Tour v308
WEN
WENDYS CO A
$7.59 +1.88%
$7.53 (-0.75%)🌙
as of 07/09 07:14 PM
(7/8 19:14) ◀
|
Thursday, July 9, 2026 (7:14pm)
January 2026
|
▶ (7/10 19:15)
◀ 7/9 19:14 ▶

Option Volume

Detail
ℹ
Current (07/09) 27,641
Calls: 19,775 (72%)
Puts: 7,866 (28%)
Prior (07/08) 51,535
Calls: 39,706 (77%)
Puts: 11,829 (23%)
Current vs Prior -46.36%
Calls: -50.20% (Calls)
Puts: -33.50% (Puts)
Prior 7-Day Total 746,273
Calls: 605,857 (81%)
Puts: 140,416 (19%)
Prior 7-Day Average 106,610
Calls: 86,551 (81%)
Puts: 20,059 (19%)
Current vs Prior 7-Day Avg -74.07%
Calls: -77.15%
Puts: -60.79%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/09) $1.15M
Calls: $902.0K (79%)
Puts: $246.2K (21%)
Prior (07/08) $2.47M
Calls: $1.92M (77%)
Puts: $558.4K (23%)
Current vs Prior -53.58%
Calls: -52.90%
Puts: -55.91%
Prior 7-Day Total $41.18M
Calls: $35.43M (86%)
Puts: $5.75M (14%)
Prior 7-Day Average $5.88M
Calls: $5.06M (86%)
Puts: $821.4K (14%)
Current vs Prior 7-Day Avg -80.48%
Calls: -82.18%
Puts: -70.03%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/09) 0.40
Prior (07/08) 0.30
Current vs Prior +33.52%
Prior 7-Day Average 0.27
Current vs Prior 7-Day Avg +49.65%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/09) 620,611
Calls: 365,970 (59%)
Puts: 254,641 (41%)
Prior (07/08) 690,847
Calls: 377,508 (55%)
Puts: 313,339 (45%)
Current vs Prior -10.17%
Prior 7-Day Total 5,030,192
Calls: 2,888,232 (57%)
Puts: 2,141,960 (43%)
Prior 7-Day Average 718,598
Calls: 412,604 (57%)
Puts: 305,994 (43%)
Current vs Prior 7-Day Avg -13.64%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/10) | Next (07/17)Expiry (07/17) | Next (08/21)
Current 3.69% | 8.30%8.30% | 21.74%
Prior 5.50% | 9.66%9.66% | 19.60%
Current vs Prior -32.97% | -14.11%-14.11% | +10.93%
Prior 7-Day Avg 8.31% | 13.34%10.96% | 20.47%
Current vs 7-Day Avg -55.59% | -37.80%-24.25% | +6.17%
Prior 7-Day Eod 5.50% | 9.66%-- | --
Current vs 7-Day Eod -32.97% | -14.11%-- | --
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
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 11.66% | 12.92%
Calls: 15.38% | 10.53%
Puts: 7.94% | 15.31%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 79% of dollar volume in calls ($902.0K) vs puts ($246.2K). Light premium activity with dollar volume down 54% vs prior. Below-average activity with volume down 46% vs prior. Extreme bullish P/C ratio of 0.40 - heavy call buying (19,775 calls vs 7,866 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

📈 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 8.4%, best 7.3%)

CALLS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.00Jul 170.650.70$0.687.4%8770.824.2K
$8.00Aug 210.600.65$0.637.9%6890.4741.8K
$7.00Jul 100.550.60$0.578.8%2310.91922
$8.00Aug 70.500.55$0.539.4%1240.46459
PUTS (0)
No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 9 found (avg $0.58, cheapest $0.38)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.50Jul 170.350.40$0.3813.2%1.2K0.583.5K
$8.00Jul 310.350.40$0.3813.2%3950.431.6K
$8.00Aug 70.500.55$0.539.4%1240.46459
$7.00Jul 100.550.60$0.578.8%2310.91922
$8.00Aug 210.600.65$0.637.9%6890.4741.8K
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.50Aug 70.500.60$0.5518.2%60.43134
$8.00Jul 170.550.65$0.6016.7%730.645.0K
$8.50Jul 100.851.00$0.9316.1%960.9160.9K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 33 found (avg delta 0.72, highest 0.94)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$6.50Jul 171.051.45$1.2532.0%270.94729
$6.50Jul 100.701.30$1.0060.0%60.93516
$7.00Jul 100.550.60$0.578.8%2310.91922
$6.50Jul 240.901.20$1.0528.6%10.87--
$6.50Jul 310.801.35$1.0850.9%60.8641
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.00Jul 101.251.75$1.5033.3%1030.93227
$8.50Jul 100.851.00$0.9316.1%960.9160.9K
$8.00Jul 100.400.50$0.4522.2%1990.868.1K
$8.50Jul 170.951.25$1.1027.3%80.78608
$9.00Jul 311.451.85$1.6524.2%10.78--

Most actively traded options today. High liquidity = easy entry/exit. 70 active (total vol 20.1K, top 3.9K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.50Jul 100.150.20$0.1827.8%2.3K0.602.5K
$8.00Jul 100.000.05$0.03166.7%1.6K0.147.0K
$9.00Jul 170.050.10$0.0862.5%1.3K0.1411.7K
$7.50Jul 170.350.40$0.3813.2%1.2K0.583.5K
$8.00Jul 170.200.25$0.2321.7%9090.3710.1K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.50Jul 170.200.30$0.2540.0%3.9K0.4211.3K
$7.00Jul 170.050.10$0.0862.5%1.2K0.186.7K
$7.50Jul 100.050.15$0.10100.0%9170.4030.2K
$8.00Aug 210.951.10$1.0214.7%2310.535.8K
$8.00Jul 100.400.50$0.4522.2%1990.868.1K

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 101.3%, max 235.4%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$6.50Jul 10Aug 14211.7%74.2%185.2%24517
$9.00Jul 10Aug 21223.7%89.6%149.6%86541.6K
$8.50Jul 10Aug 14165.7%80.3%106.3%2795.9K
$7.00Jul 10Aug 21128.4%67.5%90.3%3439.0K
$7.50Jul 10Aug 1488.7%70.2%26.4%2.3K2.5K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$6.50Jul 10Aug 7211.7%63.1%235.4%4627.9K
$9.00Jul 10Aug 21223.7%89.6%149.6%1083.7K
$8.50Jul 10Aug 7165.7%80.8%105.0%11760.9K
$7.00Jul 10Aug 21128.4%67.5%90.3%12867.6K
$7.50Jul 10Aug 1488.7%70.2%26.4%91830.3K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 29 found (best R:R 4.56, avg 1.96)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$8.00$9.00Aug 21$0.18$0.82$0.184.56$8.18
$8.00$8.50Jul 17$0.10$0.40$0.104.00$8.10
$8.00$8.50Jul 24$0.12$0.38$0.123.17$8.12
$8.50$9.00Jul 31$0.13$0.37$0.132.85$8.63
$7.50$8.00Aug 14$0.13$0.37$0.132.85$7.63
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$7.00$6.50Jul 31$0.15$0.35$0.152.33$6.85
$7.50$7.00Jul 17$0.17$0.33$0.171.94$7.33
$7.50$7.00Jul 24$0.17$0.33$0.171.94$7.33
$7.50$7.00Jul 31$0.18$0.32$0.181.78$7.32
$7.00$6.50Aug 7$0.20$0.30$0.201.50$6.80

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 39 found (best R:R 4.88, avg 1.28)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$7.00$7.50Jul 10$0.39$0.39$0.113.55$7.39
$6.50$7.00Jul 24$0.35$0.35$0.152.33$6.85
$7.00$7.50Jul 17$0.30$0.30$0.201.50$7.30
$6.50$7.00Aug 7$0.30$0.30$0.201.50$6.80
$7.00$7.50Aug 14$0.27$0.27$0.231.17$7.27
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$8.50$7.50Aug 7$0.83$0.83$0.174.88$7.67
$9.00$8.50Jul 31$0.40$0.40$0.104.00$8.60
$8.00$7.50Jul 24$0.38$0.38$0.123.17$7.62
$8.00$7.50Jul 31$0.37$0.37$0.132.85$7.63
$8.00$7.50Aug 14$0.37$0.37$0.132.85$7.63

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 11 found (avg debit $0.14, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$9.00Jul 10Jul 17$0.05223.7%98.7%
$8.50Jul 10Jul 17$0.10165.7%90.8%
$7.00Jul 10Jul 17$0.11128.4%66.0%
$7.50Jul 10Jul 17$0.2088.7%68.8%
$8.00Jul 10Jul 17$0.2097.7%84.2%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$7.00Jul 10Jul 17$0.05128.4%66.0%
$7.50Jul 10Jul 17$0.1588.7%68.8%
$8.00Jul 10Jul 17$0.1597.7%84.2%
$9.00Jul 10Jul 31$0.15223.7%82.3%
$8.50Jul 10Jul 17$0.17165.7%90.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 31 found (cheapest 3.69% of stock, avg 15.52%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$7.50Jul 10$0.18$0.10$0.28$7.22$7.783.69%
$8.00Jul 10$0.03$0.45$0.48$7.52$8.486.32%
$7.00Jul 10$0.57$0.03$0.60$6.40$7.607.91%
$7.50Jul 17$0.38$0.25$0.63$6.87$8.138.30%
$7.00Jul 17$0.68$0.08$0.76$6.24$7.7610.01%
$7.50Jul 24$0.45$0.35$0.80$6.70$8.3010.54%
$8.00Jul 17$0.23$0.60$0.83$7.17$8.8310.94%
$7.00Jul 24$0.70$0.18$0.88$6.12$7.8811.59%
$8.50Jul 10$0.03$0.93$0.96$7.54$9.4612.65%
$6.50Jul 10$1.00$0.03$1.03$5.47$7.5313.57%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 50 found (cheapest 0.79% of stock, avg 6.31%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$8.00$7.00Jul 10$0.03$0.03$0.06$6.94$8.06
$8.00$6.50Jul 10$0.03$0.03$0.06$6.44$8.06
$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
$9.00$7.00Jul 10$0.03$0.03$0.06$6.94$9.06
$9.00$6.50Jul 10$0.03$0.03$0.06$6.44$9.06
$9.00$6.50Jul 17$0.08$0.03$0.11$6.39$9.11
$8.00$7.50Jul 10$0.03$0.10$0.13$7.37$8.13
$8.50$7.50Jul 10$0.03$0.10$0.13$7.37$8.63
$9.00$7.50Jul 10$0.03$0.10$0.13$7.37$9.13

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 8 found (best R:R 2.85, avg credit $0.33)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
6/78/8Jul 31$0.37$0.132.85$6.63$7.87
6/78/8Aug 7$0.37$0.132.85$6.63$7.87
7/88/8Aug 7$0.37$0.132.85$7.13$8.37
6/78/8Aug 7$0.35$0.152.33$6.65$8.35
7/88/9Jul 31$0.31$0.191.63$7.19$8.81
7/88/8Jul 24$0.29$0.211.38$7.21$8.29
6/78/9Jul 31$0.28$0.221.27$6.72$8.78
7/88/8Jul 17$0.27$0.231.17$7.23$8.27

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 24 found (best R:R 6.14, cheapest $0.07)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$8.00$8.50$9.00Jul 24$0.07$0.436.14
$7.00$8.00$9.00Aug 21$0.19$0.814.26
$6.50$7.00$7.50Jul 24$0.10$0.404.00
$7.00$7.50$8.00Jul 24$0.10$0.404.00
$6.50$7.00$7.50Aug 7$0.10$0.404.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$6.50$7.00$7.50Jul 10$0.07$0.436.14
$6.50$7.00$7.50Jul 24$0.07$0.436.14
$7.00$8.00$9.00Aug 21$0.14$0.866.14
$7.50$8.00$8.50Jul 31$0.08$0.425.25
$8.00$8.50$9.00Jul 10$0.09$0.414.56

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 40 found (best net $-0.26, 32 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$7.00$8.001:2Aug 21-$0.26$0.74
$8.00$9.001:2Aug 21-$0.27$0.73
$8.00$8.501:2Jul 24-$0.06$0.44
$8.50$9.001:2Jul 31-$0.07$0.43
$7.00$7.501:2Jul 17-$0.08$0.42
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$9.00$8.001:2Aug 21-$0.29$0.71
$8.00$7.501:2Jul 31-$0.06$0.44
$7.50$7.001:2Jul 31-$0.07$0.43
$8.50$8.001:2Jul 17-$0.10$0.40
$7.50$7.001:2Aug 7-$0.11$0.39

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 16 found (best yield 7.91%, avg 3.58%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$8.00Aug 21$0.600.475.4%7.91%13.31%68941.8K
$8.00Aug 7$0.500.465.4%6.59%11.99%124459
$8.00Aug 14$0.450.475.4%5.93%11.33%10871
$8.00Jul 31$0.350.435.4%4.61%10.01%3951.6K
$8.50Aug 14$0.350.3712.0%4.61%16.60%3184
$9.00Aug 21$0.350.3418.6%4.61%23.19%77433.8K
$8.00Jul 24$0.250.405.4%3.29%8.70%3311.7K
$8.50Aug 7$0.250.3612.0%3.29%15.28%32266
$9.00Aug 14$0.250.2918.6%3.29%21.87%445
$8.00Jul 17$0.200.375.4%2.64%8.04%90910.1K

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 19,775
Total Puts 7,866
Put/Call Ratio 0.40
Net Difference 11,909

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 605,857
Total Puts 140,416
Average Put/Call Ratio 0.27
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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