Tour v509
WEN
WENDYS CO A
$8.44 -2.09%
$8.42 (-0.24%)🌙
as of 08/18 07:15 PM
(8/17 19:15) ◀
|
Tuesday, August 18, 2026 (7:15pm)
January 2026
|
▶ (8/19 19:14)
◀ 8/18 19:15 ▶

Option Volume

Detail
ℹ
Current (08/18) 15,982
Calls: 12,532 (78%)
Puts: 3,450 (22%)
Prior (08/17) 21,467
Calls: 18,506 (86%)
Puts: 2,961 (14%)
Current vs Prior -25.55%
Calls: -32.28% (Calls)
Puts: +16.51% (Puts)
Prior 7-Day Total 321,512
Calls: 223,728 (70%)
Puts: 97,784 (30%)
Prior 7-Day Average 45,930
Calls: 31,961 (70%)
Puts: 13,969 (30%)
Current vs Prior 7-Day Avg -65.20%
Calls: -60.79%
Puts: -75.30%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/18) $1.11M
Calls: $972.5K (88%)
Puts: $133.4K (12%)
Prior (08/17) $1.20M
Calls: $1.13M (94%)
Puts: $67.3K (6%)
Current vs Prior -7.70%
Calls: -14.01%
Puts: +98.21%
Prior 7-Day Total $17.44M
Calls: $13.33M (76%)
Puts: $4.12M (24%)
Prior 7-Day Average $2.49M
Calls: $1.90M (76%)
Puts: $587.9K (24%)
Current vs Prior 7-Day Avg -55.62%
Calls: -48.92%
Puts: -77.32%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/18) 0.28
Prior (08/17) 0.16
Current vs Prior +72.06%
Prior 7-Day Average 0.37
Current vs Prior 7-Day Avg -25.20%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/18) 382,008
Calls: 310,717 (81%)
Puts: 71,291 (19%)
Prior (08/17) 422,154
Calls: 331,354 (78%)
Puts: 90,800 (22%)
Current vs Prior -9.51%
Prior 7-Day Total 3,320,529
Calls: 2,254,462 (68%)
Puts: 1,066,067 (32%)
Prior 7-Day Average 474,361
Calls: 322,066 (68%)
Puts: 152,295 (32%)
Current vs Prior 7-Day Avg -19.47%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/21) | Next (08/28)Expiry (08/21) | Next (09/18)
Current 4.50% | 7.46%4.50% | 11.26%
Prior 5.57% | 8.47%5.57% | 13.69%
Current vs Prior -19.14% | -11.86%-19.14% | -17.77%
Prior 7-Day Avg 5.68% | 8.46%7.70% | 14.99%
Current vs 7-Day Avg -20.80% | -11.76%-41.51% | -24.93%
Prior 7-Day Eod 5.57% | 8.47%5.57% | 13.69%
Current vs 7-Day Eod -19.14% | -11.86%-19.14% | -17.77%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 66.42% | 44.23%
Calls: 21.74% | 34.88%
Puts: 111.11% | 53.57%
Prior 66.42% | 44.23%
Calls: 21.74% | 34.88%
Puts: 111.11% | 53.57%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 44.57% | 31.36%
Calls: 25.64% | 23.87%
Puts: 63.49% | 38.83%
Current vs 7-Day Avg +49.03% | +41.06%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 88% of dollar volume in calls ($972.5K) vs puts ($133.4K). Extreme bullish P/C ratio of 0.28 - heavy call buying (12,532 calls vs 3,450 puts). P/C ratio rising 72% - increased hedging/bearish positioning. Call-heavy open interest (310,717 calls vs 71,291 puts) suggests bullish 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 -- of results (avg --%, best --%)

No options available for this category

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 1 found (avg $0.88, cheapest $0.88)

CALLS (0)
No calls meet the criteria
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.00Sep 180.800.95$0.8817.0%40.64792

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 27 found (avg delta 0.75, highest 0.95)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.00Aug 211.151.55$1.3529.6%1240.958.1K
$7.00Sep 181.151.70$1.4238.7%100.94--
$7.50Aug 210.851.05$0.9521.1%840.936.6K
$7.50Aug 280.901.10$1.0020.0%450.93485
$7.00Sep 41.251.85$1.5538.7%20.92--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$10.00Aug 211.351.70$1.5322.9%350.9584
$10.00Aug 281.351.70$1.5322.9%70.94--
$9.00Aug 210.450.65$0.5536.4%50.93--
$9.00Aug 280.550.75$0.6530.8%280.74272
$9.50Sep 251.051.60$1.3341.4%80.702

Most actively traded options today. High liquidity = easy entry/exit. 65 active (total vol 11.2K, top 3.9K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.00Aug 210.000.05$0.03166.7%3.9K0.1239.7K
$8.50Sep 40.300.45$0.3839.5%1.0K0.49464
$9.00Sep 180.250.35$0.3033.3%9690.3521.4K
$8.50Aug 210.100.25$0.1883.3%7920.494.1K
$8.00Aug 210.400.55$0.4831.3%3210.8336.0K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Aug 280.050.20$0.13115.4%5190.26490
$8.00Sep 40.150.30$0.2268.2%5090.32461
$8.50Aug 210.150.25$0.2050.0%5000.522.1K
$8.00Aug 210.000.10$0.05200.0%3260.1727.0K
$8.50Aug 280.250.40$0.3345.5%2950.50605

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 4 strikes (avg 32.4%, max 49.1%)

CALLS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$8.00Aug 21Oct 269.9%47.8%46.3%33836.1K
$8.50Aug 21Sep 1162.3%53.2%17.1%8114.9K
PUTS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$8.00Aug 21Sep 1869.9%46.9%49.1%39828.5K
$8.50Aug 21Oct 262.3%53.2%16.9%5042.1K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 25 found (best R:R 1.44, avg 1.95)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$7.50$9.50Sep 25$0.82$1.18$0.8278%1.44$8.32
$7.50$8.00Sep 11$0.24$0.26$0.2480%1.08$7.74
$8.00$9.00Sep 18$0.35$0.65$0.3566%1.86$8.35
$8.50$9.00Sep 11$0.15$0.35$0.1550%2.33$8.65
$8.00$8.50Aug 21$0.30$0.20$0.3083%0.67$8.30
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$9.00$8.50Aug 28$0.32$0.18$0.3274%0.56$8.68
$8.50$8.00Aug 21$0.15$0.35$0.1552%2.33$8.35
$8.50$8.00Aug 28$0.20$0.30$0.2050%1.50$8.30
$8.50$8.00Sep 4$0.23$0.27$0.2351%1.17$8.27
$8.50$7.50Sep 11$0.33$0.67$0.3350%2.03$8.17

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 10 found (best R:R 0.28, avg 0.36)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$8.50$9.00Aug 21$0.15$0.15$0.3551%0.43$8.65
$9.50$10.00Sep 25$0.13$0.13$0.3771%0.35$9.63
$9.00$9.50Sep 11$0.13$0.13$0.3764%0.35$9.13
$8.50$9.00Aug 28$0.17$0.17$0.3350%0.52$8.67
$9.00$9.50Sep 4$0.10$0.10$0.4068%0.25$9.10
BULL PUT (2)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$8.00$7.00Sep 18$0.22$0.22$0.7865%0.28$7.78
$8.00$7.50Aug 28$0.10$0.10$0.4074%0.25$7.90

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.12, cheapest $0.12)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$8.50Aug 21Aug 28$0.1262.3%56.8%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$8.50Aug 21Aug 28$0.1362.3%56.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 11 found (cheapest 4.50% of stock, avg 8.98%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$8.50Aug 21$0.18$0.20$0.38$8.12$8.884.50%
$8.00Aug 21$0.48$0.05$0.53$7.47$8.536.28%
$9.00Aug 21$0.03$0.55$0.58$8.42$9.586.87%
$8.50Aug 28$0.30$0.33$0.63$7.87$9.137.46%
$8.00Aug 28$0.57$0.13$0.70$7.30$8.708.29%
$9.00Aug 28$0.13$0.65$0.78$8.22$9.789.24%
$8.50Sep 4$0.38$0.45$0.83$7.67$9.339.83%
$8.00Sep 4$0.65$0.22$0.87$7.13$8.8710.31%
$8.50Sep 11$0.43$0.48$0.91$7.59$9.4110.78%
$8.00Sep 18$0.65$0.30$0.95$7.05$8.9511.26%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 50 found (cheapest 0.71% of stock, avg 3.12%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$9.50$7.50Aug 21$0.03$0.03$0.06$7.44$9.56
$10.00$7.50Aug 21$0.03$0.03$0.06$7.44$10.06
$10.00$7.50Aug 28$0.03$0.03$0.06$7.44$10.06
$10.00$7.00Aug 21$0.03$0.03$0.06$6.94$10.06
$9.50$7.00Aug 21$0.03$0.03$0.06$6.94$9.56
$9.00$7.50Aug 21$0.03$0.03$0.06$7.44$9.06
$9.00$7.00Aug 21$0.03$0.03$0.06$6.94$9.06
$10.00$7.00Aug 28$0.03$0.05$0.08$6.92$10.08
$9.00$8.00Aug 21$0.03$0.05$0.08$7.92$9.08
$9.50$7.50Aug 28$0.05$0.03$0.08$7.42$9.58

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

No iron condor setups found

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 24 found (best R:R 4.56, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$8.00$9.00$10.00Sep 18$0.18$0.8249%4.56
$8.00$8.50$9.00Aug 21$0.15$0.3571%2.33
$8.00$8.50$9.00Aug 28$0.10$0.4048%4.00
$8.50$9.00$9.50Aug 28$0.09$0.4138%4.56
$8.00$8.50$9.00Sep 4$0.09$0.4137%4.56
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$8.00$8.50$9.00Aug 21$0.20$0.3076%1.50
$8.00$8.50$9.00Aug 28$0.12$0.3848%3.17
$7.50$8.00$8.50Aug 28$0.10$0.4043%4.00
$7.50$8.00$8.50Aug 21$0.13$0.3745%2.85
$7.00$8.00$9.00Sep 18$0.36$0.6453%1.78

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 27 found (best net $-0.14, 11 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$7.50$8.001:2Aug 28-$0.14$0.36
$8.00$8.501:2Sep 11-$0.08$0.42
$8.00$8.501:2Sep 4-$0.11$0.39
$7.50$8.001:2Sep 4-$0.25$0.25
$8.50$9.001:2Sep 11-$0.13$0.37
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$7.50$7.001:2Sep 25-$0.06$0.44
$7.50$7.001:2Oct 2-$0.06$0.44
$9.00$8.501:2Sep 25-$0.27$0.23
$7.50$7.001:2Aug 28-$0.07$0.43
$10.00$9.001:2Aug 28$0.23$0.77

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 9 found (best yield 1.78%, avg 2.37%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$9.50Sep 25$0.150.2912.6%1.78%14.34%350
$9.00Sep 18$0.250.356.6%2.96%9.60%96921.4K
$9.00Sep 11$0.200.356.6%2.37%9.00%26659
$8.50Sep 11$0.350.500.7%4.15%4.86%19872
$10.00Sep 18$0.100.1718.5%1.18%19.67%1077.6K
$8.50Sep 4$0.300.490.7%3.55%4.27%1.0K464
$9.00Sep 4$0.150.326.6%1.78%8.41%43--
$8.50Aug 28$0.200.500.7%2.37%3.08%78824
$8.50Aug 21$0.100.490.7%1.18%1.90%7924.1K

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 12,532
Total Puts 3,450
Put/Call Ratio 0.28
Net Difference 9,082

Prior's Put/Call Breakdown

Total Calls 18,506
Total Puts 2,961
Put/Call Ratio 0.16
Net Difference 15,545

Prior 7-Day Put/Call Summary

Total Calls 223,728
Total Puts 97,784
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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