Tour v508
WEN
WENDYS CO A
$8.55 -1.33%
8/13 10:30

Option Volume

Detail
Current (08/13 10:30am) 11,325
Calls: 9,182 (81%)
Puts: 2,143 (19%)
Prior (08/07) 22,329
Calls: 15,594 (70%)
Puts: 6,735 (30%)
Current vs Prior -49.28%
Calls: -41.12% (Calls)
Puts: -68.18% (Puts)
Prior 7-Day Total 450,698
Calls: 335,641 (74%)
Puts: 115,057 (26%)
Prior 7-Day Average 64,385
Calls: 47,948 (74%)
Puts: 16,436 (26%)
Current vs Prior 7-Day Avg -82.41%
Calls: -80.85%
Puts: -86.96%
Sentiment BULLISH

Dollar Volume

Detail
Current (08/13 10:30am) $613.0K
Calls: $510.9K (83%)
Puts: $102.2K (17%)
Prior (08/07) $592.1K
Calls: $488.4K (82%)
Puts: $103.7K (18%)
Current vs Prior +3.54%
Calls: +4.60%
Puts: -1.50%
Prior 7-Day Total $30.11M
Calls: $25.48M (85%)
Puts: $4.63M (15%)
Prior 7-Day Average $4.30M
Calls: $3.64M (85%)
Puts: $662.0K (15%)
Current vs Prior 7-Day Avg -85.75%
Calls: -85.97%
Puts: -84.56%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/13 10:30am) 0.23
Prior (08/07) 0.43
Current vs Prior -45.96%
Prior 7-Day Average 0.82
Current vs Prior 7-Day Avg -71.51%
Sentiment BULLISH

Open Interest

Detail
Current (08/13 10:30am) 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 4.80% | 8.19%8.19% | 15.79%
Prior 6.89% | 9.75%9.75% | 16.38%
Current vs Prior -30.42% | -16.05%-16.05% | -3.63%
Prior 7-Day Avg 7.88% | 11.39%11.60% | 17.16%
Current vs 7-Day Avg -39.17% | -28.15%-29.45% | -8.00%
Prior 7-Day Eod 6.89% | 9.75%9.24% | 17.32%
Current vs 7-Day Eod -30.42% | -16.05%-11.37% | -8.84%
Sentiment BULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 24.76% | 29.16%
Calls: 21.74% | 25.00%
Puts: 27.78% | 33.33%
Prior 28.18% | 21.70%
Calls: 28.57% | 15.62%
Puts: 27.78% | 27.78%
Current vs Prior -12.14% | +34.38%
Prior 7-Day Avg 32.43% | 35.06%
Calls: 33.28% | 23.70%
Puts: 32.34% | 37.88%
Current vs 7-Day Avg -23.65% | -16.84%
Liquidity Expensive
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🤖 AI Insights

Strong bullish conviction with 83% of dollar volume in calls ($510.9K) vs puts ($102.2K). Below-average activity with volume down 49% vs prior. Extreme bullish P/C ratio of 0.23 - heavy call buying (9,182 calls vs 2,143 puts). P/C ratio dropping 46% - 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
10:30BULLISHBULLISHBULLISH
10:25BULLISHBULLISHBULLISH
10:20BULLISHBULLISHBULLISH
10:15BULLISHBULLISHBULLISH
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 6.2%, best 6.2%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.00Aug 211.551.65$1.606.2%1520.958.4K
PUTS (0)
No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 5 found (avg $0.77, cheapest $0.60)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Aug 140.550.65$0.6016.7%1080.904.1K
$8.00Aug 210.650.75$0.7014.3%7110.7636.5K
$8.00Sep 180.800.95$0.8817.0%160.674.6K
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.00Aug 280.700.85$0.7719.5%200.62242
$9.00Sep 180.850.95$0.9011.1%200.57758

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 36 found (avg delta 0.75, highest 0.97)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.00Sep 41.551.95$1.7522.9%--0.9761
$7.00Aug 281.301.85$1.5834.8%--0.97103
$7.00Aug 211.551.65$1.606.2%1520.958.4K
$7.00Aug 141.451.65$1.5512.9%270.94207
$7.50Aug 140.951.15$1.0519.0%1120.933.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$10.00Aug 141.201.80$1.5040.0%1000.934
$9.50Aug 140.901.20$1.0528.6%80.9111
$10.00Aug 211.351.85$1.6031.2%--0.8785
$9.00Aug 140.450.65$0.5536.4%30.7733
$10.00Sep 181.451.90$1.6726.9%--0.7746

Most actively traded options today. High liquidity = easy entry/exit. 68 active (total vol 8.6K, top 1.6K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.00Aug 140.050.10$0.0862.5%1.6K0.234.9K
$8.00Aug 210.650.75$0.7014.3%7110.7636.5K
$9.50Aug 280.150.25$0.2050.0%5930.261.0K
$9.00Aug 210.150.25$0.2050.0%5440.3537.8K
$8.50Aug 140.200.25$0.2321.7%4580.552.9K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.50Aug 140.150.20$0.1827.8%4920.452.2K
$8.50Aug 280.400.65$0.5347.2%2210.48233
$8.50Aug 210.250.35$0.3033.3%2060.441.2K
$9.00Aug 210.600.85$0.7334.2%1970.6623.2K
$7.50Aug 210.000.10$0.05200.0%1420.101.3K

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 86.5%, max 118.7%)

CALLS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$9.00Aug 14Sep 25115.2%52.7%118.7%1.6K5.0K
$8.50Aug 14Sep 25100.3%58.6%71.0%4632.9K
PUTS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$9.00Aug 14Sep 18115.2%60.3%91.0%23791
$8.50Aug 14Sep 11100.3%60.7%65.2%4952.3K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 34 found (best R:R 1.78, avg 1.80)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$8.00$8.50Sep 25$0.18$0.32$0.1865%1.78$8.18
$8.00$9.00Sep 18$0.43$0.57$0.4366%1.33$8.43
$8.00$8.50Aug 28$0.23$0.27$0.2369%1.17$8.23
$8.50$9.00Sep 4$0.15$0.35$0.1551%2.33$8.65
$7.50$8.00Sep 11$0.33$0.17$0.3381%0.52$7.83
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$9.00$8.50Sep 4$0.23$0.27$0.2360%1.17$8.77
$9.00$8.50Aug 28$0.24$0.26$0.2462%1.08$8.76
$8.50$8.00Sep 11$0.17$0.33$0.1748%1.94$8.33
$9.00$8.50Sep 11$0.25$0.25$0.2561%1.00$8.75
$8.00$7.50Sep 25$0.13$0.37$0.1335%2.85$7.87

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 17 found (best R:R 0.85, avg 0.50)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$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$9.50Sep 25$0.15$0.15$0.3560%0.43$9.15
$9.00$9.50Sep 4$0.13$0.13$0.3761%0.35$9.13
$9.00$10.00Sep 18$0.25$0.25$0.7558%0.33$9.25
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$8.00$7.50Sep 11$0.23$0.23$0.2765%0.85$7.77
$8.00$7.00Sep 18$0.27$0.27$0.7367%0.37$7.73
$8.00$7.50Aug 28$0.18$0.18$0.3268%0.56$7.82
$8.50$8.00Aug 28$0.25$0.25$0.2552%1.00$8.25
$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 $0.12)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$8.50Aug 14Aug 21$0.17100.3%67.2%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$8.50Aug 14Aug 21$0.12100.3%67.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 18 found (cheapest 4.80% of stock, avg 11.90%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$8.50Aug 14$0.23$0.18$0.41$8.09$8.914.80%
$8.00Aug 14$0.60$0.03$0.63$7.37$8.637.37%
$9.00Aug 14$0.08$0.55$0.63$8.37$9.637.37%
$8.50Aug 21$0.40$0.30$0.70$7.80$9.208.19%
$8.00Aug 21$0.70$0.15$0.85$7.15$8.859.94%
$9.00Aug 21$0.20$0.73$0.93$8.07$9.9310.88%
$8.00Aug 28$0.73$0.28$1.01$6.99$9.0111.81%
$8.50Aug 28$0.50$0.53$1.03$7.47$9.5312.05%
$9.00Aug 28$0.30$0.77$1.07$7.93$10.0712.51%
$8.50Sep 4$0.53$0.60$1.13$7.37$9.6313.22%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 73 found (cheapest 0.70% of stock, avg 5.14%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$10.00$7.50Aug 14$0.03$0.03$0.06$7.44$10.06
$10.00$7.00Aug 14$0.03$0.03$0.06$6.94$10.06
$9.50$7.50Aug 14$0.03$0.03$0.06$7.44$9.56
$9.50$8.00Aug 14$0.03$0.03$0.06$7.94$9.56
$9.50$7.00Aug 14$0.03$0.03$0.06$6.94$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 1.17, avg credit $0.27)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
8/810/10Sep 4$0.27$0.2338%1.17$7.73$9.77

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 37 found (best R:R 4.56, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$8.00$9.00$10.00Sep 18$0.18$0.8244%4.56
$8.50$9.00$9.50Aug 14$0.10$0.4046%4.00
$7.50$8.00$8.50Aug 14$0.08$0.4238%5.25
$8.00$8.50$9.00Aug 14$0.22$0.2867%1.27
$8.00$8.50$9.00Aug 21$0.10$0.4041%4.00
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$7.00$8.00$9.00Sep 18$0.23$0.7744%3.35
$7.50$8.00$8.50Aug 28$0.07$0.4332%6.14
$8.00$8.50$9.00Aug 14$0.22$0.2866%1.27
$8.50$9.00$9.50Aug 14$0.13$0.3746%2.85
$8.00$9.00$10.00Sep 18$0.27$0.7343%2.70

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 40 found (best net $-0.18, 31 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$7.00$8.001:2Sep 18-$0.18$0.82
$7.50$8.001:2Aug 14-$0.15$0.35
$8.00$8.501:2Aug 21-$0.10$0.40
$7.50$8.001:2Aug 21-$0.30$0.20
$8.50$9.001:2Sep 25-$0.10$0.40
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$10.00$9.001:2Sep 18-$0.13$0.87
$9.50$9.001:2Aug 14-$0.05$0.45
$8.50$8.001:2Sep 4-$0.10$0.40
$7.50$7.001:2Sep 25-$0.05$0.45
$9.00$8.501:2Aug 28-$0.29$0.21

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 14 found (best yield 4.68%, avg 2.17%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$9.00Sep 18$0.400.425.3%4.68%9.94%44317.1K
$10.00Sep 25$0.200.2617.0%2.34%19.30%1833
$10.00Sep 18$0.150.2317.0%1.75%18.71%534.8K
$9.00Sep 4$0.300.395.3%3.51%8.77%40522
$9.00Sep 11$0.250.385.3%2.92%8.19%112220
$10.00Sep 11$0.100.2217.0%1.17%18.13%58577
$9.00Aug 28$0.250.375.3%2.92%8.19%117646
$9.50Sep 4$0.150.2811.1%1.75%12.87%7081
$9.50Aug 28$0.150.2611.1%1.75%12.87%5931.0K
$9.00Sep 25$0.200.405.3%2.34%7.60%--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 9,182
Total Puts 2,143
Put/Call Ratio 0.23
Net Difference 7,039

Prior's Put/Call Breakdown

Total Calls 15,594
Total Puts 6,735
Put/Call Ratio 0.43
Net Difference 8,859

Prior 7-Day Put/Call Summary

Total Calls 335,641
Total Puts 115,057
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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