Tour v494
WEN
WENDYS CO A
$7.54 +1.96%
8/7 10:35

Option Volume

Detail
Current (08/07 10:35am) 23,647
Calls: 16,793 (71%)
Puts: 6,854 (29%)
Prior (06/24) 49,651
Calls: 44,206 (89%)
Puts: 5,445 (11%)
Current vs Prior -52.37%
Calls: -62.01% (Calls)
Puts: +25.88% (Puts)
Prior 7-Day Total 436,248
Calls: 326,095 (75%)
Puts: 110,153 (25%)
Prior 7-Day Average 62,321
Calls: 46,585 (75%)
Puts: 15,736 (25%)
Current vs Prior 7-Day Avg -62.06%
Calls: -63.95%
Puts: -56.44%
Sentiment BULLISH

Dollar Volume

Detail
Current (08/07 10:35am) $780.3K
Calls: $680.0K (87%)
Puts: $100.3K (13%)
Prior (06/24) $6.68M
Calls: $6.21M (93%)
Puts: $469.8K (7%)
Current vs Prior -88.32%
Calls: -89.05%
Puts: -78.65%
Prior 7-Day Total $28.84M
Calls: $24.53M (85%)
Puts: $4.31M (15%)
Prior 7-Day Average $4.12M
Calls: $3.50M (85%)
Puts: $615.9K (15%)
Current vs Prior 7-Day Avg -81.06%
Calls: -80.59%
Puts: -83.72%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/07 10:35am) 0.41
Prior (06/24) 0.12
Current vs Prior +231.36%
Prior 7-Day Average 0.84
Current vs Prior 7-Day Avg -51.27%
Sentiment BULLISH

Open Interest

Detail
Current (08/07 10:35am) 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 3.32% | 6.76%9.55% | 18.57%
Prior 8.71% | 11.35%13.46% | 17.94%
Current vs Prior -61.92% | -40.38%-29.04% | +3.49%
Prior 7-Day Avg 8.08% | 11.72%13.46% | 17.94%
Current vs 7-Day Avg -58.97% | -42.30%-29.04% | +3.49%
Prior 7-Day Eod 8.71% | 11.35%12.86% | 15.70%
Current vs 7-Day Eod -61.92% | -40.38%-25.72% | +18.29%
Sentiment BULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 88.89% | 19.80%
Calls: 66.67% | 17.86%
Puts: 111.11% | 21.74%
Prior 28.66% | 35.36%
Calls: 39.47% | 31.25%
Puts: 17.86% | 39.47%
Current vs Prior +210.15% | -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 +167.10% | -47.53%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 87% of dollar volume in calls ($680.0K) vs puts ($100.3K). Light premium activity with dollar volume down 88% vs prior. Below-average activity with volume down 52% vs prior. Extreme bullish P/C ratio of 0.41 - heavy call buying (16,793 calls vs 6,854 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
10:35BULLISHBULLISHBULLISH
10:30BULLISHBULLISHBULLISH
10:25BULLISHBULLISHBULLISH
10:20BULLISHBULLISHBULLISH
10:15BULLISHBULLISHBULLISH
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 1 of results (avg 6.5%, best 6.5%)

CALLS (0)
No calls meet the criteria
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.00Aug 211.501.60$1.556.5%--0.813.2K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 5 found (avg $0.45, cheapest $0.28)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.50Aug 140.250.30$0.2817.9%4330.552.4K
PUTS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.50Aug 210.300.35$0.3215.6%650.45710
$7.00Sep 180.300.35$0.3215.6%40.33383
$7.50Aug 280.350.40$0.3813.2%70.45116
$8.00Sep 180.901.00$0.9510.5%--0.571.3K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 30 found (avg delta 0.73, highest 0.93)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$6.50Aug 210.851.25$1.0538.1%--0.93101
$6.50Aug 70.901.15$1.0224.5%540.9395
$6.50Aug 140.951.20$1.0823.1%750.9214
$7.00Aug 70.450.65$0.5536.4%1040.89521
$6.50Aug 280.601.40$1.0080.0%--0.8719
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.50Aug 70.851.25$1.0538.1%200.91116
$8.00Aug 70.400.55$0.4831.3%1220.87281
$8.50Aug 140.951.20$1.0823.1%20.8341
$9.00Aug 211.501.60$1.556.5%--0.813.2K
$8.50Aug 211.001.20$1.1018.2%90.7678

Most actively traded options today. High liquidity = easy entry/exit. 51 active (total vol 19.2K, top 8.0K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Aug 210.200.25$0.2321.7%8.0K0.3642.5K
$7.50Aug 70.100.20$0.1566.7%1.0K0.573.9K
$8.00Aug 70.000.05$0.03166.7%6800.1310.5K
$8.00Aug 140.100.15$0.1338.5%4540.293.1K
$8.50Aug 140.050.10$0.0862.5%4470.17973
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.50Aug 70.050.15$0.10100.0%5.4K0.437.3K
$7.00Aug 70.000.05$0.03166.7%2410.114.1K
$8.00Aug 70.400.55$0.4831.3%1220.87281
$7.00Aug 140.050.10$0.0862.5%1100.19860
$7.50Aug 210.300.35$0.3215.6%650.45710

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 376.1%, max 605.4%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$6.50Aug 7Sep 11411.9%58.4%605.4%54145
$9.00Aug 7Sep 18449.9%68.1%560.4%3436.1K
$8.50Aug 7Sep 11334.0%62.6%433.3%923.0K
$7.00Aug 7Sep 18246.6%53.6%359.7%1151.9K
$7.50Aug 7Sep 11161.8%52.3%209.3%1.0K4.0K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$6.50Aug 7Sep 11411.9%58.4%605.4%3793
$8.50Aug 7Sep 4334.0%69.8%378.9%20352
$7.00Aug 7Sep 18246.6%53.6%359.7%2454.5K
$7.50Aug 7Sep 11161.8%52.3%209.3%5.4K7.3K
$8.00Aug 7Sep 18200.9%65.2%208.1%1221.6K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 27 found (best R:R 3.55, avg 1.69)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$8.00$9.00Sep 18$0.22$0.78$0.223.55$8.22
$7.50$8.00Aug 7$0.12$0.38$0.123.17$7.62
$7.50$8.00Aug 14$0.15$0.35$0.152.33$7.65
$7.50$8.00Aug 21$0.17$0.33$0.171.94$7.67
$7.50$8.00Aug 28$0.17$0.33$0.171.94$7.67
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$7.00$6.50Aug 21$0.12$0.38$0.123.17$6.88
$7.00$6.50Aug 28$0.12$0.38$0.123.17$6.88
$7.00$6.50Sep 11$0.13$0.37$0.132.85$6.87
$7.50$7.00Aug 14$0.15$0.35$0.152.33$7.35
$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. 31 found (best R:R 3.17, avg 1.08)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$7.00$7.50Aug 21$0.33$0.33$0.171.94$7.33
$7.00$7.50Aug 14$0.32$0.32$0.181.78$7.32
$6.50$7.00Aug 21$0.32$0.32$0.181.78$6.82
$6.50$7.00Sep 4$0.32$0.32$0.181.78$6.82
$7.00$7.50Aug 28$0.30$0.30$0.201.50$7.30
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$8.00$7.50Aug 7$0.38$0.38$0.123.17$7.62
$8.00$7.50Aug 21$0.36$0.36$0.142.57$7.64
$8.00$7.50Aug 28$0.35$0.35$0.152.33$7.65
$8.00$7.50Aug 14$0.34$0.34$0.162.12$7.66
$8.00$7.00Sep 18$0.63$0.63$0.371.70$7.37

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 8 found (avg debit $0.08, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$8.50Aug 7Aug 14$0.05334.0%83.1%
$9.00Aug 7Aug 14$0.05449.9%107.7%
$6.50Aug 7Aug 14$0.06411.9%74.0%
$8.00Aug 7Aug 14$0.10200.9%68.6%
$7.50Aug 7Aug 14$0.13161.8%58.4%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$7.00Aug 7Aug 14$0.05246.6%64.2%
$8.00Aug 7Aug 14$0.09200.9%68.6%
$7.50Aug 7Aug 14$0.13161.8%58.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 30 found (cheapest 3.32% of stock, avg 13.35%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$7.50Aug 7$0.15$0.10$0.25$7.25$7.753.32%
$8.00Aug 7$0.03$0.48$0.51$7.49$8.516.76%
$7.50Aug 14$0.28$0.23$0.51$6.99$8.016.76%
$7.00Aug 7$0.55$0.03$0.58$6.42$7.587.69%
$7.00Aug 14$0.60$0.08$0.68$6.32$7.689.02%
$8.00Aug 14$0.13$0.57$0.70$7.30$8.709.28%
$7.50Aug 21$0.40$0.32$0.72$6.78$8.229.55%
$7.50Aug 28$0.45$0.38$0.83$6.67$8.3311.01%
$7.00Aug 21$0.73$0.15$0.88$6.12$7.8811.67%
$8.00Aug 21$0.23$0.68$0.91$7.09$8.9112.07%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 56 found (cheapest 0.80% of stock, avg 4.99%)

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
$8.50$6.50Aug 14$0.08$0.03$0.11$6.39$8.61
$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

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$0.29$0.211.38$6.71$7.79
6/78/8Aug 28$0.29$0.211.38$6.71$7.79

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 30 found (best R:R 9.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$8.00$8.50$9.00Aug 14$0.05$0.459.00
$8.00$8.50$9.00Aug 21$0.06$0.447.33
$6.50$7.00$7.50Aug 7$0.07$0.436.14
$7.50$8.00$8.50Sep 4$0.08$0.425.25
$7.50$8.00$8.50Aug 21$0.09$0.414.56
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$7.50$8.00$8.50Aug 21$0.06$0.447.33
$6.50$7.00$7.50Aug 28$0.06$0.447.33
$6.50$7.00$7.50Aug 7$0.07$0.436.14
$7.50$8.00$8.50Aug 28$0.07$0.436.14
$6.50$7.00$7.50Sep 11$0.07$0.436.14

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 $-0.05, 26 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$7.00$8.001:2Sep 18-$0.05$0.95
$7.50$8.001:2Aug 21-$0.06$0.44
$7.00$7.501:2Aug 21-$0.07$0.43
$8.00$8.501:2Aug 21-$0.07$0.43
$6.50$7.001:2Aug 7-$0.08$0.42
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$8.50$8.001:2Aug 14-$0.06$0.44
$7.50$7.001:2Sep 4-$0.08$0.42
$7.50$7.001:2Sep 11-$0.08$0.42
$8.50$8.001:2Aug 21-$0.26$0.24
$8.50$8.001:2Aug 28-$0.31$0.19

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 12 found (best yield 5.31%, avg 2.21%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$8.00Sep 18$0.400.426.1%5.31%11.41%1453.8K
$8.00Aug 21$0.200.366.1%2.65%8.75%8.0K42.5K
$8.00Aug 28$0.200.386.1%2.65%8.75%3419
$8.00Sep 4$0.200.406.1%2.65%8.75%1122
$9.00Sep 18$0.200.2419.4%2.65%22.02%1222.7K
$8.50Aug 28$0.150.2812.7%1.99%14.72%58289
$8.50Sep 4$0.150.3012.7%1.99%14.72%--190
$8.00Aug 14$0.100.296.1%1.33%7.43%4543.1K
$8.50Aug 21$0.100.2412.7%1.33%14.06%332718
$9.00Aug 21$0.100.1919.4%1.33%20.69%30934.0K

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 16,793
Total Puts 6,854
Put/Call Ratio 0.41
Net Difference 9,939

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 326,095
Total Puts 110,153
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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