Tour v294
WEN
WENDYS CO A
$7.90 -8.14%
7/6 19:10

Option Volume

Detail
Current (07/06) 81,113
Calls: 55,103 (68%)
Puts: 26,010 (32%)
Prior (07/02) 143,226
Calls: 116,453 (81%)
Puts: 26,773 (19%)
Current vs Prior -43.37%
Calls: -52.68% (Calls)
Puts: -2.85% (Puts)
Prior 7-Day Total 1,321,302
Calls: 936,469 (71%)
Puts: 384,833 (29%)
Prior 7-Day Average 220,217
Calls: 133,781 (71%)
Puts: 54,976 (29%)
Current vs Prior 7-Day Avg -63.17%
Calls: -58.81%
Puts: -52.69%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/06) $3.79M
Calls: $2.58M (68%)
Puts: $1.21M (32%)
Prior (07/02) $6.64M
Calls: $5.42M (82%)
Puts: $1.22M (18%)
Current vs Prior -42.89%
Calls: -52.40%
Puts: -0.72%
Prior 7-Day Total $71.10M
Calls: $50.13M (71%)
Puts: $20.97M (29%)
Prior 7-Day Average $11.85M
Calls: $7.16M (71%)
Puts: $3.00M (29%)
Current vs Prior 7-Day Avg -67.98%
Calls: -63.96%
Puts: -59.50%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/06) 0.47
Prior (07/02) 0.23
Current vs Prior +105.31%
Prior 7-Day Average 0.37
Current vs Prior 7-Day Avg +26.13%
Sentiment BULLISH

Open Interest

Detail
Current (07/06) 641,329
Calls: 395,912 (62%)
Puts: 245,417 (38%)
Prior (07/02) 815,011
Calls: 479,282 (59%)
Puts: 335,729 (41%)
Current vs Prior -21.31%
Prior 7-Day Total 4,391,717
Calls: 2,502,171 (57%)
Puts: 1,889,546 (43%)
Prior 7-Day Average 731,952
Calls: 417,028 (57%)
Puts: 314,924 (43%)
Current vs Prior 7-Day Avg -12.38%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/10) | Next (07/17)Expiry (07/17) | Next (08/21)
Current 8.35% | 12.03%12.03% | 21.52%
Prior 10.81% | 14.77%-- | --
Current vs Prior -22.74% | -18.57%-- | --
Prior 7-Day Avg 10.13% | 16.15%-- | --
Current vs 7-Day Avg -17.49% | -25.55%-- | --
Prior 7-Day Eod 10.81% | 14.77%-- | --
Current vs 7-Day Eod -22.74% | -18.57%-- | --
Sentiment BULLISH--

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 13.04% | 14.07%
Calls: 15.17% | 11.15%
Puts: 10.91% | 16.99%
Current vs 7-Day Avg -10.57% | -8.18%
Liquidity Expensive
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🤖 AI Insights

Moderately bullish flow with 68% call dollar volume ($2.58M). Below-average activity with volume down 43% vs prior. Extreme bullish P/C ratio of 0.47 - heavy call buying (55,103 calls vs 26,010 puts). P/C ratio rising 105% - 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 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 3 of results (avg 7.2%, best 3.5%)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$6.50Jul 101.401.45$1.423.5%4530.93340
$7.50Jul 100.500.55$0.539.4%4260.731.5K
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.50Aug 140.550.60$0.578.8%150.38--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 12 found (avg $0.51, cheapest $0.28)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Jul 100.250.30$0.2817.9%5.4K0.474.4K
$9.00Jul 240.300.35$0.3215.6%2290.331.6K
$9.00Aug 70.450.50$0.4810.4%830.37780
$7.50Jul 100.500.55$0.539.4%4260.731.5K
$8.00Jul 240.550.65$0.6016.7%3410.541.5K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.50Jul 170.250.30$0.2817.9%6.3K0.334.0K
$7.00Aug 70.300.35$0.3215.6%670.26186
$8.00Jul 100.350.40$0.3813.2%8.2K0.531.6K
$7.50Aug 140.550.60$0.578.8%150.38--
$8.50Jul 100.750.85$0.8012.5%9670.7061.4K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 33 found (avg delta 0.70, highest 0.93)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$6.50Jul 101.401.45$1.423.5%4530.93340
$6.50Jul 171.201.75$1.4837.2%2540.92669
$7.00Jul 100.901.00$0.9510.5%4120.921.1K
$6.50Jul 241.101.70$1.4042.9%50.9177
$6.50Jul 311.251.70$1.4830.4%20.88--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.00Jul 101.101.30$1.2016.7%280.79250
$9.00Jul 171.201.45$1.3318.8%70.73186
$8.50Jul 100.750.85$0.8012.5%9670.7061.4K
$9.00Jul 241.151.70$1.4238.7%80.69--
$9.00Jul 311.151.70$1.4238.7%510.69101

Most actively traded options today. High liquidity = easy entry/exit. 69 active (total vol 43.9K, top 8.2K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.00Jul 100.100.15$0.1338.5%6.4K0.215.1K
$8.00Jul 100.250.30$0.2817.9%5.4K0.474.4K
$8.50Jul 100.150.20$0.1827.8%2.2K0.305.0K
$8.00Jul 170.400.50$0.4522.2%1.8K0.519.1K
$9.00Jul 170.200.25$0.2321.7%1.5K0.2811.7K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Jul 100.350.40$0.3813.2%8.2K0.531.6K
$7.50Jul 170.250.30$0.2817.9%6.3K0.334.0K
$7.50Jul 100.100.15$0.1338.5%3.0K0.2728.9K
$8.50Jul 100.750.85$0.8012.5%9670.7061.4K
$7.00Jul 170.100.15$0.1338.5%6830.186.1K

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 33.0%, max 58.7%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$6.50Jul 10Aug 7122.9%77.4%58.7%458340
$9.00Jul 10Aug 14141.2%99.1%42.5%6.4K5.1K
$8.50Jul 10Aug 14120.4%86.3%39.5%2.2K5.1K
$8.00Jul 10Aug 1498.7%77.6%27.1%5.4K4.5K
$7.50Jul 10Aug 1488.0%73.7%19.4%4461.5K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$6.50Jul 10Aug 14122.9%79.1%55.4%9727.6K
$9.00Jul 10Aug 7141.2%92.0%53.5%30250
$8.50Jul 10Aug 7120.4%88.8%35.6%97761.4K
$8.00Jul 10Aug 1498.7%77.6%27.1%8.2K1.6K
$7.50Jul 10Aug 1488.0%73.7%19.4%3.0K28.9K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 36 found (best R:R 4.00, avg 1.52)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$8.00$8.50Jul 10$0.10$0.40$0.104.00$8.10
$8.50$9.00Aug 7$0.12$0.38$0.123.17$8.62
$8.00$8.50Jul 17$0.15$0.35$0.152.33$8.15
$7.50$8.00Aug 7$0.19$0.31$0.191.63$7.69
$7.50$8.00Jul 24$0.20$0.30$0.201.50$7.70
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$7.50$7.00Jul 10$0.10$0.40$0.104.00$7.40
$7.00$6.50Jul 31$0.13$0.37$0.132.85$6.87
$7.00$6.50Aug 7$0.14$0.36$0.142.57$6.86
$7.50$7.00Jul 17$0.15$0.35$0.152.33$7.35
$7.00$6.50Aug 14$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. 42 found (best R:R 4.00, avg 1.17)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$7.00$7.50Jul 31$0.33$0.33$0.171.94$7.33
$6.50$7.00Jul 24$0.30$0.30$0.201.50$6.80
$7.00$7.50Jul 24$0.30$0.30$0.201.50$7.30
$6.50$7.00Jul 31$0.30$0.30$0.201.50$6.80
$6.50$7.00Aug 7$0.30$0.30$0.201.50$6.80
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$9.00$8.50Jul 10$0.40$0.40$0.104.00$8.60
$8.00$7.50Aug 7$0.38$0.38$0.123.17$7.62
$8.50$8.00Jul 31$0.37$0.37$0.132.85$8.13
$9.00$8.50Jul 31$0.37$0.37$0.132.85$8.63
$8.50$8.00Jul 17$0.35$0.35$0.152.33$8.15

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 9 found (avg debit $0.13, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$6.50Jul 10Jul 17$0.06122.9%89.0%
$9.00Jul 10Jul 17$0.10141.2%105.5%
$8.50Jul 10Jul 17$0.12120.4%94.2%
$8.00Jul 10Jul 17$0.1798.7%87.1%
$7.50Jul 10Jul 17$0.2088.0%86.9%
PUTS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$7.00Jul 10Jul 17$0.1084.4%86.8%
$8.00Jul 10Jul 17$0.1298.7%87.1%
$9.00Jul 10Jul 17$0.13141.2%105.5%
$7.50Jul 10Jul 17$0.1588.0%86.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 33 found (cheapest 8.35% of stock, avg 17.43%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$7.50Jul 10$0.53$0.13$0.66$6.84$8.168.35%
$8.00Jul 10$0.28$0.38$0.66$7.34$8.668.35%
$8.00Jul 17$0.45$0.50$0.95$7.05$8.9512.03%
$7.00Jul 10$0.95$0.03$0.98$6.02$7.9812.41%
$8.50Jul 10$0.18$0.80$0.98$7.52$9.4812.41%
$7.50Jul 17$0.73$0.28$1.01$6.49$8.5112.78%
$7.00Jul 17$0.95$0.13$1.08$5.92$8.0813.67%
$8.50Jul 17$0.30$0.85$1.15$7.35$9.6514.56%
$8.50Jul 24$0.33$0.83$1.16$7.34$9.6614.68%
$7.50Jul 24$0.80$0.40$1.20$6.30$8.7015.19%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 49 found (cheapest 2.03% of stock, avg 9.06%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$9.00$7.00Jul 10$0.13$0.03$0.16$6.84$9.16
$9.00$6.50Jul 10$0.13$0.03$0.16$6.34$9.16
$8.50$7.00Jul 10$0.18$0.03$0.21$6.79$8.71
$8.50$6.50Jul 10$0.18$0.03$0.21$6.29$8.71
$9.00$7.50Jul 10$0.13$0.13$0.26$7.24$9.26
$9.00$6.50Jul 17$0.23$0.05$0.28$6.22$9.28
$8.00$7.00Jul 10$0.28$0.03$0.31$6.69$8.31
$8.00$6.50Jul 10$0.28$0.03$0.31$6.19$8.31
$8.50$7.50Jul 10$0.18$0.13$0.31$7.19$8.81
$8.50$6.50Jul 17$0.30$0.05$0.35$6.15$8.85

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 9 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$8.37
6/78/8Aug 14$0.37$0.132.85$6.63$7.87
6/78/9Jul 31$0.35$0.152.33$6.65$8.85
6/78/8Jul 31$0.33$0.171.94$6.67$7.83
6/78/8Aug 7$0.33$0.171.94$6.67$7.83
7/88/8Jul 17$0.30$0.201.50$7.20$8.30
7/88/9Aug 7$0.30$0.201.50$7.20$8.80
6/78/9Aug 7$0.26$0.241.08$6.74$8.76
7/88/8Jul 10$0.20$0.300.67$7.30$8.20

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 29 found (best R:R 9.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$6.50$7.00$7.50Jul 10$0.05$0.459.00
$8.00$8.50$9.00Jul 10$0.05$0.459.00
$8.00$8.50$9.00Aug 14$0.07$0.436.14
$8.00$8.50$9.00Jul 17$0.08$0.425.25
$7.00$7.50$8.00Aug 14$0.08$0.425.25
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$6.50$7.00$7.50Jul 17$0.07$0.436.14
$7.00$7.50$8.00Jul 17$0.07$0.436.14
$6.50$7.00$7.50Jul 31$0.09$0.414.56
$6.50$7.00$7.50Jul 10$0.10$0.404.00
$7.00$7.50$8.00Aug 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. 32 found (best net $-0.06, 30 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$8.00$8.501:2Jul 24-$0.06$0.44
$8.00$8.501:2Jul 10-$0.08$0.42
$8.50$9.001:2Jul 10-$0.08$0.42
$7.00$7.501:2Jul 10-$0.11$0.39
$8.50$9.001:2Jul 31-$0.11$0.39
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$8.00$7.501:2Jul 17-$0.06$0.44
$7.00$6.501:2Aug 14-$0.10$0.40
$8.00$7.501:2Aug 7-$0.12$0.38
$7.50$7.001:2Aug 7-$0.14$0.36
$8.50$8.001:2Jul 17-$0.15$0.35

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 18 found (best yield 8.86%, avg 4.75%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$8.00Aug 7$0.700.541.3%8.86%10.13%70343
$8.00Jul 31$0.600.541.3%7.59%8.86%4751.6K
$8.00Jul 24$0.550.541.3%6.96%8.23%3411.5K
$8.00Aug 14$0.550.521.3%6.96%8.23%241
$9.00Aug 14$0.500.3913.9%6.33%20.25%27--
$8.50Jul 31$0.450.447.6%5.70%13.29%89620
$8.50Aug 7$0.450.457.6%5.70%13.29%136201
$9.00Aug 7$0.450.3713.9%5.70%19.62%83780
$8.00Jul 17$0.400.511.3%5.06%6.33%1.8K9.1K
$8.50Aug 14$0.400.447.6%5.06%12.66%4174

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 55,103
Total Puts 26,010
Put/Call Ratio 0.47
Net Difference 29,093

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 936,469
Total Puts 384,833
Average Put/Call Ratio 0.37
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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