Tour v487
WEN
WENDYS CO A
$7.53 +2.31%
$7.54 (+0.14%)🌙
as of 08/03 07:04 PM
8/3 19:04

Option Volume

Detail
Current (08/03) 12,184
Calls: 10,898 (89%)
Puts: 1,286 (11%)
Prior (07/31) 6,885
Calls: 4,654 (68%)
Puts: 2,231 (32%)
Current vs Prior +76.96%
Calls: +134.16% (Calls)
Puts: -42.36% (Puts)
Prior 7-Day Total 209,336
Calls: 90,210 (43%)
Puts: 119,126 (57%)
Prior 7-Day Average 29,905
Calls: 12,887 (43%)
Puts: 17,018 (57%)
Current vs Prior 7-Day Avg -59.26%
Calls: -15.44%
Puts: -92.44%
Sentiment BULLISH

Dollar Volume

Detail
Current (08/03) $455.2K
Calls: $405.1K (89%)
Puts: $50.1K (11%)
Prior (07/31) $358.0K
Calls: $234.3K (65%)
Puts: $123.7K (35%)
Current vs Prior +27.17%
Calls: +72.91%
Puts: -59.46%
Prior 7-Day Total $10.94M
Calls: $5.49M (50%)
Puts: $5.45M (50%)
Prior 7-Day Average $1.56M
Calls: $784.2K (50%)
Puts: $779.2K (50%)
Current vs Prior 7-Day Avg -70.88%
Calls: -48.34%
Puts: -93.56%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/03) 0.12
Prior (07/31) 0.48
Current vs Prior -75.38%
Prior 7-Day Average 0.91
Current vs Prior 7-Day Avg -86.99%
Sentiment BULLISH

Open Interest

Detail
Current (08/03) 359,028
Calls: 271,573 (76%)
Puts: 87,455 (24%)
Prior (07/31) 297,368
Calls: 265,972 (89%)
Puts: 31,396 (11%)
Current vs Prior +20.74%
Prior 7-Day Total 2,709,017
Calls: 2,004,567 (74%)
Puts: 704,450 (26%)
Prior 7-Day Average 387,002
Calls: 286,366 (74%)
Puts: 100,635 (26%)
Current vs Prior 7-Day Avg -7.23%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 7.97% | 10.09%12.62% | 18.59%
Prior 8.97% | 10.87%12.64% | 16.71%
Current vs Prior -11.14% | -7.14%-0.16% | +11.25%
Prior 7-Day Avg 5.41% | 9.64%13.76% | 17.37%
Current vs 7-Day Avg +47.30% | +4.74%-8.34% | +7.02%
Prior 7-Day Eod 8.97% | 10.87%12.64% | 16.71%
Current vs 7-Day Eod -11.14% | -7.14%-0.16% | +11.25%
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 ($405.1K) vs puts ($50.1K). Above-average activity with volume up 77% vs prior. Extreme bullish P/C ratio of 0.12 - heavy call buying (10,898 calls vs 1,286 puts). P/C ratio dropping 75% - sentiment shifting bullish.

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 $0.68, cheapest $0.65)

CALLS (0)
No calls meet the criteria
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Aug 70.600.70$0.6515.4%20.70209
$8.00Aug 140.650.75$0.7014.3%10.6459

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 17 found (avg delta 0.65, highest 0.95)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$6.50Aug 70.951.15$1.0519.0%430.9515
$7.00Aug 70.450.65$0.5536.4%1750.81474
$7.00Aug 140.600.75$0.6822.1%20.7476
$7.00Aug 280.650.95$0.8037.5%40.74186
$7.00Aug 210.700.90$0.8025.0%1970.738.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Aug 70.600.70$0.6515.4%20.70209
$8.00Aug 140.650.75$0.7014.3%10.6459
$8.00Aug 280.700.95$0.8330.1%10.64--
$8.00Aug 210.650.80$0.7320.5%10.625.7K
$7.50Aug 280.400.75$0.5761.4%520.5149

Most actively traded options today. High liquidity = easy entry/exit. 51 active (total vol 8.5K, top 1.9K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Aug 70.100.20$0.1566.7%1.9K0.306.5K
$7.50Aug 70.250.35$0.3033.3%1.2K0.523.0K
$9.00Aug 70.050.10$0.0862.5%9320.142.7K
$8.50Aug 70.050.15$0.10100.0%8220.191.6K
$9.00Aug 210.100.30$0.20100.0%7990.2433.7K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.50Aug 70.250.35$0.3033.3%3670.481.1K
$7.00Aug 70.050.10$0.0862.5%3050.202.5K
$7.00Aug 210.200.25$0.2321.7%1060.287.9K
$7.50Aug 140.300.45$0.3839.5%530.4850.5K
$7.50Aug 280.400.75$0.5761.4%520.5149

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 9 strikes (avg 65.1%, max 94.4%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$9.00Aug 7Sep 11150.1%77.2%94.4%9552.7K
$8.50Aug 7Sep 11129.3%70.7%83.0%8241.6K
$7.50Aug 7Sep 1197.0%59.8%62.1%1.2K3.0K
$8.00Aug 7Sep 11107.6%69.1%55.8%1.9K6.5K
$7.00Aug 7Sep 1183.1%55.0%50.9%176474
PUTS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$6.50Aug 7Sep 1197.4%58.2%67.3%10747
$7.50Aug 7Sep 1197.0%59.8%62.1%3731.1K
$8.00Aug 7Aug 28107.6%67.6%59.1%3209
$7.00Aug 7Sep 1183.1%55.0%50.9%3152.5K

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 1.78)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$8.00$8.50Aug 14$0.10$0.40$0.104.00$8.10
$7.50$8.00Sep 11$0.10$0.40$0.104.00$7.60
$7.50$8.00Aug 14$0.13$0.37$0.132.85$7.63
$8.00$8.50Sep 11$0.13$0.37$0.132.85$8.13
$7.50$8.00Aug 7$0.15$0.35$0.152.33$7.65
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$7.00$6.50Aug 28$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$6.50Sep 11$0.15$0.35$0.152.33$6.85
$7.50$7.00Aug 21$0.20$0.30$0.201.50$7.30
$7.00$6.50Sep 4$0.20$0.30$0.201.50$6.80

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 28 found (best R:R 2.85, avg 0.96)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$7.00$7.50Aug 28$0.37$0.37$0.132.85$7.37
$7.00$7.50Aug 14$0.30$0.30$0.201.50$7.30
$7.00$7.50Aug 21$0.28$0.28$0.221.27$7.28
$7.00$7.50Sep 11$0.27$0.27$0.231.17$7.27
$7.00$7.50Aug 7$0.25$0.25$0.251.00$7.25
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$8.00$7.50Aug 7$0.35$0.35$0.152.33$7.65
$7.50$7.00Aug 28$0.35$0.35$0.152.33$7.15
$8.00$7.50Aug 14$0.32$0.32$0.181.78$7.68
$8.00$7.50Aug 21$0.30$0.30$0.201.50$7.70
$7.50$7.00Sep 11$0.28$0.28$0.221.27$7.22

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 6 found (avg debit $0.09, cheapest $0.05)

CALLS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$7.50Aug 7Aug 14$0.0897.0%71.7%
$8.00Aug 7Aug 14$0.10107.6%86.1%
$7.00Aug 7Aug 14$0.1383.1%68.3%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$6.50Aug 7Aug 21$0.0597.4%65.6%
$7.00Aug 7Aug 14$0.0783.1%68.3%
$7.50Aug 7Aug 14$0.0897.0%71.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 16 found (cheapest 7.97% of stock, avg 12.56%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$7.50Aug 7$0.30$0.30$0.60$6.90$8.107.97%
$7.00Aug 7$0.55$0.08$0.63$6.37$7.638.37%
$7.50Aug 14$0.38$0.38$0.76$6.74$8.2610.09%
$8.00Aug 7$0.15$0.65$0.80$7.20$8.8010.62%
$7.00Aug 14$0.68$0.15$0.83$6.17$7.8311.02%
$8.00Aug 14$0.25$0.70$0.95$7.05$8.9512.62%
$7.50Aug 21$0.52$0.43$0.95$6.55$8.4512.62%
$7.50Aug 28$0.43$0.57$1.00$6.50$8.5013.28%
$7.00Aug 28$0.80$0.22$1.02$5.98$8.0213.55%
$7.00Aug 21$0.80$0.23$1.03$5.97$8.0313.68%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 47 found (cheapest 1.46% of stock, avg 6.17%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$9.00$6.50Aug 7$0.08$0.03$0.11$6.39$9.11
$8.50$6.50Aug 7$0.10$0.03$0.13$6.37$8.63
$9.00$7.00Aug 7$0.08$0.08$0.16$6.84$9.16
$8.00$6.50Aug 7$0.15$0.03$0.18$6.32$8.18
$8.50$7.00Aug 7$0.10$0.08$0.18$6.82$8.68
$8.00$7.00Aug 7$0.15$0.08$0.23$6.77$8.23
$8.50$6.50Aug 21$0.15$0.08$0.23$6.27$8.73
$9.00$7.00Aug 14$0.10$0.15$0.25$6.75$9.25
$9.00$6.50Aug 21$0.20$0.08$0.28$6.22$9.28
$9.00$6.50Aug 28$0.18$0.10$0.28$6.22$9.28

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 7 found (best R:R 2.85, avg credit $0.31)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
6/78/8Aug 21$0.37$0.132.85$6.63$7.87
7/88/8Aug 21$0.35$0.152.33$7.15$8.35
7/88/8Aug 14$0.33$0.171.94$7.17$8.33
6/78/8Aug 21$0.30$0.201.50$6.70$8.30
6/78/8Sep 11$0.28$0.221.27$6.72$8.28
6/78/8Aug 28$0.27$0.231.17$6.73$7.77
6/78/8Sep 11$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. 19 found (best R:R 7.33, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$7.00$7.50$8.00Aug 21$0.06$0.447.33
$8.00$8.50$9.00Sep 4$0.06$0.447.33
$7.50$8.00$8.50Aug 21$0.07$0.436.14
$8.00$8.50$9.00Sep 11$0.08$0.425.25
$7.00$7.50$8.00Aug 7$0.10$0.404.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$7.00$7.50$8.00Aug 14$0.09$0.414.56
$7.00$7.50$8.00Aug 21$0.10$0.404.00
$7.00$7.50$8.00Aug 7$0.13$0.372.85
$6.50$7.00$7.50Sep 11$0.13$0.372.85
$6.50$7.00$7.50Aug 7$0.17$0.331.94

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 $-0.05, 26 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$6.50$7.001:2Aug 7-$0.05$0.45
$8.00$8.501:2Aug 7-$0.05$0.45
$8.50$9.001:2Aug 14-$0.05$0.45
$8.50$9.001:2Aug 7-$0.06$0.44
$7.00$7.501:2Aug 28-$0.06$0.44
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$7.00$6.501:2Sep 11-$0.05$0.45
$8.00$7.501:2Aug 14-$0.06$0.44
$7.50$7.001:2Sep 11-$0.07$0.43
$8.00$7.501:2Aug 21-$0.13$0.37
$8.00$7.501:2Aug 28-$0.31$0.19

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 14 found (best yield 3.98%, avg 2.09%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$8.00Sep 11$0.300.406.2%3.98%10.23%1020
$8.00Aug 21$0.250.406.2%3.32%9.56%46342.6K
$8.00Aug 14$0.200.366.2%2.66%8.90%2512.4K
$8.50Aug 28$0.200.2812.9%2.66%15.54%59175
$8.50Sep 11$0.200.3012.9%2.66%15.54%2--
$8.00Aug 28$0.150.346.2%1.99%8.23%42413
$9.00Aug 28$0.150.2119.5%1.99%21.51%25175
$9.00Sep 11$0.150.2519.5%1.99%21.51%23--
$8.00Aug 7$0.100.306.2%1.33%7.57%1.9K6.5K
$8.50Aug 14$0.100.2312.9%1.33%14.21%156686

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 10,898
Total Puts 1,286
Put/Call Ratio 0.12
Net Difference 9,612

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 90,210
Total Puts 119,126
Average Put/Call Ratio 0.91
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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