Tour v508
WEN
WENDYS CO A
$8.43 -2.71%
8/13 10:10

Option Volume

Detail
Current (08/13 10:10am) 8,769
Calls: 7,030 (80%)
Puts: 1,739 (20%)
Prior (08/07) 20,961
Calls: 14,603 (70%)
Puts: 6,358 (30%)
Current vs Prior -58.17%
Calls: -51.86% (Calls)
Puts: -72.65% (Puts)
Prior 7-Day Total 447,954
Calls: 333,433 (74%)
Puts: 114,521 (26%)
Prior 7-Day Average 63,993
Calls: 47,633 (74%)
Puts: 16,360 (26%)
Current vs Prior 7-Day Avg -86.30%
Calls: -85.24%
Puts: -89.37%
Sentiment BULLISH

Dollar Volume

Detail
Current (08/13 10:10am) $355.0K
Calls: $275.4K (78%)
Puts: $79.7K (22%)
Prior (08/07) $504.4K
Calls: $397.0K (79%)
Puts: $107.3K (21%)
Current vs Prior -29.61%
Calls: -30.64%
Puts: -25.79%
Prior 7-Day Total $29.84M
Calls: $25.24M (85%)
Puts: $4.60M (15%)
Prior 7-Day Average $4.26M
Calls: $3.61M (85%)
Puts: $656.6K (15%)
Current vs Prior 7-Day Avg -91.67%
Calls: -92.36%
Puts: -87.87%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/13 10:10am) 0.25
Prior (08/07) 0.44
Current vs Prior -43.18%
Prior 7-Day Average 0.82
Current vs Prior 7-Day Avg -69.76%
Sentiment BULLISH

Open Interest

Detail
Current (08/13 10:10am) 670,015
Calls: 409,870 (61%)
Puts: 260,145 (39%)
Prior (08/07) 604,511
Calls: 387,856 (64%)
Puts: 216,655 (36%)
Current vs Prior +10.84%
Prior 7-Day Total 3,506,007
Calls: 1,988,285 (57%)
Puts: 1,517,722 (43%)
Prior 7-Day Average 500,858
Calls: 284,040 (57%)
Puts: 216,817 (43%)
Current vs Prior 7-Day Avg +33.77%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/14) | Next (08/21)Expiry (08/21) | Next (09/18)
Current 5.10% | 8.66%8.66% | 14.83%
Prior 6.89% | 9.75%9.75% | 16.38%
Current vs Prior -25.99% | -11.21%-11.21% | -9.50%
Prior 7-Day Avg 7.88% | 11.39%11.60% | 17.16%
Current vs 7-Day Avg -35.29% | -24.00%-25.38% | -13.61%
Prior 7-Day Eod 6.89% | 9.75%9.24% | 17.32%
Current vs 7-Day Eod -25.99% | -11.21%-6.26% | -14.39%
Sentiment BULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 33.89% | 39.91%
Calls: 27.78% | 66.67%
Puts: 40.00% | 13.16%
Prior 28.18% | 21.70%
Calls: 28.57% | 15.62%
Puts: 27.78% | 27.78%
Current vs Prior +20.26% | +83.92%
Prior 7-Day Avg 32.43% | 35.06%
Calls: 33.28% | 23.70%
Puts: 32.34% | 37.88%
Current vs 7-Day Avg +4.50% | +13.82%
Liquidity Expensive
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🤖 AI Insights

Strong bullish conviction with 78% of dollar volume in calls ($275.4K) vs puts ($79.7K). Below-average activity with volume down 58% vs prior. Extreme bullish P/C ratio of 0.25 - heavy call buying (7,030 calls vs 1,739 puts). P/C ratio dropping 43% - sentiment shifting bullish.

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
Sentiment Timeline (Today)
TimeSmart MoneyRetailOverall
10:10BULLISHBULLISHBULLISH
10:05BULLISHBULLISHBULLISH
10:00BULLISHBULLISHBULLISH
09:55BULLISHBULLISHBULLISH
09:50BULLISHBULLISHBULLISH
09:45BULLISHBULLISHBULLISH
09:40BULLISHBULLISHBULLISH
09:35BULLISHBULLISHBULLISH

📈 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 7.1%, best 7.1%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.00Aug 141.351.45$1.407.1%70.93207
PUTS (0)
No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 8 found (avg $0.66, cheapest $0.38)

CALLS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Aug 210.550.65$0.6016.7%6440.7236.5K
$9.00Sep 180.350.40$0.3813.2%2420.3917.1K
$7.50Aug 140.851.00$0.9316.1%770.913.2K
$7.50Aug 210.901.05$0.9815.3%1040.866.7K
PUTS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.50Aug 210.350.40$0.3813.2%2040.501.2K
$8.00Sep 40.350.40$0.3813.2%540.36321
$9.00Aug 210.700.85$0.7719.5%1870.7023.2K
$9.00Aug 280.800.95$0.8817.0%200.65242

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 35 found (avg delta 0.74, highest 0.95)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.00Aug 211.351.50$1.4310.5%20.958.4K
$7.00Aug 141.351.45$1.407.1%70.93207
$7.00Aug 281.301.85$1.5834.8%--0.92103
$7.50Aug 140.851.00$0.9316.1%770.913.2K
$7.00Sep 41.201.95$1.5847.5%--0.9161
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.50Aug 141.001.20$1.1018.2%80.9211
$10.00Aug 211.201.85$1.5342.5%--0.8885
$10.00Sep 181.451.90$1.6726.9%--0.8146
$9.00Aug 140.300.75$0.5384.9%30.7933
$9.00Aug 210.700.85$0.7719.5%1870.7023.2K

Most actively traded options today. High liquidity = easy entry/exit. 63 active (total vol 7.0K, top 1.5K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.00Aug 140.050.10$0.0862.5%1.5K0.214.9K
$8.00Aug 210.550.65$0.6016.7%6440.7236.5K
$9.50Aug 280.150.20$0.1827.8%5920.241.0K
$8.50Aug 140.150.20$0.1827.8%4450.462.9K
$9.00Aug 210.150.20$0.1827.8%4130.3137.8K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.50Aug 140.200.30$0.2540.0%3360.552.2K
$8.50Aug 280.450.65$0.5536.4%2210.50233
$8.50Aug 210.350.40$0.3813.2%2040.501.2K
$9.00Aug 210.700.85$0.7719.5%1870.7023.2K
$8.00Aug 140.000.05$0.03166.7%780.131.4K

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 113.0%, max 147.9%)

CALLS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$9.00Aug 14Sep 25133.2%53.7%147.9%1.5K5.0K
$8.50Aug 14Sep 25106.7%60.7%75.6%4502.9K
PUTS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$9.00Aug 14Sep 18133.2%56.9%134.1%23791
$8.50Aug 14Sep 11106.7%54.9%94.5%3362.3K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 35 found (best R:R 1.27, avg 1.56)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$7.50$8.00Sep 11$0.22$0.28$0.2279%1.27$7.72
$7.00$8.00Sep 18$0.65$0.35$0.6585%0.54$7.65
$8.00$8.50Aug 14$0.27$0.23$0.2787%0.85$8.27
$8.00$8.50Sep 25$0.22$0.28$0.2264%1.27$8.22
$8.00$8.50Aug 21$0.25$0.25$0.2572%1.00$8.25
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$9.00$8.50Sep 4$0.20$0.30$0.2063%1.50$8.80
$9.00$8.50Aug 14$0.28$0.22$0.2879%0.79$8.72
$8.00$7.50Sep 25$0.13$0.37$0.1336%2.85$7.87
$8.50$8.00Aug 21$0.20$0.30$0.2050%1.50$8.30
$9.00$8.50Aug 28$0.33$0.17$0.3365%0.52$8.67

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 16 found (best R:R 1.00, avg 0.53)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$8.50$9.00Sep 25$0.28$0.28$0.2247%1.27$8.78
$9.00$9.50Sep 11$0.15$0.15$0.3562%0.43$9.15
$9.50$10.00Sep 4$0.10$0.10$0.4072%0.25$9.60
$9.00$10.00Sep 18$0.23$0.23$0.7761%0.30$9.23
$9.00$9.50Sep 25$0.15$0.15$0.3560%0.43$9.15
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$8.00$7.50Sep 11$0.25$0.25$0.2565%1.00$7.75
$8.00$7.50Aug 28$0.20$0.20$0.3066%0.67$7.80
$8.00$7.00Sep 18$0.27$0.27$0.7365%0.37$7.73
$8.00$7.50Sep 4$0.20$0.20$0.3064%0.67$7.80
$7.50$7.00Sep 25$0.15$0.15$0.3574%0.43$7.35

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.15, cheapest $0.13)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$8.50Aug 14Aug 21$0.17106.7%71.9%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$8.50Aug 14Aug 21$0.13106.7%71.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 18 found (cheapest 5.10% of stock, avg 11.89%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$8.50Aug 14$0.18$0.25$0.43$8.07$8.935.10%
$8.00Aug 14$0.45$0.03$0.48$7.52$8.485.69%
$9.00Aug 14$0.08$0.53$0.61$8.39$9.617.24%
$8.50Aug 21$0.35$0.38$0.73$7.77$9.238.66%
$8.00Aug 21$0.60$0.18$0.78$7.22$8.789.25%
$9.00Aug 21$0.18$0.77$0.95$8.05$9.9511.27%
$8.00Aug 28$0.68$0.30$0.98$7.02$8.9811.63%
$8.50Aug 28$0.45$0.55$1.00$7.50$9.5011.86%
$8.50Sep 11$0.50$0.52$1.02$7.48$9.5212.10%
$8.50Sep 4$0.50$0.63$1.13$7.37$9.6313.40%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 73 found (cheapest 0.71% of stock, avg 5.00%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$9.50$7.50Aug 14$0.03$0.03$0.06$7.44$9.56
$10.00$7.00Aug 14$0.03$0.03$0.06$6.94$10.06
$10.00$7.50Aug 14$0.03$0.03$0.06$7.44$10.06
$9.50$7.00Aug 14$0.03$0.03$0.06$6.94$9.56
$9.50$8.00Aug 14$0.03$0.03$0.06$7.94$9.56
$10.00$8.00Aug 14$0.03$0.03$0.06$7.94$10.06
$10.00$7.00Aug 21$0.08$0.03$0.11$6.89$10.11
$9.00$8.00Aug 14$0.08$0.03$0.11$7.89$9.11
$9.00$7.50Aug 14$0.08$0.03$0.11$7.39$9.11
$9.00$7.00Aug 14$0.08$0.03$0.11$6.89$9.11

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 1 found (best R:R 1.50, avg credit $0.30)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
8/89/10Aug 28$0.30$0.2031%1.50$7.70$9.30

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 38 found (best R:R 7.33, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$7.00$8.00$9.00Sep 18$0.18$0.8246%4.56
$8.00$8.50$9.00Aug 14$0.17$0.3366%1.94
$8.00$9.00$10.00Sep 18$0.24$0.7645%3.17
$8.00$8.50$9.00Aug 21$0.08$0.4241%5.25
$8.00$8.50$9.00Aug 28$0.06$0.4431%7.33
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$8.00$8.50$9.00Aug 14$0.06$0.4466%7.33
$8.00$9.00$10.00Sep 18$0.17$0.8345%4.88
$7.50$8.00$8.50Aug 28$0.05$0.4534%9.00
$7.50$8.00$8.50Sep 4$0.05$0.4529%9.00
$7.00$8.00$9.00Sep 18$0.28$0.7247%2.57

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 38 found (best net $-0.20, 30 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$7.00$8.001:2Sep 18-$0.20$0.80
$8.00$8.501:2Aug 21-$0.10$0.40
$7.50$8.001:2Aug 21-$0.22$0.28
$8.00$8.501:2Sep 11-$0.12$0.38
$8.50$9.001:2Sep 25-$0.12$0.38
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$10.00$9.001:2Sep 18-$0.23$0.77
$9.00$8.501:2Sep 11-$0.19$0.31
$8.50$8.001:2Sep 4-$0.13$0.37
$9.00$8.501:2Aug 28-$0.22$0.28
$7.50$7.001:2Sep 25-$0.05$0.45

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 20 found (best yield 7.12%, avg 2.73%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$8.50Sep 25$0.600.530.8%7.12%7.95%546
$10.00Sep 25$0.200.2618.6%2.37%21.00%833
$9.00Sep 18$0.350.396.8%4.15%10.91%24217.1K
$10.00Sep 11$0.100.2518.6%1.19%19.81%58577
$8.50Sep 4$0.450.490.8%5.34%6.17%9227
$9.00Sep 4$0.250.366.8%2.97%9.73%20522
$9.50Sep 4$0.150.2812.7%1.78%14.47%7081
$8.50Sep 11$0.400.520.8%4.74%5.58%4100
$8.50Aug 28$0.400.490.8%4.74%5.58%230522
$9.00Sep 25$0.200.406.8%2.37%9.13%--88

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 7,030
Total Puts 1,739
Put/Call Ratio 0.25
Net Difference 5,291

Prior's Put/Call Breakdown

Total Calls 14,603
Total Puts 6,358
Put/Call Ratio 0.44
Net Difference 8,245

Prior 7-Day Put/Call Summary

Total Calls 333,433
Total Puts 114,521
Average Put/Call Ratio 0.82
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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