Tour v303
WEN
WENDYS CO A
$7.45 -4.24%
$7.43 (-0.23%)🌙
as of 07/08 07:14 PM
7/8 19:14

Option Volume

Detail
Current (07/08) 51,535
Calls: 39,706 (77%)
Puts: 11,829 (23%)
Prior (07/07) 40,583
Calls: 30,951 (76%)
Puts: 9,632 (24%)
Current vs Prior +26.99%
Calls: +28.29% (Calls)
Puts: +22.81% (Puts)
Prior 7-Day Total 1,064,160
Calls: 740,022 (70%)
Puts: 324,138 (30%)
Prior 7-Day Average 152,022
Calls: 105,717 (70%)
Puts: 46,305 (30%)
Current vs Prior 7-Day Avg -66.10%
Calls: -62.44%
Puts: -74.45%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/08) $2.47M
Calls: $1.92M (77%)
Puts: $558.4K (23%)
Prior (07/07) $1.91M
Calls: $1.47M (77%)
Puts: $433.0K (23%)
Current vs Prior +29.70%
Calls: +29.92%
Puts: +28.95%
Prior 7-Day Total $60.07M
Calls: $42.10M (70%)
Puts: $17.97M (30%)
Prior 7-Day Average $8.58M
Calls: $6.01M (70%)
Puts: $2.57M (30%)
Current vs Prior 7-Day Avg -71.18%
Calls: -68.16%
Puts: -78.25%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/08) 0.30
Prior (07/07) 0.31
Current vs Prior -4.27%
Prior 7-Day Average 0.38
Current vs Prior 7-Day Avg -22.41%
Sentiment BULLISH

Open Interest

Detail
Current (07/08) 690,847
Calls: 377,508 (55%)
Puts: 313,339 (45%)
Prior (07/07) 645,454
Calls: 378,110 (59%)
Puts: 267,344 (41%)
Current vs Prior +7.03%
Prior 7-Day Total 5,060,234
Calls: 2,928,488 (58%)
Puts: 2,131,746 (42%)
Prior 7-Day Average 722,890
Calls: 418,355 (58%)
Puts: 304,535 (42%)
Current vs Prior 7-Day Avg -4.43%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/10) | Next (07/17)Expiry (07/17) | Next (08/21)
Current 5.50% | 9.66%9.66% | 19.60%
Prior 7.46% | 11.18%11.18% | 20.31%
Current vs Prior -26.18% | -13.58%-13.58% | -3.50%
Prior 7-Day Avg 9.55% | 14.80%11.60% | 20.91%
Current vs 7-Day Avg -42.40% | -34.71%-16.71% | -6.29%
Prior 7-Day Eod 7.46% | 11.18%-- | --
Current vs 7-Day Eod -26.18% | -13.58%-- | --
Sentiment BULLISHBULLISH

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 12.40% | 14.55%
Calls: 14.84% | 11.22%
Puts: 9.96% | 17.88%
Current vs 7-Day Avg -5.97% | -11.23%
Liquidity Expensive
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🤖 AI Insights

Strong bullish conviction with 77% of dollar volume in calls ($1.92M) vs puts ($558.4K). Extreme bullish P/C ratio of 0.30 - heavy call buying (39,706 calls vs 11,829 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 NEUTRAL
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 7.7%, best 5.1%)

CALLS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.00Aug 210.951.00$0.985.1%1540.658.0K
$6.00Aug 211.551.65$1.606.2%1180.853.8K
$8.00Aug 210.550.60$0.578.8%12.2K0.4536.2K
$8.00Aug 140.500.55$0.539.4%270.48--
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.50Jul 241.201.30$1.258.0%360.75190
$8.50Jul 171.101.20$1.158.7%260.79610

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 11 found (avg $0.65, cheapest $0.28)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Jul 240.250.30$0.2817.9%2260.381.6K
$7.50Jul 170.300.35$0.3215.6%8500.493.0K
$8.00Aug 140.500.55$0.539.4%270.48--
$8.00Aug 210.550.60$0.578.8%12.2K0.4536.2K
$7.00Jul 170.550.65$0.6016.7%1820.724.2K
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.50Aug 70.600.70$0.6515.4%100.47131
$8.00Jul 170.700.80$0.7513.3%2660.695.1K
$8.00Jul 240.750.90$0.8318.1%1020.64747

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 33 found (avg delta 0.71, highest 0.95)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$6.00Jul 171.301.70$1.5026.7%130.95228
$6.50Jul 170.851.05$0.9521.1%1220.94625
$6.00Jul 101.301.70$1.5026.7%90.93185
$6.50Jul 100.801.05$0.9326.9%60.92517
$6.00Aug 71.351.85$1.6031.2%10.8826
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.50Jul 101.001.15$1.0813.9%580.9260.9K
$8.50Jul 171.101.20$1.158.7%260.79610
$8.00Jul 100.500.65$0.5726.3%3390.798.1K
$8.50Jul 241.201.30$1.258.0%360.75190
$8.00Jul 170.700.80$0.7513.3%2660.695.1K

Most actively traded options today. High liquidity = easy entry/exit. 69 active (total vol 35.4K, top 12.2K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Aug 210.550.60$0.578.8%12.2K0.4536.2K
$8.00Jul 100.050.10$0.0862.5%3.5K0.217.2K
$7.50Jul 100.150.20$0.1827.8%2.3K0.471.8K
$7.00Jul 100.400.55$0.4831.3%1.2K0.881.3K
$8.00Jul 170.150.20$0.1827.8%1.1K0.3010.0K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.50Jul 170.350.45$0.4025.0%4.3K0.517.5K
$7.50Jul 100.200.25$0.2321.7%1.6K0.5330.3K
$7.00Jul 170.100.20$0.1566.7%8430.286.3K
$7.00Aug 210.400.55$0.4831.3%7950.356.0K
$7.00Jul 100.000.05$0.03166.7%4960.1261.2K

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 68.0%, max 184.6%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$6.00Jul 10Aug 21193.8%68.1%184.6%1273.9K
$6.50Jul 10Jul 31134.5%63.9%110.3%26557
$8.00Jul 10Aug 21118.5%76.2%55.4%15.7K43.4K
$7.50Jul 10Aug 1492.4%70.4%31.1%2.3K1.8K
$8.50Jul 10Aug 7127.1%102.8%23.7%9956.2K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$6.00Jul 10Aug 21193.8%68.1%184.6%23711.2K
$6.50Jul 10Aug 14134.5%68.8%95.5%627.6K
$8.00Jul 10Aug 21118.5%76.2%55.4%57213.9K
$7.50Jul 10Aug 1492.4%70.4%31.1%1.6K30.3K
$8.50Jul 10Aug 7127.1%102.8%23.7%6060.9K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 26 found (best R:R 4.00, avg 1.56)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$7.50$8.00Aug 7$0.13$0.37$0.132.85$7.63
$7.50$8.00Jul 17$0.14$0.36$0.142.57$7.64
$7.00$7.50Jul 24$0.20$0.30$0.201.50$7.20
$7.50$8.00Jul 31$0.20$0.30$0.201.50$7.70
$7.00$8.00Aug 21$0.41$0.59$0.411.44$7.41
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$6.50$6.00Aug 14$0.10$0.40$0.104.00$6.40
$7.00$6.50Jul 17$0.12$0.38$0.123.17$6.88
$7.00$6.50Jul 24$0.12$0.38$0.123.17$6.88
$7.00$6.00Aug 21$0.33$0.67$0.332.03$6.67
$7.50$7.00Jul 10$0.20$0.30$0.201.50$7.30

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 1.22)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$6.50$7.00Jul 31$0.36$0.36$0.142.57$6.86
$6.00$7.00Aug 7$0.72$0.72$0.282.57$6.72
$6.50$7.00Jul 17$0.35$0.35$0.152.33$6.85
$6.00$7.00Aug 21$0.62$0.62$0.381.63$6.62
$7.00$7.50Jul 10$0.30$0.30$0.201.50$7.30
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$8.50$8.00Jul 17$0.40$0.40$0.104.00$8.10
$8.00$7.50Jul 17$0.35$0.35$0.152.33$7.65
$8.00$7.50Jul 24$0.35$0.35$0.152.33$7.65
$8.00$7.50Jul 10$0.34$0.34$0.162.12$7.66
$8.00$7.00Aug 21$0.67$0.67$0.332.03$7.33

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 8 found (avg debit $0.12, cheapest $0.07)

CALLS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$8.00Jul 10Jul 17$0.10118.5%83.4%
$8.50Jul 10Jul 17$0.10127.1%98.2%
$7.00Jul 10Jul 17$0.1275.4%70.4%
$7.50Jul 10Jul 17$0.1492.4%78.2%
PUTS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$8.50Jul 10Jul 17$0.07127.1%98.2%
$7.00Jul 10Jul 17$0.1275.4%70.4%
$7.50Jul 10Jul 17$0.1792.4%78.2%
$8.00Jul 10Jul 17$0.18118.5%83.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 32 found (cheapest 5.50% of stock, avg 16.34%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$7.50Jul 10$0.18$0.23$0.41$7.09$7.915.50%
$7.00Jul 10$0.48$0.03$0.51$6.49$7.516.85%
$8.00Jul 10$0.08$0.57$0.65$7.35$8.658.72%
$7.50Jul 17$0.32$0.40$0.72$6.78$8.229.66%
$7.00Jul 17$0.60$0.15$0.75$6.25$7.7510.07%
$7.00Jul 24$0.70$0.20$0.90$6.10$7.9012.08%
$8.00Jul 17$0.18$0.75$0.93$7.07$8.9312.48%
$6.50Jul 10$0.93$0.03$0.96$5.54$7.4612.89%
$6.50Jul 17$0.95$0.03$0.98$5.52$7.4813.15%
$7.50Jul 24$0.50$0.48$0.98$6.52$8.4813.15%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 45 found (cheapest 0.81% of stock, avg 6.63%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$8.50$7.00Jul 10$0.03$0.03$0.06$6.94$8.56
$8.50$6.50Jul 10$0.03$0.03$0.06$6.44$8.56
$8.50$6.00Jul 10$0.03$0.03$0.06$5.94$8.56
$8.00$7.00Jul 10$0.08$0.03$0.11$6.89$8.11
$8.00$6.50Jul 10$0.08$0.03$0.11$6.39$8.11
$8.00$6.00Jul 10$0.08$0.03$0.11$5.89$8.11
$8.50$6.50Jul 17$0.13$0.03$0.16$6.34$8.66
$8.50$6.00Jul 17$0.13$0.03$0.16$5.84$8.66
$7.50$7.00Jul 10$0.18$0.03$0.21$6.79$7.71
$7.50$6.50Jul 10$0.18$0.03$0.21$6.29$7.71

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 5 found (best R:R 2.85, avg credit $0.33)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
6/68/8Aug 14$0.37$0.132.85$6.13$7.87
6/78/8Aug 7$0.35$0.152.33$6.65$7.85
6/78/8Jul 24$0.34$0.162.12$6.66$7.84
6/67/8Aug 14$0.32$0.181.78$6.18$7.32
6/78/8Jul 17$0.26$0.241.08$6.74$7.76

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 28 found (best R:R 6.14, cheapest $0.07)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$6.50$7.00$7.50Jul 17$0.07$0.436.14
$7.50$8.00$8.50Jul 17$0.09$0.414.56
$6.00$7.00$8.00Aug 21$0.21$0.793.76
$6.00$6.50$7.00Jul 10$0.12$0.383.17
$7.00$7.50$8.00Aug 7$0.12$0.383.17
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$7.00$7.50$8.00Jul 24$0.07$0.436.14
$7.50$8.00$8.50Jul 24$0.07$0.436.14
$6.00$6.50$7.00Jul 24$0.09$0.414.56
$7.00$7.50$8.00Jul 17$0.10$0.404.00
$6.00$6.50$7.00Jul 17$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. 39 found (best net $-0.16, 29 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$6.00$7.001:2Aug 7-$0.16$0.84
$7.00$8.001:2Aug 21-$0.16$0.84
$6.00$7.001:2Aug 21-$0.36$0.64
$7.50$8.001:2Jul 24-$0.06$0.44
$8.00$8.501:2Jul 17-$0.08$0.42
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$8.00$7.501:2Jul 17-$0.05$0.45
$8.50$8.001:2Jul 10-$0.06$0.44
$7.50$7.001:2Jul 31-$0.10$0.40
$8.00$7.501:2Jul 24-$0.13$0.37
$7.50$7.001:2Aug 7-$0.15$0.35

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 15 found (best yield 7.38%, avg 4.16%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$8.00Aug 21$0.550.457.4%7.38%14.77%12.2K36.2K
$8.00Aug 14$0.500.487.4%6.71%14.09%27--
$7.50Jul 31$0.450.520.7%6.04%6.71%127602
$7.50Aug 7$0.450.530.7%6.04%6.71%51--
$8.00Aug 7$0.450.437.4%6.04%13.42%51442
$7.50Jul 24$0.350.540.7%4.70%5.37%520372
$7.50Jul 17$0.300.490.7%4.03%4.70%8503.0K
$8.00Jul 31$0.300.397.4%4.03%11.41%1061.6K
$8.50Aug 7$0.300.3814.1%4.03%18.12%16255
$8.00Jul 24$0.250.387.4%3.36%10.74%2261.6K

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 39,706
Total Puts 11,829
Put/Call Ratio 0.30
Net Difference 27,877

Prior's Put/Call Breakdown

Total Calls 30,951
Total Puts 9,632
Put/Call Ratio 0.31
Net Difference 21,319

Prior 7-Day Put/Call Summary

Total Calls 740,022
Total Puts 324,138
Average Put/Call Ratio 0.38
Ratio Trend Falling

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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