Tour v492
WEN
WENDYS CO A
$7.99 +3.90%
$7.97 (-0.25%)🌙
as of 08/05 07:23 PM
(8/4 19:22) ◀
|
Wednesday, August 5, 2026 (7:23pm)
January 2026
|
▶ (8/6 14:07)
◀ 8/5 19:23 ▶

Option Volume

Detail
ℹ
Current (08/05) 20,050
Calls: 13,164 (66%)
Puts: 6,886 (34%)
Prior (08/04) 17,217
Calls: 12,293 (71%)
Puts: 4,924 (29%)
Current vs Prior +16.45%
Calls: +7.09% (Calls)
Puts: +39.85% (Puts)
Prior 7-Day Total 105,247
Calls: 87,320 (83%)
Puts: 17,927 (17%)
Prior 7-Day Average 15,035
Calls: 12,474 (83%)
Puts: 2,561 (17%)
Current vs Prior 7-Day Avg +33.35%
Calls: +5.53%
Puts: +168.88%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/05) $1.66M
Calls: $1.48M (89%)
Puts: $177.9K (11%)
Prior (08/04) $1.05M
Calls: $548.4K (52%)
Puts: $505.6K (48%)
Current vs Prior +57.02%
Calls: +169.34%
Puts: -64.81%
Prior 7-Day Total $6.04M
Calls: $4.91M (81%)
Puts: $1.13M (19%)
Prior 7-Day Average $862.7K
Calls: $701.4K (81%)
Puts: $161.2K (19%)
Current vs Prior 7-Day Avg +91.85%
Calls: +110.58%
Puts: +10.36%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/05) 0.52
Prior (08/04) 0.40
Current vs Prior +30.59%
Prior 7-Day Average 0.23
Current vs Prior 7-Day Avg +125.04%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/05) 418,773
Calls: 288,488 (69%)
Puts: 130,285 (31%)
Prior (08/04) 434,359
Calls: 296,166 (68%)
Puts: 138,193 (32%)
Current vs Prior -3.59%
Prior 7-Day Total 2,746,646
Calls: 2,012,955 (73%)
Puts: 733,691 (27%)
Prior 7-Day Average 392,378
Calls: 287,565 (73%)
Puts: 104,813 (27%)
Current vs Prior 7-Day Avg +6.73%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 8.39% | 10.39%12.89% | 15.89%
Prior 8.19% | 11.44%11.44% | 18.21%
Current vs Prior +2.36% | -9.22%+12.65% | -12.69%
Prior 7-Day Avg 6.59% | 10.37%13.65% | 17.87%
Current vs 7-Day Avg +27.33% | +0.21%-5.56% | -11.04%
Prior 7-Day Eod 8.19% | 11.44%11.44% | 18.21%
Current vs 7-Day Eod +2.36% | -9.22%+12.65% | -12.69%
Sentiment BEARISHBEARISH

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 89% of dollar volume in calls ($1.48M) vs puts ($177.9K). Elevated premium activity with dollar volume up 57% vs prior. Dollar volume significantly above 7-day average (92% higher). Bullish P/C ratio of 0.52.

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 2 of results (avg 7.8%, best 6.8%)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.50Aug 210.700.75$0.736.8%1200.695.7K
$8.00Sep 180.550.60$0.578.8%4660.503.4K
PUTS (0)
No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 9 found (avg $0.55, cheapest $0.28)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.50Aug 210.250.30$0.2817.9%450.35387
$8.00Aug 70.300.35$0.3215.6%2.1K0.519.6K
$8.00Aug 210.450.50$0.4810.4%8540.5142.7K
$8.00Sep 180.550.60$0.578.8%4660.503.4K
$7.50Aug 70.550.65$0.6016.7%2940.723.7K
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Sep 40.600.70$0.6515.4%210.47--
$8.00Sep 180.650.75$0.7014.3%2510.491.2K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 22 found (avg delta 0.69, highest 0.94)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$6.50Aug 71.201.85$1.5342.5%10.94--
$7.00Aug 70.851.20$1.0234.3%670.89487
$6.50Aug 281.151.85$1.5046.7%50.85--
$7.00Aug 140.901.30$1.1036.4%210.8475
$7.00Aug 211.051.30$1.1821.2%2630.848.5K
PUTS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.00Aug 70.801.35$1.0850.9%50.813
$9.00Sep 181.201.60$1.4028.6%60.693
$8.50Aug 70.500.80$0.6546.2%10.69--
$8.50Aug 210.701.10$0.9044.4%40.6415

Most actively traded options today. High liquidity = easy entry/exit. 64 active (total vol 12.4K, top 4.4K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Aug 70.300.35$0.3215.6%2.1K0.519.6K
$8.00Aug 210.450.50$0.4810.4%8540.5142.7K
$8.50Aug 70.150.20$0.1827.8%5080.312.4K
$8.00Sep 180.550.60$0.578.8%4660.503.4K
$8.00Aug 140.350.45$0.4025.0%4530.512.5K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.50Aug 70.150.20$0.1827.8%4.4K0.281.4K
$7.00Aug 70.000.10$0.05200.0%3630.112.8K
$8.00Sep 180.650.75$0.7014.3%2510.491.2K
$7.00Sep 180.200.35$0.2853.6%660.25311
$8.00Aug 140.350.50$0.4334.9%610.4856

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 13 strikes (avg 163.3%, max 196.0%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$9.00Aug 7Sep 18176.6%60.9%190.0%4955.3K
$7.50Aug 7Sep 11162.7%57.2%184.5%2953.7K
$8.50Aug 7Sep 11160.4%57.3%180.1%5142.4K
$7.00Aug 7Sep 18154.3%59.1%161.4%1511.8K
$9.50Aug 7Sep 11204.7%78.6%160.5%108943
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$6.50Aug 7Sep 11182.3%61.6%196.0%21748
$9.00Aug 7Sep 18176.6%60.9%190.0%116
$7.50Aug 7Sep 11162.7%57.2%184.5%4.4K1.4K
$7.00Aug 7Sep 18154.3%59.1%161.4%4293.1K
$8.00Aug 7Sep 18146.2%58.9%148.2%3031.4K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 30 found (best R:R 4.00, avg 1.91)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$8.50$9.00Aug 21$0.10$0.40$0.104.00$8.60
$8.50$9.00Sep 4$0.13$0.37$0.132.85$8.63
$8.00$8.50Aug 7$0.14$0.36$0.142.57$8.14
$8.00$9.00Sep 18$0.29$0.71$0.292.45$8.29
$8.00$8.50Aug 14$0.17$0.33$0.171.94$8.17
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$7.50$7.00Aug 14$0.10$0.40$0.104.00$7.40
$7.50$7.00Aug 21$0.12$0.38$0.123.17$7.38
$7.50$7.00Aug 28$0.12$0.38$0.123.17$7.38
$7.50$7.00Sep 11$0.12$0.38$0.123.17$7.38
$7.50$7.00Aug 7$0.13$0.37$0.132.85$7.37

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 34 found (best R:R 2.33, avg 0.89)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$6.50$7.50Aug 28$0.70$0.70$0.302.33$7.20
$7.50$8.00Sep 11$0.35$0.35$0.152.33$7.85
$7.00$8.00Sep 18$0.61$0.61$0.391.56$7.61
$7.50$8.00Aug 28$0.30$0.30$0.201.50$7.80
$7.50$8.00Aug 7$0.28$0.28$0.221.27$7.78
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$8.50$8.00Aug 21$0.35$0.35$0.152.33$8.15
$9.00$8.00Sep 18$0.70$0.70$0.302.33$8.30
$8.50$8.00Aug 7$0.30$0.30$0.201.50$8.20
$8.00$7.50Aug 21$0.30$0.30$0.201.50$7.70
$8.00$7.50Aug 14$0.23$0.23$0.270.85$7.77

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 9 found (avg debit $0.11, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$7.50Aug 7Aug 14$0.05162.7%81.0%
$8.50Aug 7Aug 14$0.05160.4%86.0%
$9.50Aug 7Aug 14$0.05204.7%111.9%
$7.00Aug 7Aug 14$0.08154.3%89.6%
$8.00Aug 7Aug 14$0.08146.2%83.5%
PUTS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$7.00Aug 7Aug 14$0.05154.3%89.6%
$8.00Aug 7Aug 14$0.08146.2%83.5%
$8.50Aug 7Aug 21$0.25160.4%75.5%
$9.00Aug 7Sep 18$0.32176.6%60.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 22 found (cheapest 8.39% of stock, avg 14.42%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$8.00Aug 7$0.32$0.35$0.67$7.33$8.678.39%
$7.50Aug 7$0.60$0.18$0.78$6.72$8.289.76%
$8.50Aug 7$0.18$0.65$0.83$7.67$9.3310.39%
$8.00Aug 14$0.40$0.43$0.83$7.17$8.8310.39%
$7.50Aug 14$0.65$0.20$0.85$6.65$8.3510.64%
$7.50Aug 21$0.73$0.25$0.98$6.52$8.4812.27%
$8.00Aug 28$0.50$0.48$0.98$7.02$8.9812.27%
$8.00Aug 21$0.48$0.55$1.03$6.97$9.0312.89%
$7.00Aug 7$1.02$0.05$1.07$5.93$8.0713.39%
$7.50Aug 28$0.80$0.30$1.10$6.40$8.6013.77%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 64 found (cheapest 1.38% of stock, avg 6.33%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$9.50$6.50Aug 7$0.08$0.03$0.11$6.39$9.61
$9.00$6.50Aug 7$0.10$0.03$0.13$6.37$9.13
$9.50$7.00Aug 7$0.08$0.05$0.13$6.87$9.63
$9.00$7.00Aug 7$0.10$0.05$0.15$6.85$9.15
$9.50$6.50Aug 14$0.13$0.05$0.18$6.32$9.68
$9.00$6.50Aug 14$0.15$0.05$0.20$6.30$9.20
$8.50$6.50Aug 7$0.18$0.03$0.21$6.29$8.71
$8.50$7.00Aug 7$0.18$0.05$0.23$6.77$8.73
$9.50$7.00Aug 14$0.13$0.10$0.23$6.77$9.73
$9.00$7.00Aug 14$0.15$0.10$0.25$6.75$9.25

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 12 found (best R:R 2.33, avg credit $0.33)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
8/88/9Sep 4$0.35$0.152.33$7.65$8.85
7/88/8Aug 21$0.32$0.181.78$7.18$8.32
7/88/8Aug 28$0.32$0.181.78$7.18$8.32
6/78/8Sep 11$0.32$0.181.78$6.68$8.32
6/79/10Sep 11$0.32$0.181.78$6.68$9.32
7/88/8Sep 11$0.29$0.211.38$7.21$8.29
7/89/10Sep 11$0.29$0.211.38$7.21$9.29
6/88/8Sep 4$0.55$0.451.22$6.95$8.55
7/88/8Aug 7$0.27$0.231.17$7.23$8.27
7/88/8Aug 14$0.27$0.231.17$7.23$8.27

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 28 found (best R:R 9.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$7.50$8.00$8.50Aug 21$0.05$0.459.00
$8.00$8.50$9.00Aug 7$0.06$0.447.33
$8.50$9.00$9.50Aug 7$0.06$0.447.33
$8.50$9.00$9.50Aug 14$0.06$0.447.33
$7.50$8.00$8.50Aug 14$0.08$0.425.25
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$7.00$7.50$8.00Aug 28$0.06$0.447.33
$6.50$7.00$7.50Aug 28$0.09$0.414.56
$6.50$7.00$7.50Aug 7$0.11$0.393.55
$7.50$8.00$8.50Aug 7$0.13$0.372.85
$8.00$8.50$9.00Aug 7$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. 35 found (best net $--, 31 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$6.50$7.501:2Aug 28-$0.10$0.90
$9.00$9.501:2Aug 7-$0.06$0.44
$8.00$8.501:2Aug 14-$0.06$0.44
$8.50$9.001:2Aug 14-$0.07$0.43
$8.00$8.501:2Aug 21-$0.08$0.42
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$9.00$8.001:2Sep 18$0.00$1.00
$7.50$7.001:2Aug 28-$0.06$0.44
$7.00$6.501:2Aug 28-$0.12$0.38
$8.00$7.501:2Aug 28-$0.12$0.38
$7.50$7.001:2Sep 11-$0.16$0.34

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 22 found (best yield 6.88%, avg 3.16%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$8.00Sep 18$0.550.500.1%6.88%7.01%4663.4K
$8.00Sep 4$0.500.520.1%6.26%6.38%3031
$8.00Aug 21$0.450.510.1%5.63%5.76%85442.7K
$8.00Aug 28$0.450.530.1%5.63%5.76%37437
$8.00Aug 14$0.350.510.1%4.38%4.51%4532.5K
$8.00Aug 7$0.300.510.1%3.75%3.88%2.1K9.6K
$8.50Sep 4$0.300.396.4%3.75%10.14%7185
$8.00Sep 11$0.300.500.1%3.75%3.88%5234
$8.50Aug 21$0.250.356.4%3.13%9.51%45387
$8.50Aug 28$0.250.386.4%3.13%9.51%32237

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 13,164
Total Puts 6,886
Put/Call Ratio 0.52
Net Difference 6,278

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 87,320
Total Puts 17,927
Average Put/Call Ratio 0.23
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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