Tour v494
WEN
WENDYS CO A
$7.47 +1.01%
8/7 10:00

Option Volume

Detail
Current (08/07 10:00am) 20,284
Calls: 14,183 (70%)
Puts: 6,101 (30%)
Prior --
Calls: 8,545 (26%)
Puts: 23,955 (74%)
Current vs Prior +0.00%
Calls: +65.98% (Calls)
Puts: -74.53% (Puts)
Prior 7-Day Total 430,988
Calls: 322,177 (75%)
Puts: 108,811 (25%)
Prior 7-Day Average 61,569
Calls: 46,025 (75%)
Puts: 15,544 (25%)
Current vs Prior 7-Day Avg -67.06%
Calls: -69.18%
Puts: -60.75%
Sentiment BULLISH

Dollar Volume

Detail
Current (08/07 10:00am) $458.9K
Calls: $356.5K (78%)
Puts: $102.4K (22%)
Prior --
Calls: $176.8K (11%)
Puts: $1.50M (89%)
Current vs Prior +0.00%
Calls: +101.66%
Puts: -93.16%
Prior 7-Day Total $28.56M
Calls: $24.18M (85%)
Puts: $4.37M (15%)
Prior 7-Day Average $4.08M
Calls: $3.45M (85%)
Puts: $624.8K (15%)
Current vs Prior 7-Day Avg -88.75%
Calls: -89.68%
Puts: -83.60%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/07 10:00am) 0.43
Prior 1.00
Current vs Prior -56.98%
Prior 7-Day Average 0.84
Current vs Prior 7-Day Avg -48.86%
Sentiment BULLISH

Open Interest

Detail
Current (08/07 10:00am) 604,511
Calls: 387,856 (64%)
Puts: 216,655 (36%)
Prior --
Calls: -- (--)
Puts: -- (--)
Current vs Prior +0.00%
Prior 7-Day Total 3,440,503
Calls: 1,966,271 (57%)
Puts: 1,474,232 (43%)
Prior 7-Day Average 491,500
Calls: 280,895 (57%)
Puts: 210,604 (43%)
Current vs Prior 7-Day Avg +22.99%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 3.08% | 7.36%10.04% | 14.99%
Prior 8.71% | 11.35%13.46% | 17.94%
Current vs Prior -64.64% | -35.10%-25.39% | -16.43%
Prior 7-Day Avg 8.08% | 11.72%13.46% | 17.94%
Current vs 7-Day Avg -61.90% | -37.19%-25.39% | -16.43%
Prior 7-Day Eod 8.71% | 11.35%12.86% | 15.70%
Current vs 7-Day Eod -64.64% | -35.10%-21.90% | -4.48%
Sentiment BULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 52.78% | 36.66%
Calls: 50.00% | 40.00%
Puts: 55.56% | 33.33%
Prior 28.66% | 35.36%
Calls: 39.47% | 31.25%
Puts: 17.86% | 39.47%
Current vs Prior +84.16% | +3.68%
Prior 7-Day Avg 33.28% | 37.74%
Calls: 34.22% | 25.72%
Puts: 33.48% | 39.90%
Current vs 7-Day Avg +58.59% | -2.86%
Liquidity Expensive
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🤖 AI Insights

Strong bullish conviction with 78% of dollar volume in calls ($356.5K) vs puts ($102.4K). Extreme bullish P/C ratio of 0.43 - heavy call buying (14,183 calls vs 6,101 puts). P/C ratio dropping 57% - sentiment shifting bullish. Call-heavy open interest (387,856 calls vs 216,655 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 BEARISH
7-Day Avg BULLISH
Current BULLISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BULLISH
Prior NEUTRAL
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
10:00BULLISHBULLISHBULLISH
09:55BULLISHBULLISHBULLISH
09:50BULLISHBULLISHBULLISH
09:45BULLISHBULLISHBULLISH
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. 2 found (avg $0.57, cheapest $0.38)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Sep 180.350.40$0.3813.2%1260.393.8K
$7.00Sep 180.700.85$0.7719.5%70.661.4K
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 31 found (avg delta 0.76, highest 0.96)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$6.50Aug 70.751.10$0.9337.6%540.9695
$6.00Aug 70.851.65$1.2564.0%--0.9645
$7.00Aug 70.250.60$0.4381.4%920.95521
$6.00Aug 211.251.55$1.4021.4%500.953.5K
$6.50Aug 140.851.20$1.0234.3%750.9414
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.50Aug 70.951.35$1.1534.8%90.91116
$8.00Aug 70.450.75$0.6050.0%1130.88281
$8.50Aug 141.001.30$1.1526.1%10.8141
$8.50Aug 281.001.45$1.2336.6%--0.7881
$8.50Aug 211.101.30$1.2016.7%90.7778

Most actively traded options today. High liquidity = easy entry/exit. 47 active (total vol 17.3K, top 7.8K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Aug 210.150.20$0.1827.8%7.8K0.3142.5K
$7.50Aug 70.050.10$0.0862.5%9120.413.9K
$8.00Aug 70.000.05$0.03166.7%6410.1210.5K
$8.50Aug 140.050.15$0.10100.0%4430.19973
$7.50Aug 140.200.30$0.2540.0%3730.492.4K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.50Aug 70.100.20$0.1566.7%4.9K0.607.3K
$7.00Aug 70.000.05$0.03166.7%2390.134.1K
$8.00Aug 70.450.75$0.6050.0%1130.88281
$6.00Sep 110.000.20$0.10200.0%1040.12116
$7.50Aug 210.350.45$0.4025.0%650.50710

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 390.0%, max 724.5%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$6.00Aug 7Sep 18520.9%63.2%724.5%20152
$6.50Aug 7Sep 11359.3%53.8%568.3%54145
$8.50Aug 7Sep 11352.1%68.0%418.0%923.0K
$8.00Aug 7Sep 18228.7%60.5%278.0%76714.2K
$7.00Aug 7Sep 18197.9%53.8%268.2%991.9K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$6.00Aug 7Sep 18520.9%63.2%724.5%--374
$6.50Aug 7Sep 11359.3%53.8%568.3%1793
$8.50Aug 7Sep 4352.1%76.8%358.7%9352
$8.00Aug 7Sep 18228.7%60.5%278.0%1131.6K
$7.00Aug 7Sep 18197.9%53.8%268.2%2434.5K

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 1.73)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$7.50$8.00Aug 14$0.12$0.38$0.123.17$7.62
$7.50$8.00Aug 21$0.17$0.33$0.171.94$7.67
$7.50$8.00Aug 28$0.18$0.32$0.181.78$7.68
$7.50$8.00Sep 4$0.18$0.32$0.181.78$7.68
$7.00$8.00Sep 18$0.39$0.61$0.391.56$7.39
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$7.00$6.50Aug 28$0.10$0.40$0.104.00$6.90
$7.00$6.00Sep 18$0.22$0.78$0.223.55$6.78
$7.50$7.00Aug 7$0.12$0.38$0.123.17$7.38
$7.00$6.50Aug 21$0.13$0.37$0.132.85$6.87
$7.00$6.50Sep 11$0.13$0.37$0.132.85$6.87

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 32 found (best R:R 4.88, avg 1.35)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$6.00$7.00Sep 18$0.83$0.83$0.174.88$6.83
$7.00$7.50Aug 7$0.35$0.35$0.152.33$7.35
$6.00$6.50Aug 21$0.35$0.35$0.152.33$6.35
$6.50$7.00Aug 28$0.35$0.35$0.152.33$6.85
$6.00$6.50Aug 7$0.32$0.32$0.181.78$6.32
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$8.00$7.50Aug 14$0.38$0.38$0.123.17$7.62
$8.50$8.00Sep 4$0.38$0.38$0.123.17$8.12
$8.00$7.50Sep 4$0.35$0.35$0.152.33$7.65
$7.50$7.00Sep 11$0.35$0.35$0.152.33$7.15
$8.00$7.50Aug 21$0.33$0.33$0.171.94$7.67

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 9 found (avg debit $0.11, cheapest $0.07)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$8.50Aug 7Aug 14$0.07352.1%98.5%
$6.50Aug 7Aug 14$0.09359.3%68.9%
$8.00Aug 7Aug 14$0.10228.7%76.3%
$7.00Aug 7Aug 14$0.14197.9%65.3%
$6.00Aug 7Aug 21$0.15520.9%70.8%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$7.00Aug 7Aug 14$0.07197.9%65.3%
$8.00Aug 7Aug 14$0.08228.7%76.3%
$7.50Aug 7Aug 14$0.15134.5%65.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 32 found (cheapest 3.08% of stock, avg 13.79%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$7.50Aug 7$0.08$0.15$0.23$7.27$7.733.08%
$7.00Aug 7$0.43$0.03$0.46$6.54$7.466.16%
$7.50Aug 14$0.25$0.30$0.55$6.95$8.057.36%
$8.00Aug 7$0.03$0.60$0.63$7.37$8.638.43%
$7.00Aug 14$0.57$0.10$0.67$6.33$7.678.97%
$7.50Aug 21$0.35$0.40$0.75$6.75$8.2510.04%
$7.50Aug 28$0.40$0.38$0.78$6.72$8.2810.44%
$8.00Aug 14$0.13$0.68$0.81$7.19$8.8110.84%
$7.00Aug 21$0.63$0.18$0.81$6.19$7.8110.84%
$7.00Aug 28$0.65$0.20$0.85$6.15$7.8511.38%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 50 found (cheapest 0.80% of stock, avg 4.61%)

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
$8.00$6.00Aug 7$0.03$0.03$0.06$5.94$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
$8.50$6.00Aug 7$0.03$0.03$0.06$5.94$8.56
$7.50$7.00Aug 7$0.08$0.03$0.11$6.89$7.61
$7.50$6.50Aug 7$0.08$0.03$0.11$6.39$7.61
$7.50$6.00Aug 7$0.08$0.03$0.11$5.89$7.61
$8.50$6.50Aug 14$0.10$0.03$0.13$6.37$8.63

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 4 found (best R:R 1.94, avg credit $0.31)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
6/78/8Sep 4$0.33$0.171.94$6.67$7.83
6/78/8Sep 11$0.33$0.171.94$6.67$7.83
6/78/8Aug 21$0.30$0.201.50$6.70$7.80
6/78/8Aug 28$0.28$0.221.27$6.72$7.78

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 34 found (best R:R 9.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$7.50$8.00$8.50Aug 7$0.05$0.459.00
$7.00$7.50$8.00Aug 28$0.07$0.436.14
$7.50$8.00$8.50Aug 14$0.09$0.414.56
$6.50$7.00$7.50Aug 28$0.10$0.404.00
$7.00$7.50$8.00Aug 21$0.11$0.393.55
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$6.50$7.00$7.50Aug 28$0.08$0.425.25
$6.00$6.50$7.00Sep 11$0.08$0.425.25
$6.00$6.50$7.00Aug 14$0.09$0.414.56
$7.50$8.00$8.50Aug 14$0.09$0.414.56
$6.50$7.00$7.50Aug 21$0.09$0.414.56

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 32 found (best net $-0.05, 20 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$8.00$8.501:2Aug 14-$0.07$0.43
$7.00$7.501:2Aug 21-$0.07$0.43
$8.00$8.501:2Aug 28-$0.08$0.42
$6.50$7.001:2Aug 14-$0.12$0.38
$8.00$8.501:2Aug 21-$0.12$0.38
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$8.50$8.001:2Aug 7-$0.05$0.45
$6.50$6.001:2Sep 11-$0.05$0.45
$6.50$6.001:2Aug 14-$0.07$0.43
$8.00$7.501:2Aug 21-$0.07$0.43
$8.50$8.001:2Aug 14-$0.21$0.29

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 13 found (best yield 4.69%, avg 2.63%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$8.00Sep 18$0.350.397.1%4.69%11.78%1263.8K
$7.50Aug 21$0.300.500.4%4.02%4.42%1085.7K
$7.50Aug 28$0.300.530.4%4.02%4.42%1209
$7.50Sep 4$0.300.470.4%4.02%4.42%3143
$7.50Sep 11$0.300.510.4%4.02%4.42%--38
$7.50Aug 14$0.200.490.4%2.68%3.08%3732.4K
$8.00Aug 21$0.150.317.1%2.01%9.10%7.8K42.5K
$8.00Aug 28$0.150.357.1%2.01%9.10%1419
$8.00Aug 14$0.100.277.1%1.34%8.43%3583.1K
$8.50Aug 21$0.100.2313.8%1.34%15.13%230718

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 14,183
Total Puts 6,101
Put/Call Ratio 0.43
Net Difference 8,082

Prior's Put/Call Breakdown

Total Calls 8,545
Total Puts 23,955
Put/Call Ratio 1.00
Net Difference -15,410

Prior 7-Day Put/Call Summary

Total Calls 322,177
Total Puts 108,811
Average Put/Call Ratio 0.84
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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