NEW Tour v215
WEN
WENDYS CO A
$7.80 +6.41%
$7.81 (+0.13%)🌙
as of 06/26 07:11 PM
6/26 19:11

Option Volume

Detail
Current (06/26) 369,422
Calls: 173,871 (47%)
Puts: 195,551 (53%)
Prior (06/25) 378,838
Calls: 282,501 (75%)
Puts: 96,337 (25%)
Current vs Prior -2.49%
Calls: -38.45% (Calls)
Puts: +102.99% (Puts)
Prior 7-Day Total 914,264
Calls: 710,166 (78%)
Puts: 204,098 (22%)
Prior 7-Day Average 152,377
Calls: 101,452 (78%)
Puts: 29,156 (22%)
Current vs Prior 7-Day Avg +142.44%
Calls: +71.38%
Puts: +570.69%
Sentiment BEARISH

Dollar Volume

Detail
Current (06/26) $21.37M
Calls: $8.59M (40%)
Puts: $12.78M (60%)
Prior (06/25) $16.72M
Calls: $12.09M (72%)
Puts: $4.64M (28%)
Current vs Prior +27.77%
Calls: -28.95%
Puts: +175.52%
Prior 7-Day Total $54.61M
Calls: $44.42M (81%)
Puts: $10.19M (19%)
Prior 7-Day Average $9.10M
Calls: $6.35M (81%)
Puts: $1.46M (19%)
Current vs Prior 7-Day Avg +134.79%
Calls: +35.33%
Puts: +778.04%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (06/26) 1.12
Prior (06/25) 0.34
Current vs Prior +229.81%
Prior 7-Day Average 0.34
Current vs Prior 7-Day Avg +233.76%
Sentiment BEARISH

Open Interest

Detail
Current (06/26) 720,889
Calls: 417,764 (58%)
Puts: 303,125 (42%)
Prior (06/25) 618,266
Calls: 347,705 (56%)
Puts: 270,561 (44%)
Current vs Prior +16.60%
Prior 7-Day Total 2,411,387
Calls: 1,202,279 (50%)
Puts: 1,209,108 (50%)
Prior 7-Day Average 401,897
Calls: 200,379 (50%)
Puts: 201,518 (50%)
Current vs Prior 7-Day Avg +79.37%
Sentiment BEARISH

Expected Move

Detail
Expiry (06/26) | Next (07/02)Expiry (06/26) | Next (07/10)Expiry (06/26) | Next (07/10)Expiry (07/17) | Next (08/21)
Current 3.59% | 14.23%3.59% | 19.87%3.59% | 19.87%20.90% | 27.95%
Prior 9.69% | 16.51%-- | ---- | ---- | --
Current vs Prior +46.92% | +20.38%-- | ---- | ---- | --
Prior 7-Day Avg 8.31% | 12.29%-- | ---- | ---- | --
Current vs 7-Day Avg +71.25% | +61.72%-- | ---- | ---- | --
Prior 7-Day Eod 9.69% | 16.51%-- | ---- | ---- | --
Current vs 7-Day Eod +46.92% | +20.38%-- | ---- | ---- | --
Sentiment BEARISH------

Relative Spread

Detail
Expiry | Next
Current 16.84% | 24.36%
Calls: 11.63% | 15.38%
Puts: 22.06% | 33.33%
Prior 14.75% | 8.39%
Calls: 17.86% | 9.43%
Puts: 11.63% | 7.35%
Current vs Prior +14.17% | +190.35%
Prior 7-Day Avg 54.07% | 59.96%
Calls: 48.07% | 34.59%
Puts: 60.06% | 60.14%
Current vs 7-Day Avg -68.85% | -59.37%
Liquidity Expensive
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🤖 AI Insights

Dollar volume significantly above 7-day average (135% higher). Volume explosion - 142% above 7-day average (369,422 vs avg 152,377). Slightly bearish P/C ratio of 1.12. P/C ratio rising 230% - increased hedging/bearish positioning.

Smart Money BEARISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH
Current NEUTRAL
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
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 6 of results (avg 6.9%, best 4.3%)

CALLS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.00Jul 171.151.20$1.174.3%9980.713.8K
$7.00Jul 101.051.10$1.084.6%2130.731.7K
$7.50Jul 20.600.65$0.637.9%3.7K0.622.8K
$6.50Jul 171.451.60$1.539.8%410.80839
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Jul 170.900.95$0.935.4%9960.491.3K
$7.50Jul 100.500.55$0.539.4%6800.4027.7K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 15 found (avg $0.66, cheapest $0.28)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Jul 20.400.45$0.4311.6%11.0K0.466.1K
$9.00Jul 170.450.50$0.4810.4%6.0K0.366.1K
$7.50Jul 20.600.65$0.637.9%3.7K0.622.8K
$8.00Jul 100.600.70$0.6515.4%3.3K0.492.7K
$8.00Jul 170.650.75$0.7014.3%3.1K0.507.4K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.00Jul 100.250.30$0.2817.9%61.0K0.27681
$7.50Jul 20.300.35$0.3215.6%5.7K0.381.8K
$7.50Jul 100.500.55$0.539.4%6800.4027.7K
$7.50Jul 170.550.65$0.6016.7%1.0K0.40976
$8.00Jul 170.900.95$0.935.4%9960.491.3K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 40 found (avg delta 0.69, highest 0.97)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$6.50Jul 21.051.75$1.4050.0%1950.971.1K
$6.50Jun 260.851.50$1.1855.1%2.4K0.942.9K
$7.00Jun 260.750.90$0.8318.1%4.0K0.923.2K
$6.50Jul 101.051.50$1.2735.4%1060.86307
$7.50Jun 260.250.40$0.3345.5%12.0K0.854.1K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.00Jun 261.001.60$1.3046.2%1000.94163
$8.50Jun 260.650.95$0.8037.5%20.9K0.9240.7K
$8.00Jun 260.200.30$0.2540.0%6.2K0.842.1K
$9.00Jul 21.102.00$1.5558.1%330.7360
$9.00Jul 101.251.75$1.5033.3%320.6661

Most actively traded options today. High liquidity = easy entry/exit. 82 active (total vol 292.1K, top 61.0K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Jun 260.000.05$0.03166.7%28.9K0.2115.4K
$7.50Jun 260.250.40$0.3345.5%12.0K0.854.1K
$8.00Jul 20.400.45$0.4311.6%11.0K0.466.1K
$9.00Jul 170.450.50$0.4810.4%6.0K0.366.1K
$8.50Jun 260.000.05$0.03166.7%5.7K0.117.5K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.00Jul 100.250.30$0.2817.9%61.0K0.27681
$8.50Jul 101.101.25$1.1812.7%60.7K0.5993
$8.50Jun 260.650.95$0.8037.5%20.9K0.9240.7K
$7.50Jun 260.000.05$0.03166.7%12.8K0.155.2K
$8.00Jun 260.200.30$0.2540.0%6.2K0.842.1K

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 881.4%, max 1657.0%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$6.50Jun 26Aug 71628.3%92.7%1657.0%2.4K2.9K
$7.00Jun 26Aug 71094.0%90.5%1108.5%4.1K3.4K
$9.00Jun 26Aug 71260.6%104.4%1108.0%4.5K13.4K
$8.50Jun 26Aug 7857.1%99.5%761.5%5.9K7.6K
$7.50Jun 26Aug 7547.5%94.2%481.2%12.2K4.5K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$6.50Jun 26Aug 71628.3%92.7%1657.0%57948.3K
$7.00Jun 26Aug 71094.0%90.5%1108.5%4.8K9.1K
$9.00Jun 26Jul 241260.6%121.3%939.1%120210
$8.50Jun 26Aug 7857.1%99.5%761.5%20.9K40.7K
$7.50Jun 26Aug 7547.5%94.2%481.2%12.9K5.2K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 41 found (best R:R 4.00, avg 1.55)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$8.00$8.50Jul 2$0.13$0.37$0.132.85$8.13
$8.00$8.50Jul 17$0.13$0.37$0.132.85$8.13
$8.50$9.00Jul 31$0.13$0.37$0.132.85$8.63
$8.00$8.50Jul 10$0.15$0.35$0.152.33$8.15
$7.00$7.50Aug 7$0.15$0.35$0.152.33$7.15
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$7.00$6.50Jul 2$0.10$0.40$0.104.00$6.90
$8.00$7.50Jul 31$0.12$0.38$0.123.17$7.88
$7.00$6.50Jul 31$0.13$0.37$0.132.85$6.87
$7.00$6.50Jul 10$0.15$0.35$0.152.33$6.85
$7.00$6.50Jul 17$0.17$0.33$0.171.94$6.83

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 45 found (best R:R 2.85, avg 1.02)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$6.50$7.00Jul 17$0.36$0.36$0.142.57$6.86
$6.50$7.00Jun 26$0.35$0.35$0.152.33$6.85
$7.50$8.00Jun 26$0.30$0.30$0.201.50$7.80
$7.00$7.50Jul 31$0.30$0.30$0.201.50$7.30
$7.00$7.50Jul 2$0.27$0.27$0.231.17$7.27
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$8.00$7.50Jul 10$0.37$0.37$0.132.85$7.63
$8.00$7.50Jul 2$0.36$0.36$0.142.57$7.64
$8.00$7.50Jul 17$0.33$0.33$0.171.94$7.67
$8.00$7.50Aug 7$0.33$0.33$0.171.94$7.67
$8.50$8.00Jul 2$0.32$0.32$0.181.78$8.18

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 11 found (avg debit $0.25, cheapest $0.07)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$7.00Jun 26Jul 2$0.071094.0%104.2%
$9.00Jun 26Jul 2$0.201260.6%159.2%
$6.50Jun 26Jul 2$0.221628.3%92.7%
$8.50Jun 26Jul 2$0.27857.1%146.5%
$7.50Jun 26Jul 2$0.30547.5%112.9%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$7.00Jun 26Jul 2$0.101094.0%104.2%
$8.50Jun 26Jul 2$0.20857.1%146.5%
$9.00Jun 26Jul 2$0.251260.6%159.2%
$7.50Jun 26Jul 2$0.29547.5%112.9%
$8.00Jun 26Jul 2$0.43361.2%135.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 40 found (cheapest 3.59% of stock, avg 20.94%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$8.00Jun 26$0.03$0.25$0.28$7.72$8.283.59%
$7.50Jun 26$0.33$0.03$0.36$7.14$7.864.62%
$8.50Jun 26$0.03$0.80$0.83$7.67$9.3310.64%
$7.00Jun 26$0.83$0.03$0.86$6.14$7.8611.03%
$7.50Jul 2$0.63$0.32$0.95$6.55$8.4512.18%
$7.00Jul 2$0.90$0.13$1.03$5.97$8.0313.21%
$8.00Jul 2$0.43$0.68$1.11$6.89$9.1114.23%
$6.50Jun 26$1.18$0.03$1.21$5.29$7.7115.51%
$8.50Jul 2$0.30$1.00$1.30$7.20$9.8016.67%
$9.00Jun 26$0.03$1.30$1.33$7.67$10.3317.05%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 59 found (cheapest 0.77% of stock, avg 11.81%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$8.00$7.50Jun 26$0.03$0.03$0.06$7.44$8.06
$8.00$7.00Jun 26$0.03$0.03$0.06$6.94$8.06
$8.00$6.50Jun 26$0.03$0.03$0.06$6.44$8.06
$8.50$7.50Jun 26$0.03$0.03$0.06$7.44$8.56
$8.50$7.00Jun 26$0.03$0.03$0.06$6.94$8.56
$8.50$6.50Jun 26$0.03$0.03$0.06$6.44$8.56
$9.00$7.50Jun 26$0.03$0.03$0.06$7.44$9.06
$9.00$7.00Jun 26$0.03$0.03$0.06$6.94$9.06
$9.00$6.50Jun 26$0.03$0.03$0.06$6.44$9.06
$9.00$6.50Jul 2$0.23$0.03$0.26$6.24$9.26

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 14 found (best R:R 2.85, avg credit $0.31)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
6/78/8Aug 7$0.37$0.132.85$6.63$7.87
6/78/8Aug 7$0.37$0.132.85$6.63$8.37
6/78/8Jul 24$0.35$0.152.33$6.65$7.85
6/78/9Jul 24$0.35$0.152.33$6.65$8.85
6/78/8Jul 10$0.33$0.171.94$6.67$7.83
7/88/8Jul 17$0.33$0.171.94$7.17$8.33
6/78/8Jul 31$0.33$0.171.94$6.67$7.83
7/88/8Jul 2$0.32$0.181.78$7.18$8.32
6/78/8Jul 2$0.30$0.201.50$6.70$7.80
6/78/8Jul 10$0.30$0.201.50$6.70$8.30

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
$8.00$8.50$9.00Jul 10$0.05$0.459.00
$8.00$8.50$9.00Jul 2$0.06$0.447.33
$7.00$7.50$8.00Jul 24$0.06$0.447.33
$7.00$7.50$8.00Jul 2$0.07$0.436.14
$7.50$8.00$8.50Jul 2$0.07$0.436.14
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$7.00$7.50$8.00Aug 7$0.05$0.459.00
$8.00$8.50$9.00Jul 24$0.07$0.436.14
$6.50$7.00$7.50Jul 2$0.09$0.414.56
$6.50$7.00$7.50Jul 10$0.10$0.404.00
$6.50$7.00$7.50Aug 7$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 $-0.06, 28 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$8.50$9.001:2Jul 2-$0.16$0.34
$8.00$8.501:2Jul 2-$0.17$0.33
$7.50$8.001:2Jul 2-$0.23$0.27
$8.50$9.001:2Jul 10-$0.30$0.20
$8.00$8.501:2Jul 10-$0.35$0.15
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$7.00$6.501:2Jul 17-$0.06$0.44
$7.00$6.501:2Jul 24-$0.12$0.38
$8.00$7.501:2Jul 10-$0.16$0.34
$7.50$7.001:2Jul 24-$0.16$0.34
$7.50$7.001:2Jul 17-$0.20$0.30

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 18 found (best yield 10.90%, avg 6.77%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$8.00Aug 7$0.850.532.6%10.90%13.46%199104
$8.00Jul 24$0.750.522.6%9.62%12.18%626925
$8.00Jul 31$0.700.542.6%8.97%11.54%7331.3K
$8.00Jul 17$0.650.502.6%8.33%10.90%3.1K7.4K
$8.50Aug 7$0.650.469.0%8.33%17.31%171120
$8.00Jul 10$0.600.492.6%7.69%10.26%3.3K2.7K
$8.50Jul 24$0.600.469.0%7.69%16.67%158494
$8.50Jul 31$0.550.489.0%7.05%16.03%108447
$9.00Aug 7$0.550.4015.4%7.05%22.44%52479
$8.50Jul 17$0.500.429.0%6.41%15.38%2.3K3.5K

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 173,871
Total Puts 195,551
Put/Call Ratio 1.12
Net Difference -21,680

Prior's Put/Call Breakdown

Total Calls 282,501
Total Puts 96,337
Put/Call Ratio 0.34
Net Difference 186,164

Prior 7-Day Put/Call Summary

Total Calls 710,166
Total Puts 204,098
Average Put/Call Ratio 0.34
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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