Tour v494
WEN
WENDYS CO A
$7.59 +2.71%
8/7 09:40

Option Volume

Detail
Current (08/07 9:40am) 16,400
Calls: 10,905 (66%)
Puts: 5,495 (34%)
Prior (06/24) 49,651
Calls: 44,206 (89%)
Puts: 5,445 (11%)
Current vs Prior -66.97%
Calls: -75.33% (Calls)
Puts: +0.92% (Puts)
Prior 7-Day Total 406,441
Calls: 304,463 (75%)
Puts: 101,978 (25%)
Prior 7-Day Average 67,740
Calls: 43,494 (75%)
Puts: 14,568 (25%)
Current vs Prior 7-Day Avg -75.79%
Calls: -74.93%
Puts: -62.28%
Sentiment BULLISH

Dollar Volume

Detail
Current (08/07 9:40am) $378.3K
Calls: $316.1K (84%)
Puts: $62.2K (16%)
Prior (06/24) $6.68M
Calls: $6.21M (93%)
Puts: $469.8K (7%)
Current vs Prior -94.34%
Calls: -94.91%
Puts: -86.76%
Prior 7-Day Total $28.02M
Calls: $23.81M (85%)
Puts: $4.20M (15%)
Prior 7-Day Average $4.67M
Calls: $3.40M (85%)
Puts: $600.4K (15%)
Current vs Prior 7-Day Avg -91.90%
Calls: -90.71%
Puts: -89.64%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/07 9:40am) 0.50
Prior (06/24) 0.12
Current vs Prior +309.10%
Prior 7-Day Average 0.93
Current vs Prior 7-Day Avg -45.60%
Sentiment BULLISH

Open Interest

Detail
Current (08/07 9:40am) 604,511
Calls: 387,856 (64%)
Puts: 216,655 (36%)
Prior (06/24) 446,823
Calls: 218,156 (49%)
Puts: 228,667 (51%)
Current vs Prior +35.29%
Prior 7-Day Total 2,835,992
Calls: 1,578,415 (56%)
Puts: 1,257,577 (44%)
Prior 7-Day Average 472,665
Calls: 263,069 (56%)
Puts: 209,596 (44%)
Current vs Prior 7-Day Avg +27.89%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 3.95% | 7.51%10.54% | 21.08%
Prior 8.71% | 11.35%13.46% | 17.94%
Current vs Prior -54.61% | -33.81%-21.67% | +17.49%
Prior 7-Day Avg 8.08% | 11.72%13.46% | 17.94%
Current vs 7-Day Avg -51.09% | -35.94%-21.67% | +17.49%
Prior 7-Day Eod 8.71% | 11.35%12.86% | 15.70%
Current vs 7-Day Eod -54.61% | -33.81%-18.01% | +34.30%
Sentiment BULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 75.00% | 39.28%
Calls: 50.00% | 28.57%
Puts: 100.00% | 50.00%
Prior 28.66% | 35.36%
Calls: 39.47% | 31.25%
Puts: 17.86% | 39.47%
Current vs Prior +161.69% | +11.09%
Prior 7-Day Avg 33.28% | 37.74%
Calls: 34.22% | 25.72%
Puts: 33.48% | 39.90%
Current vs 7-Day Avg +125.36% | +4.09%
Liquidity Expensive
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🤖 AI Insights

Strong bullish conviction with 84% of dollar volume in calls ($316.1K) vs puts ($62.2K). Light premium activity with dollar volume down 94% vs prior. Below-average activity with volume down 67% vs prior. Bullish P/C ratio of 0.50.

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 NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH
Sentiment Timeline (Today)
TimeSmart MoneyRetailOverall
09:40BULLISHBULLISHBULLISH
09:35BULLISHBULLISHBULLISH

📈 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. -- found (avg $--, cheapest $--)

No options available for this category

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 30 found (avg delta 0.74, highest 0.98)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$6.50Sep 40.501.60$1.05104.8%--0.9842
$6.50Aug 140.351.30$0.83114.5%750.9414
$6.50Aug 70.801.60$1.2066.7%530.9495
$7.00Aug 70.500.65$0.5726.3%770.90521
$6.50Sep 110.501.65$1.08106.5%--0.8550
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.50Aug 70.701.35$1.0263.7%40.91116
$8.00Aug 70.350.60$0.4852.1%250.87281
$9.00Aug 211.351.95$1.6536.4%--0.813.2K
$8.50Aug 140.801.15$0.9835.7%--0.8141
$8.50Aug 280.901.55$1.2352.8%--0.7681

Most actively traded options today. High liquidity = easy entry/exit. 42 active (total vol 14.8K, top 6.7K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Aug 210.200.25$0.2321.7%6.7K0.3942.5K
$7.50Aug 70.150.25$0.2050.0%7500.623.9K
$8.50Aug 140.050.15$0.10100.0%3080.20973
$8.00Aug 70.000.05$0.03166.7%2690.1410.5K
$8.50Aug 210.150.20$0.1827.8%2240.26718
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.50Aug 70.050.15$0.10100.0%4.8K0.387.3K
$7.00Aug 70.000.05$0.03166.7%1770.104.1K
$7.50Aug 210.250.45$0.3557.1%650.44710
$6.50Aug 210.000.20$0.10200.0%500.15366
$8.00Aug 140.500.65$0.5726.3%450.65245

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 344.0%, max 637.9%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$6.50Aug 7Sep 11394.5%53.5%637.9%53145
$7.00Aug 7Sep 18242.5%46.1%426.4%771.9K
$9.00Aug 7Sep 18403.9%76.9%425.1%1666.1K
$8.50Aug 7Sep 11297.2%75.4%294.3%323.0K
$7.50Aug 7Sep 11175.2%61.8%183.4%7504.0K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$6.50Aug 7Sep 11394.5%53.5%637.9%--793
$7.00Aug 7Sep 18242.5%46.1%426.4%1774.5K
$8.50Aug 7Sep 4297.2%75.3%294.6%4352
$7.50Aug 7Sep 11175.2%61.8%183.4%4.8K7.3K
$8.00Aug 7Sep 18171.4%72.2%137.5%251.6K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 22 found (best R:R 4.00, avg 1.82)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$7.00$8.00Sep 18$0.20$0.80$0.204.00$7.20
$8.00$9.00Sep 18$0.20$0.80$0.204.00$8.20
$6.50$7.00Aug 14$0.13$0.37$0.132.85$6.63
$6.50$7.00Aug 28$0.15$0.35$0.152.33$6.65
$7.50$8.00Aug 7$0.17$0.33$0.171.94$7.67
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$7.00$6.50Sep 4$0.10$0.40$0.104.00$6.90
$7.50$7.00Aug 14$0.12$0.38$0.123.17$7.38
$7.50$7.00Aug 28$0.18$0.32$0.181.78$7.32
$7.50$7.00Aug 21$0.20$0.30$0.201.50$7.30
$7.00$6.50Sep 11$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. 29 found (best R:R 4.56, avg 1.34)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$7.00$7.50Aug 7$0.37$0.37$0.132.85$7.37
$7.00$7.50Aug 14$0.35$0.35$0.152.33$7.35
$7.00$7.50Aug 28$0.32$0.32$0.181.78$7.32
$7.50$8.00Aug 28$0.30$0.30$0.201.50$7.80
$7.00$7.50Aug 21$0.28$0.28$0.221.27$7.28
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$8.00$7.00Sep 18$0.82$0.82$0.184.56$7.18
$8.00$7.50Aug 7$0.38$0.38$0.123.17$7.62
$8.50$8.00Aug 28$0.38$0.38$0.123.17$8.12
$8.00$7.50Aug 14$0.35$0.35$0.152.33$7.65
$8.00$7.50Sep 4$0.35$0.35$0.152.33$7.65

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 8 found (avg debit $0.10, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$9.00Aug 7Aug 14$0.05403.9%103.0%
$8.50Aug 7Aug 14$0.07297.2%86.7%
$7.00Aug 7Aug 14$0.13242.5%77.4%
$7.50Aug 7Aug 14$0.15175.2%65.9%
$8.00Aug 7Aug 14$0.15171.4%81.6%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$7.00Aug 7Aug 14$0.07242.5%77.4%
$8.00Aug 7Aug 14$0.09171.4%81.6%
$7.50Aug 7Aug 14$0.12175.2%65.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 30 found (cheapest 3.95% of stock, avg 13.65%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$7.50Aug 7$0.20$0.10$0.30$7.20$7.803.95%
$8.00Aug 7$0.03$0.48$0.51$7.49$8.516.72%
$7.50Aug 14$0.35$0.22$0.57$6.93$8.077.51%
$7.00Aug 7$0.57$0.03$0.60$6.40$7.607.91%
$8.00Aug 14$0.18$0.57$0.75$7.25$8.759.88%
$7.00Aug 14$0.70$0.10$0.80$6.20$7.8010.54%
$7.50Aug 21$0.45$0.35$0.80$6.70$8.3010.54%
$7.00Sep 4$0.63$0.20$0.83$6.17$7.8310.94%
$6.50Aug 14$0.83$0.03$0.86$5.64$7.3611.33%
$7.00Aug 21$0.73$0.15$0.88$6.12$7.8811.59%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 56 found (cheapest 0.79% of stock, avg 5.43%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$8.00$7.00Aug 7$0.03$0.03$0.06$6.94$8.06
$8.00$6.50Aug 7$0.03$0.03$0.06$6.44$8.06
$8.50$7.00Aug 7$0.03$0.03$0.06$6.94$8.56
$8.50$6.50Aug 7$0.03$0.03$0.06$6.44$8.56
$9.00$7.00Aug 7$0.03$0.03$0.06$6.94$9.06
$9.00$6.50Aug 7$0.03$0.03$0.06$6.44$9.06
$9.00$6.50Aug 14$0.08$0.03$0.11$6.39$9.11
$8.00$7.50Aug 7$0.03$0.10$0.13$7.37$8.13
$8.50$7.50Aug 7$0.03$0.10$0.13$7.37$8.63
$9.00$7.50Aug 7$0.03$0.10$0.13$7.37$9.13

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 2 found (best R:R 4.00, avg credit $0.38)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
6/78/8Sep 11$0.40$0.104.00$6.60$7.90
6/78/8Sep 4$0.35$0.152.33$6.65$7.85

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 25 found (best R:R 9.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$8.00$8.50$9.00Sep 4$0.05$0.459.00
$8.00$8.50$9.00Aug 14$0.06$0.447.33
$7.00$7.50$8.00Aug 21$0.06$0.447.33
$8.00$8.50$9.00Aug 28$0.06$0.447.33
$7.50$8.00$8.50Aug 14$0.09$0.414.56
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$7.50$8.00$8.50Aug 14$0.06$0.447.33
$6.50$7.00$7.50Aug 7$0.07$0.436.14
$6.50$7.00$7.50Aug 28$0.11$0.393.55
$6.50$7.00$7.50Aug 21$0.15$0.352.33
$7.50$8.00$8.50Aug 7$0.16$0.342.12

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 34 found (best net $-0.12, 23 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$6.50$7.501:2Sep 11-$0.12$0.88
$7.00$8.001:2Sep 18-$0.25$0.75
$8.50$9.001:2Aug 14-$0.06$0.44
$8.00$8.501:2Aug 28-$0.07$0.43
$8.50$9.001:2Aug 21-$0.08$0.42
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$7.00$6.501:2Aug 21-$0.05$0.45
$7.00$6.501:2Aug 28-$0.08$0.42
$7.50$7.001:2Sep 11-$0.09$0.41
$8.50$8.001:2Aug 14-$0.16$0.34
$8.00$7.501:2Sep 4-$0.30$0.20

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 8 found (best yield 5.27%, avg 2.64%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$8.00Sep 18$0.400.405.4%5.27%10.67%813.8K
$8.50Sep 11$0.250.3412.0%3.29%15.28%2024
$8.00Aug 21$0.200.395.4%2.64%8.04%6.7K42.5K
$9.00Sep 18$0.200.2418.6%2.64%21.21%452.7K
$8.00Aug 14$0.150.365.4%1.98%7.38%1853.1K
$8.50Aug 21$0.150.2612.0%1.98%13.97%224718
$8.50Sep 4$0.150.2812.0%1.98%13.97%--190
$9.00Aug 21$0.100.1918.6%1.32%19.89%21834.0K

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 10,905
Total Puts 5,495
Put/Call Ratio 0.50
Net Difference 5,410

Prior's Put/Call Breakdown

Total Calls 44,206
Total Puts 5,445
Put/Call Ratio 0.12
Net Difference 38,761

Prior 7-Day Put/Call Summary

Total Calls 304,463
Total Puts 101,978
Average Put/Call Ratio 0.93
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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