.50$7.30
$7.50$8.00Sep 4$0.30$0.30$0.201.50$7.80
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$8.00$7.50Aug 14$0.37$0.37$0.132.85$7.63
$9.00$8.00Jul 31$0.70$0.70$0.302.33$8.30
$8.50$8.00Aug 21$0.34$0.34$0.162.12$8.16
$8.00$7.50Jul 31$0.33$0.33$0.171.94$7.67
$8.50$8.00Aug 14$0.32$0.32$0.181.78$8.18

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 10 found (avg debit $0.14, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$9.00Jul 31Aug 7$0.05147.9%94.4%
$8.50Jul 31Aug 7$0.10107.5%87.2%
$7.00Jul 31Aug 7$0.1496.5%68.4%
$7.50Jul 31Aug 7$0.2074.7%84.0%
$8.00Jul 31Aug 7$0.2090.4%92.3%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$7.00Jul 31Aug 7$0.0796.5%68.4%
$6.50Aug 21Aug 28$0.0759.5%68.9%
$8.50Aug 7Aug 14$0.0987.2%73.0%
$8.00Jul 31Aug 7$0.2290.4%92.3%
$7.50Jul 31Aug 7$0.2574.7%84.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 22 found (cheapest 4.58% of stock, avg 13.10%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$7.50Jul 31$0.25$0.10$0.35$7.15$7.854.58%
$8.00Jul 31$0.08$0.43$0.51$7.49$8.516.67%
$7.00Jul 31$0.63$0.03$0.66$6.34$7.668.63%
$7.50Aug 7$0.45$0.35$0.80$6.70$8.3010.46%
$7.50Aug 14$0.48$0.33$0.81$6.69$8.3110.59%
$7.00Aug 7$0.77$0.10$0.87$6.13$7.8711.37%
$7.00Aug 14$0.78$0.13$0.91$6.09$7.9111.90%
$8.00Aug 7$0.28$0.65$0.93$7.07$8.9312.16%
$7.50Aug 21$0.55$0.40$0.95$6.55$8.4512.42%
$8.00Aug 14$0.28$0.70$0.98$7.02$8.9812.81%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 45 found (cheapest 0.78% of stock, avg 6.21%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$8.50$7.00Jul 31$0.03$0.03$0.06$6.94$8.56
$9.00$7.00Jul 31$0.03$0.03$0.06$6.94$9.06
$8.00$7.00Jul 31$0.08$0.03$0.11$6.89$8.11
$8.50$7.50Jul 31$0.03$0.10$0.13$7.37$8.63
$9.00$7.50Jul 31$0.03$0.10$0.13$7.37$9.13
$8.00$7.50Jul 31$0.08$0.10$0.18$7.32$8.18
$9.00$7.00Aug 7$0.08$0.10$0.18$6.82$9.18
$8.50$7.00Aug 7$0.13$0.10$0.23$6.77$8.73
$9.00$7.00Aug 14$0.13$0.13$0.26$6.74$9.26
$9.00$6.50Aug 21$0.20$0.08$0.28$6.22$9.28

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 1 found (best R:R 1.50, avg credit $0.30)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
7/88/8Aug 14$0.30$0.201.50$7.20$8.30

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
$8.00$8.50$9.00Jul 31$0.05$0.459.00
$8.00$8.50$9.00Aug 14$0.05$0.459.00
$7.50$8.00$8.50Aug 28$0.05$0.459.00
$8.00$8.50$9.00Aug 7$0.10$0.404.00
$7.00$7.50$8.00Aug 14$0.10$0.404.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$7.00$7.50$8.00Aug 7$0.05$0.459.00
$7.00$7.50$8.00Aug 21$0.06$0.447.33
$7.50$8.00$8.50Aug 21$0.06$0.447.33
$6.50$7.00$7.50Sep 4$0.10$0.404.00
$7.00$7.50$8.00Sep 4$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. 33 found (best net $-0.08, 26 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$7.50$8.001:2Aug 14-$0.08$0.42
$8.00$8.501:2Aug 14-$0.08$0.42
$8.50$9.001:2Aug 14-$0.08$0.42
$7.50$8.001:2Aug 7-$0.11$0.39
$7.00$7.501:2Aug 7-$0.13$0.37
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$7.00$6.501:2Aug 28-$0.08$0.42
$7.00$6.501:2Sep 4-$0.10$0.40
$7.50$7.001:2Sep 4-$0.10$0.40
$8.00$7.501:2Aug 21-$0.12$0.38
$8.00$7.501:2Sep 4-$0.20$0.30

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 12 found (best yield 4.58%, avg 2.40%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$8.00Aug 21$0.350.434.6%4.58%9.15%68542.3K
$8.00Aug 28$0.350.464.6%4.58%9.15%45305
$8.00Aug 7$0.250.394.6%3.27%7.84%3.0K2.9K
$8.00Aug 14$0.200.404.6%2.61%7.19%1682.2K
$8.50Sep 4$0.200.3511.1%2.61%13.73%211
$8.50Aug 21$0.150.2911.1%1.96%13.07%33259
$9.00Aug 21$0.150.2417.6%1.96%19.61%1.0K33.5K
$8.00Sep 4$0.150.454.6%1.96%6.54%1--
$8.50Aug 7$0.100.2211.1%1.31%12.42%1781.3K
$8.50Aug 14$0.100.2711.1%1.31%12.42%15674

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 11,152
Total Puts 2,237
Put/Call Ratio 0.20
Net Difference 8,915

Prior's Put/Call Breakdown

Total Calls 11,965
Total Puts 1,546
Put/Call Ratio 0.13
Net Difference 10,419

Prior 7-Day Put/Call Summary

Total Calls 122,923
Total Puts 124,761
Average Put/Call Ratio 0.88
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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