Tour v526
WEN
WENDYS CO A
$9.01 +2.27%
$8.99 (-0.22%)🌙
as of 08/21 07:19 PM
(8/20 19:17) ◀
|
Friday, August 21, 2026 (7:19pm)
January 2026
|
▶ (8/25 19:15)
◀ 8/21 19:19 ▶

Option Volume

Detail
ℹ
Current (08/21) 44,034
Calls: 39,059 (89%)
Puts: 4,975 (11%)
Prior (08/20) 14,630
Calls: 12,706 (87%)
Puts: 1,924 (13%)
Current vs Prior +200.98%
Calls: +207.41% (Calls)
Puts: +158.58% (Puts)
Prior 7-Day Total 315,693
Calls: 237,232 (75%)
Puts: 78,461 (25%)
Prior 7-Day Average 45,099
Calls: 33,890 (75%)
Puts: 11,208 (25%)
Current vs Prior 7-Day Avg -2.36%
Calls: +15.25%
Puts: -55.61%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/21) $3.88M
Calls: $3.41M (88%)
Puts: $471.6K (12%)
Prior (08/20) $735.9K
Calls: $649.1K (88%)
Puts: $86.7K (12%)
Current vs Prior +427.78%
Calls: +425.66%
Puts: +443.67%
Prior 7-Day Total $17.66M
Calls: $14.64M (83%)
Puts: $3.02M (17%)
Prior 7-Day Average $2.52M
Calls: $2.09M (83%)
Puts: $432.1K (17%)
Current vs Prior 7-Day Avg +53.92%
Calls: +63.17%
Puts: +9.14%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/21) 0.13
Prior (08/20) 0.15
Current vs Prior -15.88%
Prior 7-Day Average 0.22
Current vs Prior 7-Day Avg -43.20%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/21) 417,211
Calls: 327,900 (79%)
Puts: 89,311 (21%)
Prior (08/20) 379,562
Calls: 290,438 (77%)
Puts: 89,124 (23%)
Current vs Prior +9.92%
Prior 7-Day Total 3,088,048
Calls: 2,289,815 (74%)
Puts: 798,233 (26%)
Prior 7-Day Average 441,149
Calls: 327,116 (74%)
Puts: 114,033 (26%)
Current vs Prior 7-Day Avg -5.43%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/21) | Next (08/28)Expiry (08/21) | Next (09/18)
Current 2.33% | 5.88%2.33% | 10.54%
Prior 4.09% | 7.38%4.09% | 10.78%
Current vs Prior +43.95% | +12.82%-42.96% | -2.22%
Prior 7-Day Avg 4.94% | 8.17%6.07% | 13.26%
Current vs 7-Day Avg +18.97% | +1.89%-61.58% | -20.48%
Prior 7-Day Eod 4.09% | 7.38%4.09% | 10.78%
Current vs 7-Day Eod +43.95% | +12.82%-42.96% | -2.22%
Sentiment BEARISHBULLISH

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 60.96% | 41.01%
Calls: 22.72% | 32.13%
Puts: 99.21% | 49.89%
Current vs 7-Day Avg +8.96% | +7.85%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 88% of dollar volume in calls ($3.41M) vs puts ($471.6K). Massive premium surge with dollar volume up 428% vs prior. Dollar volume significantly above 7-day average (54% higher). Unusually high activity with volume up 201% vs prior - elevated interest.

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 1 of results (avg 8.8%, best 8.8%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.50Aug 280.550.60$0.578.8%1080.781.1K
PUTS (0)
No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 2 found (avg $0.42, cheapest $0.28)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.00Aug 280.250.30$0.2817.9%1.2K0.533.4K
$8.50Aug 280.550.60$0.578.8%1080.781.1K
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 28 found (avg delta 0.79, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.50Aug 211.401.60$1.5013.3%5641.006.0K
$8.00Aug 210.951.05$1.0010.0%2.0K1.0031.3K
$7.50Sep 111.401.70$1.5519.4%1210.97358
$7.50Aug 281.301.55$1.4317.5%1410.95376
$8.00Aug 280.951.10$1.0214.7%1620.93839
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Aug 210.000.05$0.03166.7%591.0026.9K
$10.00Aug 210.451.55$1.00110.0%120.9065
$9.50Aug 210.100.60$0.35142.9%50.874
$10.00Aug 280.751.35$1.0557.1%30.87--
$10.00Sep 181.151.35$1.2516.0%90.7754

Most actively traded options today. High liquidity = easy entry/exit. 63 active (total vol 24.1K, top 6.9K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.00Aug 210.000.05$0.03166.7%6.9K0.5836.0K
$9.00Sep 180.400.50$0.4522.2%2.5K0.5023.9K
$8.00Aug 210.951.05$1.0010.0%2.0K1.0031.3K
$9.50Aug 280.100.15$0.1338.5%1.4K0.281.1K
$9.50Sep 110.200.35$0.2853.6%1.3K0.35159
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.00Aug 210.000.35$0.18194.4%2.7K0.4223.2K
$9.00Aug 280.200.30$0.2540.0%2010.47277
$8.00Sep 40.050.20$0.13115.4%1900.181.1K
$9.00Sep 180.450.55$0.5020.0%1320.491.0K
$8.50Aug 280.050.15$0.10100.0%1140.221.0K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 2 strikes (avg 50.3%, max 51.9%)

CALLS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$9.00Aug 21Oct 272.2%47.5%51.9%7.2K36.1K
PUTS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$9.00Aug 21Sep 2572.2%48.5%48.8%2.7K23.2K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 22 found (best R:R 1.78, avg 1.82)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$8.00$8.50Oct 2$0.18$0.32$0.1881%1.78$8.18
$8.00$9.00Sep 18$0.60$0.40$0.6084%0.67$8.60
$8.50$9.00Sep 11$0.20$0.30$0.2070%1.50$8.70
$8.50$9.00Sep 4$0.25$0.25$0.2574%1.00$8.75
$9.00$9.50Sep 11$0.15$0.35$0.1550%2.33$9.15
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$9.50$9.00Aug 21$0.17$0.33$0.1787%1.94$9.33
$8.50$7.50Sep 25$0.17$0.83$0.1734%4.88$8.33
$9.00$8.50Aug 28$0.15$0.35$0.1548%2.33$8.85
$9.00$8.50Sep 25$0.25$0.25$0.2549%1.00$8.75
$9.00$8.50Sep 4$0.25$0.25$0.2550%1.00$8.75

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 9 found (best R:R 0.59, avg 0.62)

BEAR CALL (2)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$9.50$10.00Sep 11$0.15$0.15$0.3565%0.43$9.65
$9.50$10.00Sep 25$0.10$0.10$0.4063%0.25$9.60
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$9.00$8.00Sep 18$0.37$0.37$0.6351%0.59$8.63
$9.00$8.50Sep 11$0.28$0.28$0.2250%1.27$8.72
$9.00$8.50Aug 21$0.15$0.15$0.3558%0.43$8.85
$9.00$8.50Sep 4$0.25$0.25$0.2550%1.00$8.75
$9.00$8.50Sep 25$0.25$0.25$0.2551%1.00$8.75

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.16, cheapest $0.07)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$9.00Aug 21Aug 28$0.2572.2%52.4%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$9.00Aug 21Aug 28$0.0772.2%52.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 12 found (cheapest 2.33% of stock, avg 8.19%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$9.00Aug 21$0.03$0.18$0.21$8.79$9.212.33%
$9.50Aug 21$0.03$0.35$0.38$9.12$9.884.22%
$9.00Aug 28$0.28$0.25$0.53$8.47$9.535.88%
$8.50Aug 21$0.53$0.03$0.56$7.94$9.066.22%
$8.50Aug 28$0.57$0.10$0.67$7.83$9.177.44%
$8.50Sep 4$0.60$0.15$0.75$7.75$9.258.32%
$9.00Sep 4$0.35$0.40$0.75$8.25$9.758.32%
$8.50Sep 11$0.63$0.22$0.85$7.65$9.359.43%
$9.00Sep 11$0.43$0.50$0.93$8.07$9.9310.32%
$9.00Sep 18$0.45$0.50$0.95$8.05$9.9510.54%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 43 found (cheapest 0.67% of stock, avg 3.79%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$10.00$8.50Aug 21$0.03$0.03$0.06$8.44$10.06
$9.50$8.50Aug 21$0.03$0.03$0.06$8.44$9.56
$10.50$8.00Aug 28$0.05$0.03$0.08$7.92$10.58
$10.50$7.50Aug 28$0.05$0.03$0.08$7.42$10.58
$10.00$8.00Aug 28$0.05$0.03$0.08$7.92$10.08
$10.00$7.50Aug 28$0.05$0.03$0.08$7.42$10.08
$10.00$8.50Aug 28$0.05$0.10$0.15$8.35$10.15
$10.50$8.50Aug 28$0.05$0.10$0.15$8.35$10.65
$9.50$8.00Aug 28$0.13$0.03$0.16$7.84$9.66
$10.00$7.50Sep 11$0.13$0.05$0.18$7.32$10.18

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. 22 found (best R:R 2.33, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$8.00$9.00$10.00Sep 18$0.30$0.7062%2.33
$8.50$9.00$9.50Sep 4$0.05$0.4546%9.00
$8.50$9.00$9.50Sep 11$0.05$0.4535%9.00
$9.00$9.50$10.00Aug 28$0.07$0.4340%6.14
$8.50$9.00$9.50Aug 28$0.14$0.3650%2.57
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$8.00$8.50$9.00Aug 21$0.15$0.3558%2.33
$8.00$8.50$9.00Aug 28$0.08$0.4240%5.25
$8.00$9.00$10.00Sep 18$0.38$0.6259%1.63
$7.50$8.00$8.50Aug 28$0.07$0.4317%6.14
$8.00$8.50$9.00Sep 11$0.21$0.2930%1.38

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 28 found (best net $-0.06, 17 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$8.00$8.501:2Aug 21-$0.06$0.44
$8.00$8.501:2Aug 28-$0.12$0.38
$8.00$8.501:2Sep 4-$0.18$0.32
$8.50$9.001:2Sep 4-$0.10$0.40
$8.00$8.501:2Sep 11-$0.24$0.26
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$8.50$8.001:2Sep 11-$0.08$0.42
$8.50$8.001:2Sep 4-$0.11$0.39
$10.00$9.001:2Sep 18$0.25$0.75
$10.00$9.501:2Aug 21$0.30$0.20
$10.00$9.001:2Aug 28$0.55$0.45

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 8 found (best yield 2.22%, avg 1.73%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$10.00Sep 25$0.200.2711.0%2.22%13.21%161475
$9.50Sep 25$0.250.375.4%2.77%8.21%858
$10.00Oct 2$0.150.2711.0%1.66%12.65%48164
$9.50Sep 11$0.200.355.4%2.22%7.66%1.3K159
$9.50Oct 2$0.150.355.4%1.66%7.10%12101
$10.00Sep 18$0.100.2211.0%1.11%12.10%5908.2K
$9.50Aug 28$0.100.285.4%1.11%6.55%1.4K1.1K
$9.50Sep 4$0.100.285.4%1.11%6.55%34340

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 39,059
Total Puts 4,975
Put/Call Ratio 0.13
Net Difference 34,084

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 237,232
Total Puts 78,461
Average Put/Call Ratio 0.22
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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