Tour v508
WEN
WENDYS CO A
$8.49 -2.02%
8/13 10:35

Option Volume

Detail
Current (08/13 10:35am) 11,938
Calls: 9,643 (81%)
Puts: 2,295 (19%)
Prior (08/07) 23,647
Calls: 16,793 (71%)
Puts: 6,854 (29%)
Current vs Prior -49.52%
Calls: -42.58% (Calls)
Puts: -66.52% (Puts)
Prior 7-Day Total 451,152
Calls: 335,936 (74%)
Puts: 115,216 (26%)
Prior 7-Day Average 64,450
Calls: 47,990 (74%)
Puts: 16,459 (26%)
Current vs Prior 7-Day Avg -81.48%
Calls: -79.91%
Puts: -86.06%
Sentiment BULLISH

Dollar Volume

Detail
Current (08/13 10:35am) $622.8K
Calls: $515.7K (83%)
Puts: $107.1K (17%)
Prior (08/07) $780.3K
Calls: $680.0K (87%)
Puts: $100.3K (13%)
Current vs Prior -20.18%
Calls: -24.16%
Puts: +6.77%
Prior 7-Day Total $30.15M
Calls: $25.51M (85%)
Puts: $4.63M (15%)
Prior 7-Day Average $4.31M
Calls: $3.64M (85%)
Puts: $662.1K (15%)
Current vs Prior 7-Day Avg -85.54%
Calls: -85.85%
Puts: -83.83%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/13 10:35am) 0.24
Prior (08/07) 0.41
Current vs Prior -41.69%
Prior 7-Day Average 0.82
Current vs Prior 7-Day Avg -71.00%
Sentiment BULLISH

Open Interest

Detail
Current (08/13 10:35am) 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 4.48% | 8.25%8.25% | 14.86%
Prior 6.89% | 9.75%9.75% | 16.38%
Current vs Prior -34.98% | -15.36%-15.36% | -9.32%
Prior 7-Day Avg 7.88% | 11.39%11.60% | 17.16%
Current vs 7-Day Avg -43.16% | -27.56%-28.87% | -13.43%
Prior 7-Day Eod 6.89% | 9.75%9.24% | 17.32%
Current vs 7-Day Eod -34.98% | -15.36%-10.64% | -14.22%
Sentiment BULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 38.89% | 27.54%
Calls: 50.00% | 39.47%
Puts: 27.78% | 15.62%
Prior 28.18% | 21.70%
Calls: 28.57% | 15.62%
Puts: 27.78% | 27.78%
Current vs Prior +38.01% | +26.91%
Prior 7-Day Avg 32.43% | 35.06%
Calls: 33.28% | 23.70%
Puts: 32.34% | 37.88%
Current vs 7-Day Avg +19.92% | -21.46%
Liquidity Expensive
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🤖 AI Insights

Strong bullish conviction with 83% of dollar volume in calls ($515.7K) vs puts ($107.1K). Below-average activity with volume down 50% vs prior. Extreme bullish P/C ratio of 0.24 - heavy call buying (9,643 calls vs 2,295 puts). P/C ratio dropping 42% - 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
10:35BULLISHBULLISHBULLISH
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 9.8%, best 9.8%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.00Aug 211.451.60$1.539.8%1550.958.4K
PUTS (0)
No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 6 found (avg $0.66, cheapest $0.32)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Aug 210.600.70$0.6515.4%7410.7736.5K
$8.00Sep 180.800.95$0.8817.0%160.664.6K
PUTS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.50Aug 210.300.35$0.3215.6%3160.471.2K
$8.00Sep 180.350.40$0.3813.2%80.341.4K
$9.00Aug 280.700.85$0.7719.5%200.63242
$9.00Sep 180.851.00$0.9316.1%200.58758

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 36 found (avg delta 0.75, highest 0.95)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.00Aug 211.451.60$1.539.8%1550.958.4K
$7.00Aug 141.451.65$1.5512.9%270.95207
$7.50Aug 140.901.10$1.0020.0%1180.933.2K
$7.00Sep 41.251.65$1.4527.6%10.9261
$7.00Aug 281.301.85$1.5834.8%--0.92103
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$10.00Aug 141.201.80$1.5040.0%1000.954
$9.50Aug 140.901.20$1.0528.6%80.9511
$10.00Aug 211.351.80$1.5828.5%--0.8985
$9.00Aug 140.450.65$0.5536.4%30.7933
$10.00Sep 181.451.90$1.6726.9%--0.7746

Most actively traded options today. High liquidity = easy entry/exit. 70 active (total vol 9.1K, top 1.7K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.00Aug 140.050.10$0.0862.5%1.7K0.234.9K
$8.00Aug 210.600.70$0.6515.4%7410.7736.5K
$9.50Aug 280.150.25$0.2050.0%5930.261.0K
$8.50Aug 140.150.25$0.2050.0%5680.532.9K
$9.00Aug 210.150.25$0.2050.0%5510.3437.8K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.50Aug 140.150.20$0.1827.8%4970.472.2K
$8.50Aug 210.300.35$0.3215.6%3160.471.2K
$8.50Aug 280.400.65$0.5347.2%2210.48233
$9.00Aug 210.600.85$0.7334.2%1970.6823.2K
$7.50Aug 210.000.10$0.05200.0%1420.111.3K

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 83.0%, max 125.8%)

CALLS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$9.00Aug 14Sep 25119.3%52.8%125.8%1.7K5.0K
$8.50Aug 14Sep 2594.2%58.6%60.6%5752.9K
PUTS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$9.00Aug 14Sep 18119.3%62.2%91.7%23791
$8.50Aug 14Sep 1194.2%61.2%53.8%5002.3K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 36 found (best R:R 0.85, avg 1.78)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$7.00$7.50Sep 4$0.27$0.23$0.2792%0.85$7.27
$8.00$8.50Aug 28$0.18$0.32$0.1868%1.78$8.18
$8.00$8.50Sep 25$0.18$0.32$0.1864%1.78$8.18
$8.00$9.00Sep 18$0.43$0.57$0.4366%1.33$8.43
$7.50$8.00Sep 11$0.28$0.22$0.2879%0.79$7.78
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$9.00$8.50Sep 4$0.23$0.27$0.2361%1.17$8.77
$9.00$8.50Aug 28$0.24$0.26$0.2463%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. 18 found (best R:R 0.39, avg 0.52)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$8.50$9.00Sep 25$0.30$0.30$0.2047%1.50$8.80
$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
$8.50$9.00Aug 28$0.20$0.20$0.3048%0.67$8.70
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$8.00$7.00Sep 18$0.28$0.28$0.7266%0.39$7.72
$8.00$7.50Sep 11$0.23$0.23$0.2765%0.85$7.77
$8.00$7.50Aug 28$0.18$0.18$0.3268%0.56$7.82
$7.50$7.00Sep 25$0.15$0.15$0.3574%0.43$7.35
$8.00$7.50Sep 4$0.17$0.17$0.3365%0.52$7.83

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.16, cheapest $0.14)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$8.50Aug 14Aug 21$0.1894.2%67.6%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$8.50Aug 14Aug 21$0.1494.2%67.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 18 found (cheapest 4.48% of stock, avg 11.83%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$8.50Aug 14$0.20$0.18$0.38$8.12$8.884.48%
$8.00Aug 14$0.50$0.03$0.53$7.47$8.536.24%
$9.00Aug 14$0.08$0.55$0.63$8.37$9.637.42%
$8.50Aug 21$0.38$0.32$0.70$7.80$9.208.24%
$8.00Aug 21$0.65$0.13$0.78$7.22$8.789.19%
$9.00Aug 21$0.20$0.73$0.93$8.07$9.9310.95%
$8.00Aug 28$0.68$0.28$0.96$7.04$8.9611.31%
$8.50Aug 28$0.50$0.53$1.03$7.47$9.5312.13%
$9.00Aug 28$0.30$0.77$1.07$7.93$10.0712.60%
$8.50Sep 4$0.53$0.60$1.13$7.37$9.6313.31%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 73 found (cheapest 0.71% of stock, avg 5.16%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$10.00$7.50Aug 14$0.03$0.03$0.06$7.44$10.06
$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
$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$0.2337%1.17$7.73$9.77

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 35 found (best R:R 4.56, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$8.00$9.00$10.00Sep 18$0.18$0.8243%4.56
$8.50$9.00$9.50Aug 14$0.07$0.4345%6.14
$8.00$8.50$9.00Aug 14$0.18$0.3266%1.78
$7.00$8.00$9.00Sep 18$0.24$0.7646%3.17
$8.00$8.50$9.00Aug 21$0.09$0.4142%4.56
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$8.00$9.00$10.00Sep 18$0.19$0.8143%4.26
$8.00$8.50$9.00Aug 14$0.22$0.2868%1.27
$7.50$8.00$8.50Aug 28$0.07$0.4332%6.14
$7.00$8.00$9.00Sep 18$0.27$0.7346%2.70
$8.50$9.00$9.50Aug 14$0.13$0.3747%2.85

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 $-0.21, 31 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$7.00$8.001:2Sep 18-$0.21$0.79
$7.50$8.001:2Aug 21-$0.20$0.30
$8.00$8.501:2Aug 21-$0.11$0.39
$7.50$8.001:2Aug 28-$0.26$0.24
$8.50$9.001:2Sep 25-$0.10$0.40
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$10.00$9.001:2Sep 18-$0.19$0.81
$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. 20 found (best yield 4.71%, avg 2.92%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$9.00Sep 18$0.400.426.0%4.71%10.72%52317.1K
$8.50Sep 25$0.600.530.1%7.07%7.18%746
$10.00Sep 25$0.200.2617.8%2.36%20.14%1833
$9.00Sep 4$0.300.396.0%3.53%9.54%40522
$10.00Sep 18$0.150.2317.8%1.77%19.55%534.8K
$8.50Sep 4$0.450.510.1%5.30%5.42%9227
$8.50Sep 11$0.450.510.1%5.30%5.42%4100
$9.00Sep 11$0.250.386.0%2.94%8.95%112220
$9.00Aug 28$0.250.376.0%2.94%8.95%197646
$9.50Sep 4$0.150.2811.9%1.77%13.66%7081

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 9,643
Total Puts 2,295
Put/Call Ratio 0.24
Net Difference 7,348

Prior's Put/Call Breakdown

Total Calls 16,793
Total Puts 6,854
Put/Call Ratio 0.41
Net Difference 9,939

Prior 7-Day Put/Call Summary

Total Calls 335,936
Total Puts 115,216
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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