Tour v325
WEN
WENDYS CO A
$7.50 -0.66%
$7.49 (-0.18%)🌙
as of 07/13 07:12 PM
7/13 19:12

Option Volume

Detail
Current (07/13) 165,621
Calls: 20,571 (12%)
Puts: 145,050 (88%)
Prior (07/10) 28,092
Calls: 22,049 (78%)
Puts: 6,043 (22%)
Current vs Prior +489.57%
Calls: -6.70% (Calls)
Puts: +2300.30% (Puts)
Prior 7-Day Total 541,556
Calls: 428,835 (79%)
Puts: 112,721 (21%)
Prior 7-Day Average 77,365
Calls: 61,262 (79%)
Puts: 16,103 (21%)
Current vs Prior 7-Day Avg +114.08%
Calls: -66.42%
Puts: +800.76%
Sentiment BEARISH

Dollar Volume

Detail
Current (07/13) $5.13M
Calls: $791.2K (15%)
Puts: $4.34M (85%)
Prior (07/10) $1.21M
Calls: $992.6K (82%)
Puts: $212.8K (18%)
Current vs Prior +325.91%
Calls: -20.29%
Puts: +1940.34%
Prior 7-Day Total $28.29M
Calls: $23.54M (83%)
Puts: $4.75M (17%)
Prior 7-Day Average $4.04M
Calls: $3.36M (83%)
Puts: $678.4K (17%)
Current vs Prior 7-Day Avg +27.06%
Calls: -76.47%
Puts: +540.15%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (07/13) 7.05
Prior (07/10) 0.27
Current vs Prior +2472.76%
Prior 7-Day Average 0.31
Current vs Prior 7-Day Avg +2192.97%
Sentiment BEARISH

Open Interest

Detail
Current (07/13) 469,780
Calls: 339,107 (72%)
Puts: 130,673 (28%)
Prior (07/10) 582,798
Calls: 347,817 (60%)
Puts: 234,981 (40%)
Current vs Prior -19.39%
Prior 7-Day Total 4,785,773
Calls: 2,804,052 (59%)
Puts: 1,981,721 (41%)
Prior 7-Day Average 683,681
Calls: 400,578 (59%)
Puts: 283,103 (41%)
Current vs Prior 7-Day Avg -31.29%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/17) | Next (07/24)Expiry (07/17) | Next (08/21)
Current 5.33% | 8.40%5.33% | 18.00%
Prior 7.02% | 9.54%7.02% | 18.81%
Current vs Prior -24.03% | -11.92%-24.03% | -4.30%
Prior 7-Day Avg 7.13% | 11.56%9.64% | 20.39%
Current vs 7-Day Avg -25.16% | -27.33%-44.67% | -11.74%
Prior 7-Day Eod 7.02% | 9.54%7.02% | 18.81%
Current vs 7-Day Eod -24.03% | -11.92%-24.03% | -4.30%
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 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 bearish conviction with 85% of dollar volume in puts ($4.34M) vs calls ($791.2K). Massive premium surge with dollar volume up 326% vs prior. Unusually high activity with volume up 490% vs prior - elevated interest. Volume explosion - 114% above 7-day average (165,621 vs avg 77,365).

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 BEARISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
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 1 of results (avg 9.2%, best 9.2%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$6.00Aug 211.551.70$1.639.2%40.873.6K
PUTS (0)
No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 4 found (avg $0.55, cheapest $0.28)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Jul 310.250.30$0.2817.9%2810.371.6K
$9.00Aug 210.300.35$0.3215.6%5600.2934.5K
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Jul 240.600.70$0.6515.4%53.5K0.70756
$8.00Aug 210.901.00$0.9510.5%1440.575.8K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 29 found (avg delta 0.74, highest 0.95)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$6.00Jul 241.002.00$1.5066.7%20.9532
$6.50Jul 240.701.35$1.0263.7%20.93--
$6.00Aug 71.201.95$1.5847.5%10.9227
$6.50Jul 170.951.30$1.1331.0%300.92734
$7.00Jul 170.450.60$0.5328.3%1590.883.3K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.00Jul 171.451.65$1.5512.9%70.93198
$8.50Jul 170.951.15$1.0519.0%120.92643
$8.50Jul 241.001.15$1.0813.9%30.84172
$9.00Jul 311.301.65$1.4823.6%100.82--
$8.00Jul 170.350.65$0.5060.0%1760.785.2K

Most actively traded options today. High liquidity = easy entry/exit. 68 active (total vol 123.5K, top 54.0K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.50Jul 170.000.05$0.03166.7%4.9K0.096.1K
$8.00Jul 170.050.10$0.0862.5%2.9K0.2210.7K
$7.50Jul 170.150.25$0.2050.0%9620.514.5K
$9.00Jul 170.000.05$0.03166.7%6920.0711.1K
$8.00Jul 240.100.20$0.1566.7%6780.302.0K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.00Jul 240.000.15$0.08187.5%54.0K0.20589
$8.00Jul 240.600.70$0.6515.4%53.5K0.70756
$7.50Jul 170.150.25$0.2050.0%8440.4915.2K
$7.00Jul 170.000.05$0.03166.7%2260.126.8K
$8.00Jul 170.350.65$0.5060.0%1760.785.2K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 10 strikes (avg 37.5%, max 101.0%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$6.50Jul 17Aug 797.4%62.1%56.7%31752
$9.00Jul 17Aug 21113.9%81.5%39.7%1.3K45.6K
$6.00Jul 24Aug 2183.9%69.1%21.4%63.6K
$8.00Jul 17Aug 2178.2%68.2%14.7%3.6K52.7K
$8.50Jul 17Aug 1485.6%75.1%13.9%4.9K6.3K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$6.00Jul 17Aug 21138.8%69.1%101.0%10966.3K
$6.50Jul 17Aug 1497.4%63.7%52.9%872.1K
$9.00Jul 17Aug 21113.9%81.5%39.7%17198
$8.50Jul 17Jul 3185.6%71.3%20.0%14851
$8.00Jul 17Aug 2178.2%68.2%14.7%32011.0K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 25 found (best R:R 5.25, avg 1.68)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$8.00$9.00Aug 21$0.16$0.84$0.165.25$8.16
$7.50$8.00Jul 17$0.12$0.38$0.123.17$7.62
$7.50$8.00Jul 31$0.12$0.38$0.123.17$7.62
$8.00$8.50Jul 31$0.13$0.37$0.132.85$8.13
$8.00$8.50Aug 7$0.13$0.37$0.132.85$8.13
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$7.00$6.00Aug 21$0.27$0.73$0.272.70$6.73
$7.50$7.00Jul 17$0.17$0.33$0.171.94$7.33
$7.00$6.50Aug 14$0.18$0.32$0.181.78$6.82
$7.00$6.50Aug 7$0.20$0.30$0.201.50$6.80
$7.50$7.00Jul 24$0.22$0.28$0.221.27$7.28

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 34 found (best R:R 7.33, avg 1.50)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$7.00$7.50Jul 31$0.38$0.38$0.123.17$7.38
$7.00$7.50Jul 24$0.35$0.35$0.152.33$7.35
$6.50$7.00Jul 24$0.34$0.34$0.162.12$6.84
$6.00$7.00Aug 21$0.68$0.68$0.322.12$6.68
$7.00$7.50Jul 17$0.33$0.33$0.171.94$7.33
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$9.00$8.00Aug 21$0.88$0.88$0.127.33$8.12
$9.00$8.00Aug 7$0.77$0.77$0.233.35$8.23
$8.50$7.50Jul 31$0.75$0.75$0.253.00$7.75
$8.00$7.50Aug 14$0.36$0.36$0.142.57$7.64
$8.00$7.50Jul 24$0.35$0.35$0.152.33$7.65

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 9 found (avg debit $0.09, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$8.50Jul 17Jul 24$0.0585.6%69.2%
$9.00Jul 17Jul 24$0.05113.9%89.0%
$8.00Jul 17Jul 24$0.0778.2%63.2%
$6.00Jul 24Aug 7$0.0883.9%63.8%
$7.50Jul 17Jul 24$0.1364.1%59.5%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$7.00Jul 17Jul 24$0.0556.5%50.8%
$7.50Jul 17Jul 24$0.1064.1%59.5%
$8.00Jul 17Jul 24$0.1578.2%63.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 29 found (cheapest 5.33% of stock, avg 15.96%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$7.50Jul 17$0.20$0.20$0.40$7.10$7.905.33%
$7.00Jul 17$0.53$0.03$0.56$6.44$7.567.47%
$8.00Jul 17$0.08$0.50$0.58$7.42$8.587.73%
$7.50Jul 24$0.33$0.30$0.63$6.87$8.138.40%
$7.00Jul 24$0.68$0.08$0.76$6.24$7.7610.13%
$8.00Jul 24$0.15$0.65$0.80$7.20$8.8010.67%
$7.50Jul 31$0.40$0.40$0.80$6.70$8.3010.67%
$7.00Jul 31$0.78$0.18$0.96$6.04$7.9612.80%
$6.50Jul 24$1.02$0.03$1.05$5.45$7.5514.00%
$8.50Jul 17$0.03$1.05$1.08$7.42$9.5814.40%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 64 found (cheapest 0.80% of stock, avg 5.32%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$8.50$7.00Jul 17$0.03$0.03$0.06$6.94$8.56
$8.50$6.50Jul 17$0.03$0.03$0.06$6.44$8.56
$8.50$6.00Jul 17$0.03$0.03$0.06$5.94$8.56
$9.00$7.00Jul 17$0.03$0.03$0.06$6.94$9.06
$9.00$6.50Jul 17$0.03$0.03$0.06$6.44$9.06
$9.00$6.00Jul 17$0.03$0.03$0.06$5.94$9.06
$8.00$7.00Jul 17$0.08$0.03$0.11$6.89$8.11
$8.00$6.50Jul 17$0.08$0.03$0.11$6.39$8.11
$8.00$6.00Jul 17$0.08$0.03$0.11$5.89$8.11
$8.50$6.50Jul 24$0.08$0.03$0.11$6.39$8.61

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 5 found (best R:R 2.33, avg credit $0.36)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
7/88/8Jul 31$0.35$0.152.33$7.15$8.35
6/78/8Aug 7$0.35$0.152.33$6.65$7.85
7/88/8Aug 7$0.35$0.152.33$7.15$8.35
6/78/8Aug 7$0.33$0.171.94$6.67$8.33
6/78/9Aug 21$0.43$0.570.75$6.57$8.43

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 33 found (best R:R 9.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$8.00$8.50$9.00Jul 17$0.05$0.459.00
$6.50$7.00$7.50Aug 7$0.06$0.447.33
$7.50$8.00$8.50Jul 17$0.07$0.436.14
$8.00$8.50$9.00Jul 24$0.07$0.436.14
$8.00$8.50$9.00Aug 14$0.08$0.425.25
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$6.00$6.50$7.00Jul 24$0.05$0.459.00
$6.50$7.00$7.50Aug 14$0.06$0.447.33
$7.50$8.00$8.50Jul 24$0.08$0.425.25
$7.00$7.50$8.00Aug 7$0.11$0.393.55
$6.00$6.50$7.00Aug 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. 33 found (best net $-0.07, 22 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$8.00$9.001:2Aug 21-$0.16$0.84
$6.00$7.001:2Aug 21-$0.27$0.73
$8.50$9.001:2Jul 24-$0.08$0.42
$7.50$8.001:2Aug 14-$0.10$0.40
$8.50$9.001:2Jul 31-$0.11$0.39
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$9.00$8.001:2Aug 21-$0.07$0.93
$9.00$8.001:2Aug 7-$0.11$0.89
$7.50$7.001:2Aug 14-$0.09$0.41
$7.50$7.001:2Aug 7-$0.11$0.39
$8.00$7.501:2Aug 14-$0.21$0.29

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 17 found (best yield 7.33%, avg 3.37%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$7.50Aug 14$0.550.570.0%7.33%7.33%1489
$7.50Aug 7$0.450.520.0%6.00%6.00%13822
$8.00Aug 21$0.400.446.7%5.33%12.00%64942.0K
$7.50Jul 31$0.350.520.0%4.67%4.67%12722
$8.00Aug 7$0.300.406.7%4.00%10.67%65592
$8.00Aug 14$0.300.436.7%4.00%10.67%54237
$9.00Aug 21$0.300.2920.0%4.00%24.00%56034.5K
$7.50Jul 24$0.250.530.0%3.33%3.33%31809
$8.00Jul 31$0.250.376.7%3.33%10.00%2811.6K
$8.50Aug 7$0.200.2913.3%2.67%16.00%117283

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 20,571
Total Puts 145,050
Put/Call Ratio 7.05
Net Difference -124,479

Prior's Put/Call Breakdown

Total Calls 22,049
Total Puts 6,043
Put/Call Ratio 0.27
Net Difference 16,006

Prior 7-Day Put/Call Summary

Total Calls 428,835
Total Puts 112,721
Average Put/Call Ratio 0.31
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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