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

Option Volume

Detail
Current (08/07 10:10am) 20,961
Calls: 14,603 (70%)
Puts: 6,358 (30%)
Prior (06/24) 49,651
Calls: 44,206 (89%)
Puts: 5,445 (11%)
Current vs Prior -57.78%
Calls: -66.97% (Calls)
Puts: +16.77% (Puts)
Prior 7-Day Total 432,858
Calls: 323,720 (75%)
Puts: 109,138 (25%)
Prior 7-Day Average 61,836
Calls: 46,245 (75%)
Puts: 15,591 (25%)
Current vs Prior 7-Day Avg -66.10%
Calls: -68.42%
Puts: -59.22%
Sentiment BULLISH

Dollar Volume

Detail
Current (08/07 10:10am) $504.4K
Calls: $397.0K (79%)
Puts: $107.3K (21%)
Prior (06/24) $6.68M
Calls: $6.21M (93%)
Puts: $469.8K (7%)
Current vs Prior -92.45%
Calls: -93.61%
Puts: -77.15%
Prior 7-Day Total $28.64M
Calls: $24.30M (85%)
Puts: $4.35M (15%)
Prior 7-Day Average $4.09M
Calls: $3.47M (85%)
Puts: $620.8K (15%)
Current vs Prior 7-Day Avg -87.67%
Calls: -88.56%
Puts: -82.71%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/07 10:10am) 0.44
Prior (06/24) 0.12
Current vs Prior +253.48%
Prior 7-Day Average 0.84
Current vs Prior 7-Day Avg -48.01%
Sentiment BULLISH

Open Interest

Detail
Current (08/07 10:10am) 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 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 3.75% | 6.83%10.04% | 14.99%
Prior 8.71% | 11.35%13.46% | 17.94%
Current vs Prior -56.95% | -39.82%-25.39% | -16.43%
Prior 7-Day Avg 8.08% | 11.72%13.46% | 17.94%
Current vs 7-Day Avg -53.62% | -41.76%-25.39% | -16.43%
Prior 7-Day Eod 8.71% | 11.35%12.86% | 15.70%
Current vs 7-Day Eod -56.95% | -39.82%-21.90% | -4.48%
Sentiment BULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 52.56% | 19.80%
Calls: 38.46% | 21.74%
Puts: 66.67% | 17.86%
Prior 28.66% | 35.36%
Calls: 39.47% | 31.25%
Puts: 17.86% | 39.47%
Current vs Prior +83.39% | -44.00%
Prior 7-Day Avg 33.28% | 37.74%
Calls: 34.22% | 25.72%
Puts: 33.48% | 39.90%
Current vs 7-Day Avg +57.93% | -47.53%
Liquidity Expensive
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🤖 AI Insights

Strong bullish conviction with 79% of dollar volume in calls ($397.0K) vs puts ($107.3K). Light premium activity with dollar volume down 92% vs prior. Below-average activity with volume down 58% vs prior. Extreme bullish P/C ratio of 0.44 - heavy call buying (14,603 calls vs 6,358 puts).

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
10:10BULLISHBULLISHBULLISH
10:05BULLISHBULLISHBULLISH
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. 3 found (avg $0.42, cheapest $0.28)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.00Aug 210.600.70$0.6515.4%890.718.4K
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.50Aug 140.250.30$0.2817.9%180.5250.5K
$7.00Sep 180.300.35$0.3215.6%40.33383

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 31 found (avg delta 0.75, highest 0.95)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$6.00Aug 70.851.65$1.2564.0%--0.9545
$6.00Aug 211.251.60$1.4324.5%500.943.5K
$6.50Aug 140.851.20$1.0234.3%750.9314
$6.50Aug 70.851.05$0.9521.1%540.9395
$6.50Aug 210.851.25$1.0538.1%--0.89101
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.50Aug 71.001.25$1.1322.1%190.92116
$8.00Aug 70.450.65$0.5536.4%1150.89281
$8.50Aug 141.051.20$1.1313.3%10.8141
$8.50Aug 211.051.30$1.1821.2%90.7778
$8.50Aug 281.001.45$1.2336.6%100.7581

Most actively traded options today. High liquidity = easy entry/exit. 50 active (total vol 17.9K, top 7.9K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Aug 210.150.25$0.2050.0%7.9K0.3242.5K
$7.50Aug 70.100.15$0.1338.5%9600.483.9K
$8.00Aug 70.000.05$0.03166.7%6500.1210.5K
$8.50Aug 140.050.15$0.10100.0%4450.19973
$8.00Aug 140.100.15$0.1338.5%4000.273.1K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.50Aug 70.100.20$0.1566.7%5.2K0.527.3K
$7.00Aug 70.000.05$0.03166.7%2400.124.1K
$8.00Aug 70.450.65$0.5536.4%1150.89281
$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 414.9%, max 739.1%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$6.00Aug 7Sep 18540.6%64.4%739.1%20152
$6.50Aug 7Sep 11377.6%53.8%602.4%54145
$8.50Aug 7Sep 11343.1%68.0%404.7%923.0K
$7.00Aug 7Sep 18215.9%52.9%308.2%1001.9K
$8.00Aug 7Sep 18216.8%58.6%270.0%77914.2K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$6.00Aug 7Sep 18540.6%64.4%739.1%--374
$6.50Aug 7Sep 11377.6%53.8%602.4%2793
$8.50Aug 7Sep 4343.1%71.2%382.2%19352
$7.00Aug 7Sep 18215.9%52.9%308.2%2444.5K
$8.00Aug 7Sep 18216.8%58.6%270.0%1151.6K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 28 found (best R:R 4.26, avg 1.66)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$7.50$8.00Aug 7$0.10$0.40$0.104.00$7.60
$7.50$8.00Aug 14$0.10$0.40$0.104.00$7.60
$7.50$8.00Aug 21$0.15$0.35$0.152.33$7.65
$7.50$8.00Aug 28$0.15$0.35$0.152.33$7.65
$7.50$8.00Sep 11$0.20$0.30$0.201.50$7.70
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$7.00$6.00Sep 18$0.19$0.81$0.194.26$6.81
$7.50$7.00Aug 7$0.12$0.38$0.123.17$7.38
$7.00$6.50Aug 28$0.12$0.38$0.123.17$6.88
$7.00$6.50Aug 21$0.13$0.37$0.132.85$6.87
$7.00$6.50Sep 4$0.15$0.35$0.152.33$6.85

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 34 found (best R:R 4.00, avg 1.25)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$6.00$7.00Sep 18$0.80$0.80$0.204.00$6.80
$6.00$6.50Aug 21$0.38$0.38$0.123.17$6.38
$7.00$7.50Aug 7$0.35$0.35$0.152.33$7.35
$7.00$7.50Aug 14$0.34$0.34$0.162.12$7.34
$6.50$7.00Aug 28$0.32$0.32$0.181.78$6.82
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$8.00$7.50Sep 4$0.35$0.35$0.152.33$7.65
$8.50$8.00Sep 4$0.35$0.35$0.152.33$8.15
$8.00$7.50Aug 21$0.33$0.33$0.171.94$7.67
$8.00$7.50Aug 28$0.33$0.33$0.171.94$7.67
$7.50$7.00Sep 4$0.32$0.32$0.181.78$7.18

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 9 found (avg debit $0.10, cheapest $0.07)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$6.50Aug 7Aug 14$0.07377.6%69.0%
$8.50Aug 7Aug 14$0.07343.1%98.5%
$7.00Aug 7Aug 14$0.09215.9%65.3%
$7.50Aug 7Aug 14$0.10174.7%59.9%
$8.00Aug 7Aug 14$0.10216.8%76.4%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$7.00Aug 7Aug 14$0.07215.9%65.3%
$7.50Aug 7Aug 14$0.13174.7%59.9%
$8.00Aug 7Aug 14$0.13216.8%76.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 32 found (cheapest 3.75% of stock, avg 13.96%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$7.50Aug 7$0.13$0.15$0.28$7.22$7.783.75%
$7.00Aug 7$0.48$0.03$0.51$6.49$7.516.83%
$7.50Aug 14$0.23$0.28$0.51$6.99$8.016.83%
$8.00Aug 7$0.03$0.55$0.58$7.42$8.587.76%
$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%
$8.00Aug 14$0.13$0.68$0.81$7.19$8.8110.84%
$7.00Aug 21$0.65$0.18$0.83$6.17$7.8311.11%
$7.50Aug 28$0.40$0.45$0.85$6.65$8.3511.38%
$7.00Aug 28$0.68$0.20$0.88$6.12$7.8811.78%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 50 found (cheapest 0.80% of stock, avg 4.96%)

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
$8.50$6.50Aug 14$0.10$0.03$0.13$6.37$8.63
$8.50$6.00Aug 14$0.10$0.03$0.13$5.87$8.63
$7.50$7.00Aug 7$0.13$0.03$0.16$6.84$7.66
$7.50$6.50Aug 7$0.13$0.03$0.16$6.34$7.66

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 3 found (best R:R 3.17, avg credit $0.31)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
6/78/8Sep 4$0.38$0.123.17$6.62$7.88
6/78/8Aug 21$0.28$0.221.27$6.72$7.78
6/78/8Aug 28$0.27$0.231.17$6.73$7.77

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 32 found (best R:R 6.14, cheapest $0.07)

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

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 $--, 24 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$6.00$7.001:2Sep 18$0.00$1.00
$7.50$8.001:2Aug 21-$0.05$0.45
$8.00$8.501:2Aug 14-$0.07$0.43
$7.50$8.001:2Sep 4-$0.07$0.43
$8.00$8.501:2Aug 21-$0.10$0.40
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$6.50$6.001:2Sep 11-$0.05$0.45
$8.00$7.501:2Aug 21-$0.07$0.43
$7.50$7.001:2Sep 11-$0.07$0.43
$8.00$7.501:2Aug 28-$0.12$0.38
$8.50$8.001:2Aug 14-$0.23$0.27

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 14 found (best yield 5.35%, avg 2.58%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$7.50Sep 4$0.400.510.4%5.35%5.76%4143
$7.50Aug 21$0.300.500.4%4.02%4.42%1185.7K
$7.50Aug 28$0.300.500.4%4.02%4.42%1209
$7.50Sep 11$0.300.510.4%4.02%4.42%--38
$8.00Sep 18$0.300.407.1%4.02%11.11%1293.8K
$7.50Aug 14$0.200.480.4%2.68%3.08%3742.4K
$8.00Aug 21$0.150.327.1%2.01%9.10%7.9K42.5K
$8.00Aug 28$0.150.357.1%2.01%9.10%3419
$7.50Aug 7$0.100.480.4%1.34%1.74%9603.9K
$8.00Aug 14$0.100.277.1%1.34%8.43%4003.1K

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 14,603
Total Puts 6,358
Put/Call Ratio 0.44
Net Difference 8,245

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 323,720
Total Puts 109,138
Average Put/Call Ratio 0.84
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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