Tour v526
WEN
WENDYS CO A
$8.81 -1.34%
$8.77 (-0.45%)🌙
as of 08/20 07:17 PM
(8/19 19:14) ◀
|
Thursday, August 20, 2026 (7:17pm)
January 2026
|
▶ (8/21 19:19)
◀ 8/20 19:17 ▶

Option Volume

Detail
ℹ
Current (08/20) 14,630
Calls: 12,706 (87%)
Puts: 1,924 (13%)
Prior (08/19) 46,364
Calls: 42,996 (93%)
Puts: 3,368 (7%)
Current vs Prior -68.45%
Calls: -70.45% (Calls)
Puts: -42.87% (Puts)
Prior 7-Day Total 314,293
Calls: 233,645 (74%)
Puts: 80,648 (26%)
Prior 7-Day Average 44,899
Calls: 33,377 (74%)
Puts: 11,521 (26%)
Current vs Prior 7-Day Avg -67.42%
Calls: -61.93%
Puts: -83.30%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/20) $735.9K
Calls: $649.1K (88%)
Puts: $86.7K (12%)
Prior (08/19) $2.67M
Calls: $2.56M (96%)
Puts: $113.0K (4%)
Current vs Prior -72.45%
Calls: -74.62%
Puts: -23.26%
Prior 7-Day Total $17.98M
Calls: $14.63M (81%)
Puts: $3.36M (19%)
Prior 7-Day Average $2.57M
Calls: $2.09M (81%)
Puts: $479.6K (19%)
Current vs Prior 7-Day Avg -71.36%
Calls: -68.94%
Puts: -81.91%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/20) 0.15
Prior (08/19) 0.08
Current vs Prior +93.31%
Prior 7-Day Average 0.27
Current vs Prior 7-Day Avg -43.31%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/20) 379,562
Calls: 290,438 (77%)
Puts: 89,124 (23%)
Prior (08/19) 433,682
Calls: 352,527 (81%)
Puts: 81,155 (19%)
Current vs Prior -12.48%
Prior 7-Day Total 3,119,570
Calls: 2,268,237 (73%)
Puts: 851,333 (27%)
Prior 7-Day Average 445,652
Calls: 324,033 (73%)
Puts: 121,619 (27%)
Current vs Prior 7-Day Avg -14.83%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/21) | Next (08/28)Expiry (08/21) | Next (09/18)
Current 4.09% | 7.38%4.09% | 10.78%
Prior 3.92% | 7.05%3.92% | 11.42%
Current vs Prior +4.26% | +4.58%+4.26% | -5.59%
Prior 7-Day Avg 5.02% | 8.00%6.37% | 13.82%
Current vs 7-Day Avg -18.64% | -7.83%-35.87% | -21.97%
Prior 7-Day Eod 3.92% | 7.05%3.92% | 11.42%
Current vs 7-Day Eod +4.26% | +4.58%+4.26% | -5.59%
Sentiment BEARISHBEARISH

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 55.49% | 37.79%
Calls: 23.69% | 29.38%
Puts: 87.30% | 46.20%
Current vs 7-Day Avg +19.69% | +17.03%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 88% of dollar volume in calls ($649.1K) vs puts ($86.7K). Light premium activity with dollar volume down 72% vs prior. Below-average activity with volume down 68% vs prior. Extreme bullish P/C ratio of 0.15 - heavy call buying (12,706 calls vs 1,924 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 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. 5 found (avg $0.71, cheapest $0.32)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.00Sep 110.300.35$0.3215.6%30.42--
$8.00Aug 210.750.85$0.8012.5%9800.9232.8K
$8.00Aug 280.750.90$0.8318.1%370.88842
$8.50Sep 110.550.65$0.6016.7%110.62--
$8.00Sep 180.901.05$0.9815.3%350.776.6K
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 25 found (avg delta 0.77, highest 0.94)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.50Aug 281.151.40$1.2719.7%160.94376
$7.50Sep 41.251.45$1.3514.8%10.94--
$7.50Aug 211.101.45$1.2727.6%1060.936.2K
$8.00Aug 210.750.85$0.8012.5%9800.9232.8K
$8.00Aug 280.750.90$0.8318.1%370.88842
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$10.50Aug 211.402.05$1.7337.6%40.94--
$10.00Aug 211.001.70$1.3551.9%90.9270
$10.00Aug 280.951.50$1.2344.7%20.906
$9.50Aug 210.401.05$0.7389.0%30.90--
$10.00Sep 41.201.50$1.3522.2%200.822

Most actively traded options today. High liquidity = easy entry/exit. 61 active (total vol 10.5K, top 1.9K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.00Aug 210.050.10$0.0862.5%1.9K0.3136.7K
$10.00Sep 110.050.15$0.10100.0%1.6K0.17676
$8.00Aug 210.750.85$0.8012.5%9800.9232.8K
$9.00Aug 280.200.30$0.2540.0%9450.442.5K
$9.00Sep 180.350.45$0.4025.0%7950.4723.8K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.00Aug 210.200.35$0.2853.6%2000.6923.3K
$9.00Sep 180.450.65$0.5536.4%1480.53876
$8.00Aug 210.000.05$0.03166.7%1450.0926.9K
$8.50Aug 210.000.10$0.05200.0%1420.222.1K
$8.50Aug 280.100.30$0.20100.0%880.331.0K

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 79.4%, max 92.4%)

CALLS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$8.50Aug 21Sep 1190.3%46.9%92.4%3574.9K
$9.00Aug 21Oct 287.1%50.4%72.9%1.9K36.7K
PUTS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$8.50Aug 21Sep 2590.3%50.4%79.2%1542.1K
$9.00Aug 21Oct 287.1%50.4%72.9%20423.3K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 26 found (best R:R 0.79, avg 1.77)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$8.00$8.50Sep 11$0.28$0.22$0.2883%0.79$8.28
$8.00$9.00Sep 25$0.52$0.48$0.5274%0.92$8.52
$8.00$8.50Aug 28$0.33$0.17$0.3388%0.52$8.33
$8.00$9.00Sep 18$0.58$0.42$0.5877%0.72$8.58
$9.00$9.50Sep 11$0.12$0.38$0.1242%3.17$9.12
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$9.00$8.50Aug 28$0.20$0.30$0.2056%1.50$8.80
$8.50$8.00Sep 25$0.17$0.33$0.1741%1.94$8.33
$9.00$8.00Sep 18$0.35$0.65$0.3553%1.86$8.65
$9.00$8.50Sep 25$0.25$0.25$0.2555%1.00$8.75
$9.00$8.50Aug 21$0.23$0.27$0.2369%1.17$8.77

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 12 found (best R:R 0.43, avg 0.42)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$9.00$9.50Oct 2$0.22$0.22$0.2853%0.79$9.22
$9.50$10.00Oct 2$0.13$0.13$0.3767%0.35$9.63
$9.00$9.50Aug 28$0.15$0.15$0.3556%0.43$9.15
$9.50$10.00Sep 11$0.10$0.10$0.4072%0.25$9.60
$9.00$10.00Sep 18$0.27$0.27$0.7353%0.37$9.27
BULL PUT (4)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$8.50$8.00Aug 28$0.15$0.15$0.3567%0.43$8.35
$8.50$8.00Sep 11$0.17$0.17$0.3361%0.52$8.33
$8.00$7.50Sep 25$0.13$0.13$0.3772%0.35$7.87
$8.50$8.00Sep 25$0.17$0.17$0.3359%0.52$8.33

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.15, cheapest $0.12)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$9.00Aug 21Aug 28$0.1787.1%61.6%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$9.00Aug 21Aug 28$0.1287.1%61.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 17 found (cheapest 4.09% of stock, avg 9.95%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$9.00Aug 21$0.08$0.28$0.36$8.64$9.364.09%
$8.50Aug 21$0.35$0.05$0.40$8.10$8.904.54%
$9.00Aug 28$0.25$0.40$0.65$8.35$9.657.38%
$8.50Aug 28$0.50$0.20$0.70$7.80$9.207.95%
$9.50Aug 21$0.03$0.73$0.76$8.74$10.268.63%
$8.50Sep 4$0.55$0.22$0.77$7.73$9.278.74%
$8.00Aug 21$0.80$0.03$0.83$7.17$8.839.42%
$8.00Aug 28$0.83$0.05$0.88$7.12$8.889.99%
$8.50Sep 11$0.60$0.30$0.90$7.60$9.4010.22%
$9.00Sep 11$0.32$0.60$0.92$8.08$9.9210.44%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 47 found (cheapest 0.68% of stock, avg 3.82%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$10.00$8.00Aug 21$0.03$0.03$0.06$7.94$10.06
$10.00$7.50Aug 21$0.03$0.03$0.06$7.44$10.06
$9.50$8.00Aug 21$0.03$0.03$0.06$7.94$9.56
$9.50$7.50Aug 21$0.03$0.03$0.06$7.44$9.56
$9.50$8.50Aug 21$0.03$0.05$0.08$8.42$9.58
$10.00$8.50Aug 21$0.03$0.05$0.08$8.42$10.08
$10.00$8.00Aug 28$0.05$0.05$0.10$7.90$10.10
$9.00$8.00Aug 21$0.08$0.03$0.11$7.89$9.11
$9.00$8.50Aug 21$0.08$0.05$0.13$8.37$9.13
$9.00$7.50Aug 21$0.08$0.03$0.11$7.39$9.11

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. 21 found (best R:R 2.23, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$8.00$9.00$10.00Sep 18$0.31$0.6957%2.23
$8.00$9.00$10.00Sep 25$0.27$0.7351%2.70
$8.00$8.50$9.00Aug 28$0.08$0.4244%5.25
$8.50$9.00$9.50Aug 28$0.10$0.4045%4.00
$8.50$9.00$9.50Aug 21$0.22$0.2869%1.27
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$8.50$9.00$9.50Aug 21$0.22$0.2868%1.27
$8.00$8.50$9.00Aug 21$0.21$0.2960%1.38
$8.00$8.50$9.00Sep 25$0.08$0.4227%5.25
$8.00$8.50$9.00Sep 11$0.13$0.3736%2.85
$7.50$8.00$8.50Sep 11$0.12$0.3827%3.17

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 $-0.11, 13 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$8.00$8.501:2Aug 28-$0.17$0.33
$8.00$8.501:2Sep 4-$0.20$0.30
$7.50$8.001:2Aug 21-$0.33$0.17
$9.00$9.501:2Oct 2-$0.06$0.44
$9.00$9.501:2Sep 4-$0.06$0.44
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$10.00$9.501:2Aug 21-$0.11$0.39
$8.50$8.001:2Sep 25-$0.11$0.39
$9.00$8.501:2Sep 25-$0.20$0.30
$10.00$9.001:2Sep 18$0.28$0.72
$10.00$9.001:2Aug 28$0.43$0.57

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 11 found (best yield 4.54%, avg 2.43%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$9.00Oct 2$0.400.472.2%4.54%6.70%5798
$9.00Sep 18$0.350.472.2%3.97%6.13%79523.8K
$9.00Sep 25$0.300.452.2%3.41%5.56%6--
$9.00Sep 11$0.300.422.2%3.41%5.56%3--
$9.50Oct 2$0.150.337.8%1.70%9.53%100--
$10.00Sep 25$0.100.2213.5%1.14%14.64%176310
$10.00Sep 18$0.100.2013.5%1.14%14.64%5677.9K
$9.00Sep 4$0.250.422.2%2.84%4.99%3781.6K
$9.50Sep 11$0.100.287.8%1.14%8.97%10385
$9.50Sep 4$0.100.277.8%1.14%8.97%41--

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 12,706
Total Puts 1,924
Put/Call Ratio 0.15
Net Difference 10,782

Prior's Put/Call Breakdown

Total Calls 42,996
Total Puts 3,368
Put/Call Ratio 0.08
Net Difference 39,628

Prior 7-Day Put/Call Summary

Total Calls 233,645
Total Puts 80,648
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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