Tour v490
WEN
WENDYS CO A
$7.69 +2.12%
$7.68 (-0.13%)🌙
as of 08/04 07:22 PM
(8/3 19:04) ◀
|
Tuesday, August 4, 2026 (7:22pm)
January 2026
|
▶ (8/5 19:23)
◀ 8/4 19:22 ▶

Option Volume

Detail
ℹ
Current (08/04) 17,217
Calls: 12,293 (71%)
Puts: 4,924 (29%)
Prior (08/03) 12,184
Calls: 10,898 (89%)
Puts: 1,286 (11%)
Current vs Prior +41.31%
Calls: +12.80% (Calls)
Puts: +282.89% (Puts)
Prior 7-Day Total 204,101
Calls: 87,066 (43%)
Puts: 117,035 (57%)
Prior 7-Day Average 29,157
Calls: 12,438 (43%)
Puts: 16,719 (57%)
Current vs Prior 7-Day Avg -40.95%
Calls: -1.17%
Puts: -70.55%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/04) $1.05M
Calls: $548.4K (52%)
Puts: $505.6K (48%)
Prior (08/03) $455.2K
Calls: $405.1K (89%)
Puts: $50.1K (11%)
Current vs Prior +131.53%
Calls: +35.38%
Puts: +908.32%
Prior 7-Day Total $10.27M
Calls: $4.95M (48%)
Puts: $5.32M (52%)
Prior 7-Day Average $1.47M
Calls: $706.7K (48%)
Puts: $759.7K (52%)
Current vs Prior 7-Day Avg -28.12%
Calls: -22.40%
Puts: -33.44%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/04) 0.40
Prior (08/03) 0.12
Current vs Prior +239.44%
Prior 7-Day Average 0.89
Current vs Prior 7-Day Avg -54.96%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/04) 434,359
Calls: 296,166 (68%)
Puts: 138,193 (32%)
Prior (08/03) 359,028
Calls: 271,573 (76%)
Puts: 87,455 (24%)
Current vs Prior +20.98%
Prior 7-Day Total 2,612,634
Calls: 1,974,757 (76%)
Puts: 637,877 (24%)
Prior 7-Day Average 373,233
Calls: 282,108 (76%)
Puts: 91,125 (24%)
Current vs Prior 7-Day Avg +16.38%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 8.19% | 11.44%11.44% | 18.21%
Prior 7.97% | 10.09%12.62% | 18.59%
Current vs Prior +2.82% | +13.38%-9.30% | -2.08%
Prior 7-Day Avg 6.09% | 10.16%13.77% | 17.68%
Current vs 7-Day Avg +34.53% | +12.61%-16.91% | +2.98%
Prior 7-Day Eod 7.97% | 10.09%12.62% | 18.59%
Current vs 7-Day Eod +2.82% | +13.38%-9.30% | -2.08%
Sentiment BEARISHBULLISH

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

Massive premium surge with dollar volume up 132% vs prior. Extreme bullish P/C ratio of 0.40 - heavy call buying (12,293 calls vs 4,924 puts). P/C ratio rising 239% - increased hedging/bearish positioning. Call-heavy open interest (296,166 calls vs 138,193 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 BEARISH
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 1 of results (avg 9.4%, best 9.4%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.50Aug 140.500.55$0.539.4%2180.592.1K
PUTS (0)
No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 4 found (avg $0.65, cheapest $0.38)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Aug 210.350.40$0.3813.2%5610.4442.6K
$7.50Aug 140.500.55$0.539.4%2180.592.1K
$7.00Sep 40.901.05$0.9815.3%40.7351
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Aug 210.650.75$0.7014.3%4130.565.7K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 22 found (avg delta 0.70, highest 0.93)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$6.50Aug 70.951.60$1.2751.2%220.9349
$6.50Aug 211.151.45$1.3023.1%530.91101
$6.50Aug 141.001.75$1.3854.3%10.90--
$6.50Sep 111.151.60$1.3832.6%500.85--
$7.00Aug 70.650.85$0.7526.7%450.83461
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.50Aug 70.801.15$0.9835.7%600.77117
$8.50Aug 280.951.20$1.0823.1%600.6717
$8.00Aug 70.400.75$0.5761.4%460.62210
$8.00Aug 140.500.70$0.6033.3%60.59--
$8.00Aug 210.650.75$0.7014.3%4130.565.7K

Most actively traded options today. High liquidity = easy entry/exit. 57 active (total vol 11.4K, top 3.5K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Aug 70.200.25$0.2321.7%3.5K0.387.5K
$9.00Aug 210.150.20$0.1827.8%1.5K0.2334.0K
$8.00Aug 210.350.40$0.3813.2%5610.4442.6K
$7.50Aug 70.350.45$0.4025.0%5130.613.7K
$9.00Sep 180.250.35$0.3033.3%2940.281.9K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.00Aug 210.100.20$0.1566.7%1.9K0.227.9K
$7.50Aug 70.200.25$0.2321.7%6980.391.3K
$8.00Aug 210.650.75$0.7014.3%4130.565.7K
$7.00Aug 70.050.10$0.0862.5%1340.172.7K
$8.50Aug 70.801.15$0.9835.7%600.77117

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 100.2%, max 111.4%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$6.50Aug 7Sep 11126.7%60.0%111.4%7249
$8.50Aug 7Sep 11143.6%68.8%108.8%2132.3K
$8.00Aug 7Sep 18130.8%63.7%105.2%3.6K10.9K
$9.00Aug 7Sep 18140.4%71.6%96.0%4174.9K
$7.50Aug 7Sep 11112.2%58.1%93.1%5313.7K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$6.50Aug 7Sep 4126.7%61.7%105.2%13766
$8.00Aug 7Sep 18130.8%63.7%105.2%471.4K
$8.50Aug 7Aug 28143.6%72.4%98.3%120134
$7.00Aug 7Sep 18114.1%58.0%96.7%1423.0K
$7.50Aug 7Sep 11112.2%58.1%93.1%6991.3K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 24 found (best R:R 4.00, avg 1.90)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$8.00$8.50Aug 7$0.10$0.40$0.104.00$8.10
$8.00$9.00Sep 4$0.20$0.80$0.204.00$8.20
$8.00$9.00Sep 18$0.20$0.80$0.204.00$8.20
$8.00$8.50Aug 14$0.12$0.38$0.123.17$8.12
$8.50$9.00Aug 21$0.15$0.35$0.152.33$8.65
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$7.00$6.50Sep 4$0.12$0.38$0.123.17$6.88
$7.50$7.00Aug 28$0.13$0.37$0.132.85$7.37
$7.00$6.50Aug 28$0.14$0.36$0.142.57$6.86
$7.50$7.00Aug 7$0.15$0.35$0.152.33$7.35
$7.50$7.00Aug 21$0.18$0.32$0.181.78$7.32

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 30 found (best R:R 3.55, avg 1.14)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$6.50$7.50Sep 11$0.78$0.78$0.223.55$7.28
$7.00$7.50Aug 7$0.35$0.35$0.152.33$7.35
$7.00$7.50Aug 21$0.35$0.35$0.152.33$7.35
$7.00$7.50Sep 4$0.33$0.33$0.171.94$7.33
$7.00$7.50Aug 14$0.30$0.30$0.201.50$7.30
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$8.00$7.50Aug 21$0.37$0.37$0.132.85$7.63
$8.50$7.50Aug 28$0.73$0.73$0.272.70$7.77
$8.00$7.50Aug 7$0.34$0.34$0.162.12$7.66
$8.00$7.00Sep 4$0.60$0.60$0.401.50$7.40
$8.00$7.00Sep 18$0.55$0.55$0.451.22$7.45

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 8 found (avg debit $0.09, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$8.00Aug 7Aug 14$0.07130.8%86.8%
$7.00Aug 7Aug 14$0.08114.1%76.0%
$9.00Aug 7Aug 14$0.08140.4%101.6%
$6.50Aug 7Aug 14$0.11126.7%81.6%
$7.50Aug 7Aug 14$0.13112.2%86.0%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$7.00Aug 7Aug 14$0.05114.1%76.0%
$8.50Aug 7Aug 28$0.10143.6%72.4%
$7.50Aug 7Aug 14$0.12112.2%86.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 20 found (cheapest 8.19% of stock, avg 14.15%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$7.50Aug 7$0.40$0.23$0.63$6.87$8.138.19%
$8.00Aug 7$0.23$0.57$0.80$7.20$8.8010.40%
$7.00Aug 7$0.75$0.08$0.83$6.17$7.8310.79%
$7.50Aug 14$0.53$0.35$0.88$6.62$8.3811.44%
$7.50Aug 21$0.55$0.33$0.88$6.62$8.3811.44%
$8.00Aug 14$0.30$0.60$0.90$7.10$8.9011.70%
$7.00Aug 14$0.83$0.13$0.96$6.04$7.9612.48%
$7.50Aug 28$0.63$0.35$0.98$6.52$8.4812.74%
$7.00Aug 21$0.90$0.15$1.05$5.95$8.0513.65%
$8.00Aug 21$0.38$0.70$1.08$6.92$9.0814.04%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 46 found (cheapest 1.04% of stock, avg 6.02%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$9.00$6.50Aug 7$0.05$0.03$0.08$6.42$9.08
$9.00$7.00Aug 7$0.05$0.08$0.13$6.87$9.13
$8.50$6.50Aug 7$0.13$0.03$0.16$6.34$8.66
$9.00$6.50Aug 14$0.13$0.05$0.18$6.32$9.18
$8.50$7.00Aug 7$0.13$0.08$0.21$6.79$8.71
$8.50$6.50Aug 14$0.18$0.05$0.23$6.27$8.73
$9.00$6.50Aug 21$0.18$0.05$0.23$6.27$9.23
$8.00$6.50Aug 7$0.23$0.03$0.26$6.24$8.26
$9.00$7.00Aug 14$0.13$0.13$0.26$6.74$9.26
$9.00$7.50Aug 7$0.05$0.23$0.28$7.22$9.28

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 6 found (best R:R 3.55, avg credit $0.33)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
6/78/8Aug 28$0.39$0.113.55$6.61$7.89
7/88/8Aug 14$0.34$0.162.12$7.16$8.34
7/88/9Aug 21$0.33$0.171.94$7.17$8.83
6/78/8Sep 4$0.32$0.181.78$6.68$7.82
7/88/8Aug 7$0.25$0.251.00$7.25$8.25
6/78/9Sep 4$0.32$0.680.47$6.68$8.32

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 19 found (best R:R 9.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$6.50$7.00$7.50Aug 21$0.05$0.459.00
$7.50$8.00$8.50Aug 7$0.07$0.436.14
$7.00$7.50$8.00Aug 14$0.07$0.436.14
$8.00$8.50$9.00Aug 14$0.07$0.436.14
$7.50$8.00$8.50Aug 14$0.11$0.393.55
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$7.50$8.00$8.50Aug 7$0.07$0.436.14
$6.50$7.00$7.50Aug 21$0.08$0.425.25
$6.50$7.00$7.50Aug 7$0.10$0.404.00
$6.50$7.00$7.50Aug 14$0.14$0.362.57
$7.00$7.50$8.00Aug 7$0.19$0.311.63

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 $-0.10, 23 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$8.00$9.001:2Sep 18-$0.10$0.90
$7.00$7.501:2Aug 7-$0.05$0.45
$7.50$8.001:2Aug 7-$0.06$0.44
$8.00$8.501:2Aug 14-$0.06$0.44
$7.50$8.001:2Aug 14-$0.07$0.43
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$7.50$7.001:2Aug 28-$0.09$0.41
$8.00$7.501:2Aug 14-$0.10$0.40
$8.50$8.001:2Aug 7-$0.16$0.34
$8.00$7.001:2Sep 18$0.20$0.80
$8.00$7.001:2Sep 4$0.35$0.65

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 17 found (best yield 5.85%, avg 2.91%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$8.00Sep 18$0.450.444.0%5.85%9.88%783.3K
$8.00Sep 4$0.400.454.0%5.20%9.23%1730
$8.00Aug 21$0.350.444.0%4.55%8.58%56142.6K
$8.00Aug 28$0.300.464.0%3.90%7.93%7437
$8.00Aug 14$0.250.414.0%3.25%7.28%2812.5K
$9.00Sep 18$0.250.2817.0%3.25%20.29%2941.9K
$8.00Aug 7$0.200.384.0%2.60%6.63%3.5K7.5K
$8.50Aug 28$0.200.3510.5%2.60%13.13%3234
$9.00Sep 4$0.200.2717.0%2.60%19.64%1586
$8.00Sep 11$0.200.404.0%2.60%6.63%430

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 12,293
Total Puts 4,924
Put/Call Ratio 0.40
Net Difference 7,369

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 87,066
Total Puts 117,035
Average Put/Call Ratio 0.89
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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