Tour v290
WEN
WENDYS CO A
$8.60 -3.92%
$8.56 (-0.47%)🌙
as of 07/02 07:12 PM
7/2 19:12

Option Volume

Detail
Current (07/02) 143,226
Calls: 116,453 (81%)
Puts: 26,773 (19%)
Prior (07/01) 169,366
Calls: 144,798 (85%)
Puts: 24,568 (15%)
Current vs Prior -15.43%
Calls: -19.58% (Calls)
Puts: +8.98% (Puts)
Prior 7-Day Total 1,664,217
Calls: 1,210,391 (73%)
Puts: 453,826 (27%)
Prior 7-Day Average 237,745
Calls: 172,913 (73%)
Puts: 64,832 (27%)
Current vs Prior 7-Day Avg -39.76%
Calls: -32.65%
Puts: -58.70%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/02) $6.64M
Calls: $5.42M (82%)
Puts: $1.22M (18%)
Prior (07/01) $11.11M
Calls: $10.25M (92%)
Puts: $863.7K (8%)
Current vs Prior -40.23%
Calls: -47.11%
Puts: +41.46%
Prior 7-Day Total $99.47M
Calls: $75.14M (76%)
Puts: $24.33M (24%)
Prior 7-Day Average $14.21M
Calls: $10.73M (76%)
Puts: $3.48M (24%)
Current vs Prior 7-Day Avg -53.25%
Calls: -49.50%
Puts: -64.85%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/02) 0.23
Prior (07/01) 0.17
Current vs Prior +35.50%
Prior 7-Day Average 0.39
Current vs Prior 7-Day Avg -40.52%
Sentiment BULLISH

Open Interest

Detail
Current (07/02) 815,011
Calls: 479,282 (59%)
Puts: 335,729 (41%)
Prior (07/01) 789,723
Calls: 459,453 (58%)
Puts: 330,270 (42%)
Current vs Prior +3.20%
Prior 7-Day Total 4,332,002
Calls: 2,720,107 (56%)
Puts: 2,113,897 (44%)
Prior 7-Day Average 618,857
Calls: 388,586 (56%)
Puts: 301,985 (44%)
Current vs Prior 7-Day Avg +31.70%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/02) | Next (07/10)Expiry (07/17) | Next (08/21)
Current 1.28% | 10.81%14.77% | 25.93%
Prior 7.05% | 15.44%-- | --
Current vs Prior +53.46% | -4.33%-- | --
Prior 7-Day Avg 10.61% | 16.48%-- | --
Current vs 7-Day Avg +1.96% | -10.37%-- | --
Prior 7-Day Eod 7.05% | 15.44%-- | --
Current vs 7-Day Eod +53.46% | -4.33%-- | --
Sentiment BEARISH--

Relative Spread

Detail
Expiry | Next
Current 11.66% | 12.92%
Calls: 15.38% | 10.53%
Puts: 7.94% | 15.31%
Prior 11.66% | 12.92%
Calls: 15.38% | 10.53%
Puts: 7.94% | 15.31%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 12.82% | 13.22%
Calls: 14.07% | 11.25%
Puts: 11.97% | 15.28%
Current vs 7-Day Avg -9.07% | -2.27%
Liquidity Expensive
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🤖 AI Insights

Strong bullish conviction with 82% of dollar volume in calls ($5.42M) vs puts ($1.22M). Extreme bullish P/C ratio of 0.23 - heavy call buying (116,453 calls vs 26,773 puts). P/C ratio rising 36% - increased hedging/bearish positioning.

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 BULLISH
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BEARISH
7-Day Avg BEARISH

📈 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 4 of results (avg 7.5%, best 5.4%)

CALLS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Jul 170.900.95$0.935.4%1.4K0.699.4K
$8.00Jul 100.750.80$0.786.4%2.8K0.754.3K
$7.50Jul 101.101.20$1.158.7%2340.871.5K
$8.50Jul 100.500.55$0.539.4%2.6K0.574.2K
PUTS (0)
No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 5 found (avg $0.61, cheapest $0.32)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.00Jul 100.300.35$0.3215.6%5.2K0.413.7K
$10.00Jul 310.450.50$0.4810.4%7340.352.8K
$8.50Jul 100.500.55$0.539.4%2.6K0.574.2K
$8.00Jul 100.750.80$0.786.4%2.8K0.754.3K
$8.00Jul 170.900.95$0.935.4%1.4K0.699.4K
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 42 found (avg delta 0.74, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.50Jul 20.050.10$0.0862.5%11.4K1.007.1K
$7.00Jul 21.501.85$1.6820.8%6010.951.1K
$7.00Jul 101.501.70$1.6012.5%1.2K0.951.6K
$7.50Jul 21.001.25$1.1322.1%7530.942.5K
$8.00Jul 20.550.75$0.6530.8%5.6K0.9010.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.50Jul 20.000.05$0.03166.7%6.3K1.002.0K
$10.00Jul 21.201.85$1.5342.5%1200.94103
$9.50Jul 20.551.35$0.9584.2%1770.93377
$9.00Jul 20.150.85$0.50140.0%2.0K0.89294
$10.00Jul 101.451.85$1.6524.2%380.7818

Most actively traded options today. High liquidity = easy entry/exit. 86 active (total vol 101.5K, top 13.9K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.00Jul 20.000.05$0.03166.7%13.9K0.1410.4K
$8.50Jul 20.050.10$0.0862.5%11.4K1.007.1K
$9.50Jul 20.000.05$0.03166.7%7.0K0.095.9K
$9.50Jul 100.200.25$0.2321.7%5.9K0.293.4K
$8.00Jul 20.550.75$0.6530.8%5.6K0.9010.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.50Jul 20.000.05$0.03166.7%6.3K1.002.0K
$9.00Jul 20.150.85$0.50140.0%2.0K0.89294
$7.00Jul 170.050.10$0.0862.5%1.8K0.105.6K
$8.00Jul 100.150.20$0.1827.8%1.6K0.261.3K
$8.50Jul 100.350.45$0.4025.0%1.1K0.4361.1K

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 1219.8%, max 1981.0%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$7.00Jul 2Aug 71748.0%84.0%1981.0%6141.3K
$10.00Jul 2Aug 141287.0%81.0%1488.9%4.5K11.6K
$7.50Jul 2Aug 71269.0%84.0%1410.7%7593.3K
$8.00Jul 2Aug 14793.0%62.0%1179.0%5.6K10.2K
$9.50Jul 2Aug 14938.0%90.0%942.2%7.0K5.9K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$7.00Jul 2Aug 141748.0%84.0%1981.0%595.0K
$7.50Jul 2Aug 71269.0%84.0%1410.7%2099.4K
$10.00Jul 2Jul 311287.0%96.0%1240.6%128125
$8.00Jul 2Aug 7793.0%66.0%1101.5%5585.2K
$9.50Jul 2Jul 31938.0%92.0%919.6%180383

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 34 found (best R:R 4.00, avg 1.50)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$9.00$9.50Jul 17$0.10$0.40$0.104.00$9.10
$9.50$10.00Jul 17$0.12$0.38$0.123.17$9.62
$9.00$9.50Jul 24$0.13$0.37$0.132.85$9.13
$9.00$9.50Jul 31$0.13$0.37$0.132.85$9.13
$8.50$9.00Jul 17$0.15$0.35$0.152.33$8.65
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$8.00$7.50Jul 24$0.15$0.35$0.152.33$7.85
$8.00$7.50Jul 31$0.15$0.35$0.152.33$7.85
$7.50$7.00Aug 7$0.15$0.35$0.152.33$7.35
$7.50$7.00Jul 31$0.17$0.33$0.171.94$7.33
$8.50$8.00Jul 24$0.18$0.32$0.181.78$8.32

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 43 found (best R:R 4.00, avg 1.41)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$7.00$7.50Jul 24$0.40$0.40$0.104.00$7.40
$7.50$8.00Jul 10$0.37$0.37$0.132.85$7.87
$7.50$8.00Jul 24$0.33$0.33$0.171.94$7.83
$7.50$8.00Jul 17$0.30$0.30$0.201.50$7.80
$7.00$7.50Aug 7$0.30$0.30$0.201.50$7.30
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$9.50$9.00Jul 31$0.40$0.40$0.104.00$9.10
$10.00$9.50Jul 31$0.40$0.40$0.104.00$9.60
$8.50$8.00Aug 7$0.40$0.40$0.104.00$8.10
$10.00$9.50Jul 10$0.38$0.38$0.123.17$9.62
$9.50$9.00Jul 24$0.37$0.37$0.132.85$9.13

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 11 found (avg debit $0.22, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$8.00Jul 2Jul 10$0.13793.0%84.0%
$10.00Jul 2Jul 10$0.151287.0%117.0%
$9.50Jul 2Jul 10$0.20938.0%105.0%
$9.00Jul 2Jul 10$0.29526.0%95.0%
$8.50Jul 2Jul 10$0.45-999.0%90.0%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$7.50Jul 2Jul 10$0.051269.0%87.0%
$10.00Jul 2Jul 10$0.121287.0%117.0%
$8.00Jul 2Jul 10$0.15793.0%84.0%
$9.00Jul 2Jul 10$0.23526.0%95.0%
$9.50Jul 2Jul 10$0.32938.0%105.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 39 found (cheapest 1.28% of stock, avg 17.87%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$8.50Jul 2$0.08$0.03$0.11$8.39$8.611.28%
$9.00Jul 2$0.03$0.50$0.53$8.47$9.536.16%
$8.00Jul 2$0.65$0.03$0.68$7.32$8.687.91%
$8.50Jul 10$0.53$0.40$0.93$7.57$9.4310.81%
$8.00Jul 10$0.78$0.18$0.96$7.04$8.9611.16%
$9.50Jul 2$0.03$0.95$0.98$8.52$10.4811.40%
$9.00Jul 10$0.32$0.73$1.05$7.95$10.0512.21%
$7.50Jul 2$1.13$0.03$1.16$6.34$8.6613.49%
$7.50Jul 10$1.15$0.08$1.23$6.27$8.7314.30%
$8.50Jul 17$0.70$0.57$1.27$7.23$9.7714.77%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 65 found (cheapest 0.70% of stock, avg 9.43%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$9.00$8.00Jul 2$0.03$0.03$0.06$7.94$9.06
$9.00$7.50Jul 2$0.03$0.03$0.06$7.44$9.06
$9.50$8.00Jul 2$0.03$0.03$0.06$7.94$9.56
$9.50$7.50Jul 2$0.03$0.03$0.06$7.44$9.56
$10.00$8.00Jul 2$0.03$0.03$0.06$7.94$10.06
$10.00$7.50Jul 2$0.03$0.03$0.06$7.44$10.06
$10.00$7.50Jul 10$0.18$0.08$0.26$7.24$10.26
$9.50$7.50Jul 10$0.23$0.08$0.31$7.19$9.81
$10.00$8.00Jul 10$0.18$0.18$0.36$7.64$10.36
$9.00$7.50Jul 10$0.32$0.08$0.40$7.10$9.40

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 13 found (best R:R 4.00, avg credit $0.33)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
7/88/8Jul 31$0.40$0.104.00$7.10$8.40
7/89/10Aug 7$0.38$0.123.17$7.12$9.38
8/88/9Jul 17$0.35$0.152.33$7.65$8.85
8/810/10Jul 17$0.34$0.162.12$8.16$9.84
7/88/9Aug 7$0.33$0.171.94$7.17$8.83
8/810/10Jul 17$0.32$0.181.78$7.68$9.82
8/89/10Jul 17$0.32$0.181.78$8.18$9.32
8/88/9Jul 24$0.32$0.181.78$7.68$8.82
8/89/10Jul 24$0.31$0.191.63$8.19$9.31
8/89/10Jul 17$0.30$0.201.50$7.70$9.30

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 27 found (best R:R 9.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$8.50$9.00$9.50Jul 2$0.05$0.459.00
$7.00$7.50$8.00Jul 2$0.07$0.436.14
$7.50$8.00$8.50Jul 17$0.07$0.436.14
$7.00$7.50$8.00Jul 24$0.07$0.436.14
$8.00$8.50$9.00Aug 7$0.07$0.436.14
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$8.50$9.00$9.50Jul 17$0.06$0.447.33
$8.50$9.00$9.50Jul 31$0.08$0.425.25
$7.00$7.50$8.00Jul 24$0.10$0.404.00
$8.00$8.50$9.00Jul 10$0.11$0.393.55
$7.50$8.00$8.50Jul 10$0.12$0.383.17

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 37 found (best net $-0.30, 35 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$8.50$9.501:2Aug 14-$0.30$0.70
$8.50$9.001:2Jul 10-$0.11$0.39
$9.50$10.001:2Jul 10-$0.13$0.37
$9.00$9.501:2Jul 10-$0.14$0.36
$7.50$8.001:2Jul 2-$0.17$0.33
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$9.50$9.001:2Jul 2-$0.05$0.45
$9.00$8.501:2Jul 10-$0.07$0.43
$7.50$7.001:2Aug 7-$0.10$0.40
$8.50$8.001:2Jul 17-$0.13$0.37
$8.00$7.501:2Jul 24-$0.15$0.35

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 17 found (best yield 8.14%, avg 4.65%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$9.00Aug 7$0.700.494.7%8.14%12.79%735912
$9.00Jul 31$0.600.494.7%6.98%11.63%5271.5K
$9.00Jul 24$0.550.484.7%6.40%11.05%7801.5K
$9.50Jul 31$0.500.4110.5%5.81%16.28%133396
$10.00Aug 7$0.500.4016.3%5.81%22.09%4801.1K
$9.00Jul 17$0.450.464.7%5.23%9.88%1.9K11.7K
$10.00Jul 31$0.450.3516.3%5.23%21.51%7342.8K
$9.50Aug 14$0.450.4510.5%5.23%15.70%8--
$9.50Jul 24$0.400.4010.5%4.65%15.12%243297
$9.50Aug 7$0.400.4110.5%4.65%15.12%40327

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 116,453
Total Puts 26,773
Put/Call Ratio 0.23
Net Difference 89,680

Prior's Put/Call Breakdown

Total Calls 144,798
Total Puts 24,568
Put/Call Ratio 0.17
Net Difference 120,230

Prior 7-Day Put/Call Summary

Total Calls 1,210,391
Total Puts 453,826
Average Put/Call Ratio 0.39
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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