Tour v477
WEN
WENDYS CO A
$7.36 +0.00%
$7.34 (-0.29%)🌙
as of 07/31 07:19 PM
7/31 19:19

Option Volume

Detail
Current (07/31) 6,885
Calls: 4,654 (68%)
Puts: 2,231 (32%)
Prior (07/30) 13,209
Calls: 11,695 (89%)
Puts: 1,514 (11%)
Current vs Prior -47.88%
Calls: -60.21% (Calls)
Puts: +47.36% (Puts)
Prior 7-Day Total 219,839
Calls: 99,209 (45%)
Puts: 120,630 (55%)
Prior 7-Day Average 31,405
Calls: 14,172 (45%)
Puts: 17,232 (55%)
Current vs Prior 7-Day Avg -78.08%
Calls: -67.16%
Puts: -87.05%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/31) $358.0K
Calls: $234.3K (65%)
Puts: $123.7K (35%)
Prior (07/30) $891.7K
Calls: $810.5K (91%)
Puts: $81.1K (9%)
Current vs Prior -59.85%
Calls: -71.09%
Puts: +52.50%
Prior 7-Day Total $11.84M
Calls: $6.34M (54%)
Puts: $5.50M (46%)
Prior 7-Day Average $1.69M
Calls: $905.2K (54%)
Puts: $786.2K (46%)
Current vs Prior 7-Day Avg -78.83%
Calls: -74.12%
Puts: -84.27%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/31) 0.48
Prior (07/30) 0.13
Current vs Prior +270.29%
Prior 7-Day Average 0.88
Current vs Prior 7-Day Avg -45.37%
Sentiment BULLISH

Open Interest

Detail
Current (07/31) 297,368
Calls: 265,972 (89%)
Puts: 31,396 (11%)
Prior (07/30) 416,672
Calls: 274,464 (66%)
Puts: 142,208 (34%)
Current vs Prior -28.63%
Prior 7-Day Total 2,883,537
Calls: 2,054,834 (71%)
Puts: 828,703 (29%)
Prior 7-Day Average 411,933
Calls: 293,547 (71%)
Puts: 118,386 (29%)
Current vs Prior 7-Day Avg -27.81%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 2.45% | 8.97%12.64% | 16.71%
Prior 4.48% | 9.65%20.11% | 17.39%
Current vs Prior +100.00% | +12.68%-37.16% | -3.91%
Prior 7-Day Avg 4.67% | 9.11%13.89% | 17.46%
Current vs 7-Day Avg +92.06% | +19.36%-9.02% | -4.27%
Prior 7-Day Eod 4.48% | 9.65%20.11% | 17.39%
Current vs 7-Day Eod +100.00% | +12.68%-37.16% | -3.91%
Sentiment BEARISHBULLISH

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

Moderately bullish flow with 65% call dollar volume ($234.3K). Light premium activity with dollar volume down 60% vs prior. Below-average activity with volume down 48% vs prior. Extreme bullish P/C ratio of 0.48 - heavy call buying (4,654 calls vs 2,231 puts).

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 $0.58, cheapest $0.28)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.50Aug 70.250.30$0.2817.9%4870.473.0K
$7.50Aug 140.300.35$0.3215.6%710.462.1K
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Aug 140.750.90$0.8318.1%100.69--
$8.00Aug 210.800.95$0.8817.0%580.665.8K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 21 found (avg delta 0.73, highest 0.95)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$6.00Aug 71.002.00$1.5066.7%10.9530
$6.50Jul 310.451.40$0.93102.2%50.92--
$6.00Jul 311.001.55$1.2743.3%310.9159
$7.00Jul 310.350.55$0.4544.4%1190.86393
$6.50Aug 210.851.20$1.0234.3%10.83--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.50Jul 310.901.60$1.2556.0%100.91124
$8.00Jul 310.500.70$0.6033.3%760.89331
$8.50Aug 70.951.55$1.2548.0%300.86117
$7.50Jul 310.050.25$0.15133.3%6180.771.1K
$8.00Aug 70.700.90$0.8025.0%210.75204

Most actively traded options today. High liquidity = easy entry/exit. 54 active (total vol 4.3K, top 618)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.50Aug 70.250.30$0.2817.9%4870.473.0K
$7.50Jul 310.000.05$0.03166.7%3860.232.6K
$8.00Aug 70.100.15$0.1338.5%3480.266.5K
$8.00Aug 210.200.30$0.2540.0%2120.3442.5K
$8.00Aug 140.150.25$0.2050.0%1530.312.3K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.50Jul 310.050.25$0.15133.3%6180.771.1K
$7.00Aug 70.100.20$0.1566.7%3570.292.2K
$7.50Aug 70.300.45$0.3839.5%2320.54832
$7.00Aug 210.200.30$0.2540.0%1320.347.8K
$8.00Jul 310.500.70$0.6033.3%760.89331

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 1276.2%, max 2026.1%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$6.00Jul 31Aug 72113.3%99.4%2026.1%3289
$6.50Jul 31Aug 211208.1%58.6%1960.7%6--
$8.50Jul 31Aug 281304.4%68.9%1793.0%231.6K
$8.00Jul 31Sep 11873.7%51.3%1602.0%794.0K
$7.00Jul 31Sep 4629.6%41.8%1405.5%158423
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$6.50Jul 31Sep 111208.1%62.6%1830.5%7--
$7.00Jul 31Sep 4629.6%41.8%1405.5%38--
$8.50Jul 31Aug 71304.4%94.7%1277.7%40241
$8.00Jul 31Aug 21873.7%69.3%1160.7%1346.1K
$7.50Jul 31Aug 21334.6%65.9%407.7%6521.6K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 18 found (best R:R 4.00, avg 1.97)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$8.00$8.50Aug 14$0.10$0.40$0.104.00$8.10
$7.50$8.00Aug 14$0.12$0.38$0.123.17$7.62
$7.50$8.00Aug 7$0.15$0.35$0.152.33$7.65
$7.50$8.00Aug 21$0.15$0.35$0.152.33$7.65
$7.50$8.00Aug 28$0.18$0.32$0.181.78$7.68
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$7.00$6.50Sep 4$0.10$0.40$0.104.00$6.90
$7.50$7.00Jul 31$0.12$0.38$0.123.17$7.38
$7.00$6.50Aug 7$0.12$0.38$0.123.17$6.88
$7.00$6.50Aug 21$0.15$0.35$0.152.33$6.85
$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. 22 found (best R:R 2.85, avg 1.05)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$6.50$7.00Aug 21$0.37$0.37$0.132.85$6.87
$6.00$6.50Jul 31$0.34$0.34$0.162.12$6.34
$7.50$8.00Sep 11$0.32$0.32$0.181.78$7.82
$7.00$7.50Aug 7$0.25$0.25$0.251.00$7.25
$7.00$7.50Aug 14$0.25$0.25$0.251.00$7.25
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$8.00$7.50Aug 14$0.35$0.35$0.152.33$7.65
$8.00$7.50Aug 21$0.35$0.35$0.152.33$7.65
$7.50$7.00Aug 14$0.33$0.33$0.171.94$7.17
$7.50$7.00Aug 21$0.28$0.28$0.221.27$7.22
$7.50$7.00Aug 7$0.23$0.23$0.270.85$7.27

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
$8.50Jul 31Aug 7$0.051304.4%94.7%
$7.00Jul 31Aug 7$0.08629.6%77.9%
$6.50Jul 31Aug 21$0.091208.1%58.6%
$8.00Jul 31Aug 7$0.10873.7%82.1%
$6.00Jul 31Aug 7$0.232113.3%99.4%
PUTS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$6.00Aug 7Aug 21$0.0599.4%74.8%
$7.00Jul 31Aug 7$0.12629.6%77.9%
$8.00Jul 31Aug 7$0.20873.7%82.1%
$7.50Jul 31Aug 7$0.23334.6%79.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 18 found (cheapest 2.45% of stock, avg 12.30%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$7.50Jul 31$0.03$0.15$0.18$7.32$7.682.45%
$7.00Jul 31$0.45$0.03$0.48$6.52$7.486.52%
$8.00Jul 31$0.03$0.60$0.63$7.37$8.638.56%
$7.50Aug 7$0.28$0.38$0.66$6.84$8.168.97%
$7.00Aug 7$0.53$0.15$0.68$6.32$7.689.24%
$7.00Aug 14$0.57$0.15$0.72$6.28$7.729.78%
$7.50Aug 14$0.32$0.48$0.80$6.70$8.3010.87%
$7.00Aug 21$0.65$0.25$0.90$6.10$7.9012.23%
$8.00Aug 7$0.13$0.80$0.93$7.07$8.9312.64%
$7.50Aug 21$0.40$0.53$0.93$6.57$8.4312.64%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 39 found (cheapest 0.82% of stock, avg 4.40%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$7.50$7.00Jul 31$0.03$0.03$0.06$6.94$7.56
$7.50$6.50Jul 31$0.03$0.03$0.06$6.44$7.56
$8.00$7.00Jul 31$0.03$0.03$0.06$6.94$8.06
$8.00$6.50Jul 31$0.03$0.03$0.06$6.44$8.06
$8.50$7.00Jul 31$0.03$0.03$0.06$6.94$8.56
$8.50$6.50Jul 31$0.03$0.03$0.06$6.44$8.56
$8.50$6.50Aug 7$0.08$0.03$0.11$6.39$8.61
$8.50$6.00Aug 7$0.08$0.03$0.11$5.89$8.61
$8.00$6.50Aug 7$0.13$0.03$0.16$6.34$8.16
$8.00$6.00Aug 7$0.13$0.03$0.16$5.84$8.16

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 3 found (best R:R 2.57, avg credit $0.31)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
6/78/8Aug 28$0.36$0.142.57$6.64$7.86
6/78/8Aug 21$0.30$0.201.50$6.70$7.80
6/78/8Aug 7$0.27$0.231.17$6.73$7.77

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 19 found (best R:R 7.33, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$6.50$7.00$7.50Jul 31$0.06$0.447.33
$7.50$8.00$8.50Aug 28$0.08$0.425.25
$7.00$7.50$8.00Aug 7$0.10$0.404.00
$7.50$8.00$8.50Aug 7$0.10$0.404.00
$7.00$7.50$8.00Aug 21$0.10$0.404.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$7.00$7.50$8.00Aug 21$0.07$0.436.14
$6.50$7.00$7.50Aug 7$0.11$0.393.55
$6.50$7.00$7.50Jul 31$0.12$0.383.17
$6.00$6.50$7.00Aug 7$0.12$0.383.17
$6.00$6.50$7.00Aug 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. 23 found (best net $-0.06, 14 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$7.00$7.501:2Aug 14-$0.07$0.43
$7.50$8.001:2Aug 14-$0.08$0.42
$7.50$8.001:2Aug 21-$0.10$0.40
$8.00$8.501:2Aug 28-$0.10$0.40
$7.50$8.001:2Aug 28-$0.12$0.38
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$6.50$6.001:2Aug 21-$0.06$0.44
$7.00$6.501:2Sep 4-$0.08$0.42
$6.50$6.001:2Sep 11-$0.11$0.39
$8.00$7.501:2Aug 14-$0.13$0.37
$8.00$7.501:2Aug 21-$0.18$0.32

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 12 found (best yield 5.43%, avg 3.23%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$7.50Aug 28$0.400.501.9%5.43%7.34%4209
$7.50Sep 11$0.400.511.9%5.43%7.34%1--
$7.50Aug 14$0.300.461.9%4.08%5.98%712.1K
$7.50Aug 21$0.300.481.9%4.08%5.98%465.7K
$7.50Aug 7$0.250.471.9%3.40%5.30%4873.0K
$8.00Aug 28$0.250.368.7%3.40%12.09%108314
$8.00Aug 21$0.200.348.7%2.72%11.41%21242.5K
$8.00Sep 4$0.200.348.7%2.72%11.41%248
$8.00Aug 14$0.150.318.7%2.04%10.73%1532.3K
$8.50Aug 21$0.150.2615.5%2.04%17.53%40294

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 4,654
Total Puts 2,231
Put/Call Ratio 0.48
Net Difference 2,423

Prior's Put/Call Breakdown

Total Calls 11,695
Total Puts 1,514
Put/Call Ratio 0.13
Net Difference 10,181

Prior 7-Day Put/Call Summary

Total Calls 99,209
Total Puts 120,630
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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