Tour v508
WEN
WENDYS CO A
$8.61 -0.60%
8/13 12:00

Option Volume

Detail
Current (08/13 12:00pm) 18,629
Calls: 15,426 (83%)
Puts: 3,203 (17%)
Prior (08/07) 35,240
Calls: 21,495 (61%)
Puts: 13,745 (39%)
Current vs Prior -47.14%
Calls: -28.23% (Calls)
Puts: -76.70% (Puts)
Prior 7-Day Total 453,322
Calls: 337,667 (74%)
Puts: 115,655 (26%)
Prior 7-Day Average 64,760
Calls: 48,238 (74%)
Puts: 16,522 (26%)
Current vs Prior 7-Day Avg -71.23%
Calls: -68.02%
Puts: -80.61%
Sentiment BULLISH

Dollar Volume

Detail
Current (08/13 12:00pm) $959.0K
Calls: $819.8K (85%)
Puts: $139.1K (15%)
Prior (08/07) $1.32M
Calls: $871.6K (66%)
Puts: $443.9K (34%)
Current vs Prior -27.10%
Calls: -5.94%
Puts: -68.66%
Prior 7-Day Total $30.28M
Calls: $25.63M (85%)
Puts: $4.65M (15%)
Prior 7-Day Average $4.33M
Calls: $3.66M (85%)
Puts: $664.1K (15%)
Current vs Prior 7-Day Avg -77.83%
Calls: -77.61%
Puts: -79.05%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/13 12:00pm) 0.21
Prior (08/07) 0.64
Current vs Prior -67.53%
Prior 7-Day Average 0.82
Current vs Prior 7-Day Avg -74.72%
Sentiment BULLISH

Open Interest

Detail
Current (08/13 12:00pm) 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 4.41% | 8.83%8.83% | 15.45%
Prior 6.89% | 9.75%9.75% | 16.38%
Current vs Prior -35.96% | -9.49%-9.49% | -5.72%
Prior 7-Day Avg 7.88% | 11.39%11.60% | 17.16%
Current vs 7-Day Avg -44.01% | -22.53%-23.94% | -10.00%
Prior 7-Day Eod 6.89% | 9.75%9.24% | 17.32%
Current vs 7-Day Eod -35.96% | -9.49%-4.45% | -10.82%
Sentiment BULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 39.23% | 40.17%
Calls: 40.00% | 34.88%
Puts: 38.46% | 45.45%
Prior 28.18% | 21.70%
Calls: 28.57% | 15.62%
Puts: 27.78% | 27.78%
Current vs Prior +39.21% | +85.12%
Prior 7-Day Avg 32.43% | 35.06%
Calls: 33.28% | 23.70%
Puts: 32.34% | 37.88%
Current vs 7-Day Avg +20.97% | +14.56%
Liquidity Expensive
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🤖 AI Insights

Strong bullish conviction with 85% of dollar volume in calls ($819.8K) vs puts ($139.1K). Below-average activity with volume down 47% vs prior. Extreme bullish P/C ratio of 0.21 - heavy call buying (15,426 calls vs 3,203 puts). P/C ratio dropping 68% - 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
12:00BULLISHBULLISHBULLISH
11:00BULLISHBULLISHBULLISH
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 4 of results (avg 8.4%, best 6.2%)

CALLS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.00Aug 141.551.65$1.606.2%270.95207
$7.00Sep 181.601.75$1.688.9%20.891.3K
$7.50Aug 141.051.15$1.109.1%1800.943.2K
$7.00Aug 211.551.70$1.639.2%2190.948.4K
PUTS (0)
No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 1 found (avg $0.83, cheapest $0.83)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Aug 280.750.90$0.8318.1%140.74769
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 36 found (avg delta 0.76, highest 0.99)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.00Sep 111.352.20$1.7847.8%--0.9945
$7.00Aug 281.501.80$1.6518.2%--0.95103
$7.00Aug 141.551.65$1.606.2%270.95207
$7.50Aug 141.051.15$1.109.1%1800.943.2K
$7.00Aug 211.551.70$1.639.2%2190.948.4K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$10.00Aug 141.201.80$1.5040.0%1000.944
$9.50Aug 140.751.10$0.9337.6%90.9211
$10.00Aug 211.351.55$1.4513.8%--0.8485
$10.00Sep 181.451.90$1.6726.9%--0.7646
$9.00Aug 140.400.50$0.4522.2%60.7633

Most actively traded options today. High liquidity = easy entry/exit. 72 active (total vol 14.4K, top 2.1K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$10.00Aug 210.050.15$0.10100.0%2.1K0.1620.4K
$9.00Aug 140.050.10$0.0862.5%1.9K0.254.9K
$8.00Aug 210.650.80$0.7320.5%1.1K0.7736.5K
$9.00Aug 210.150.25$0.2050.0%8190.3537.8K
$9.00Sep 180.400.55$0.4831.3%8170.4417.1K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.50Aug 140.100.15$0.1338.5%7680.382.2K
$8.50Aug 210.250.40$0.3345.5%3230.441.2K
$8.50Aug 280.350.45$0.4025.0%2710.43233
$9.00Aug 210.500.65$0.5726.3%1990.6523.2K
$7.50Aug 210.000.10$0.05200.0%1520.101.3K

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 76.2%, max 98.6%)

CALLS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$9.00Aug 14Sep 25106.4%53.6%98.6%1.9K5.0K
$8.50Aug 14Sep 2592.9%58.3%59.4%7222.9K
PUTS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$9.00Aug 14Sep 18106.4%59.8%78.0%26791
$8.50Aug 14Sep 1192.9%55.0%68.9%7722.3K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 33 found (best R:R 2.33, avg 1.68)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$8.00$8.50Sep 25$0.15$0.35$0.1567%2.33$8.15
$7.00$7.50Sep 4$0.33$0.17$0.3392%0.52$7.33
$8.00$9.00Sep 18$0.47$0.53$0.4768%1.13$8.47
$7.50$8.00Sep 11$0.33$0.17$0.3384%0.52$7.83
$8.50$9.00Sep 11$0.15$0.35$0.1552%2.33$8.65
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$9.00$8.50Aug 21$0.24$0.26$0.2465%1.08$8.76
$8.00$7.50Sep 25$0.13$0.37$0.1333%2.85$7.87
$8.50$8.00Sep 4$0.18$0.32$0.1844%1.78$8.32
$9.00$8.50Aug 14$0.32$0.18$0.3276%0.56$8.68
$8.00$7.50Aug 28$0.10$0.40$0.1026%4.00$7.90

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 15 found (best R:R 0.37, avg 0.46)

BEAR CALL (4)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$9.00$9.50Sep 4$0.18$0.18$0.3259%0.56$9.18
$9.00$9.50Sep 11$0.15$0.15$0.3562%0.43$9.15
$9.00$10.00Sep 18$0.28$0.28$0.7256%0.39$9.28
$9.50$10.00Sep 25$0.13$0.13$0.3765%0.35$9.63
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$8.00$7.00Sep 18$0.27$0.27$0.7369%0.37$7.73
$7.50$7.00Sep 25$0.15$0.15$0.3576%0.43$7.35
$8.50$8.00Aug 21$0.20$0.20$0.3056%0.67$8.30
$8.00$7.50Sep 4$0.15$0.15$0.3570%0.43$7.85
$8.50$8.00Aug 28$0.20$0.20$0.3057%0.67$8.30

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.19, cheapest $0.18)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$8.50Aug 14Aug 21$0.1892.9%72.5%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$8.50Aug 14Aug 21$0.2092.9%72.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 18 found (cheapest 4.41% of stock, avg 11.50%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$8.50Aug 14$0.25$0.13$0.38$8.12$8.884.41%
$9.00Aug 14$0.08$0.45$0.53$8.47$9.536.16%
$8.00Aug 14$0.63$0.03$0.66$7.34$8.667.67%
$8.50Aug 21$0.43$0.33$0.76$7.74$9.268.83%
$9.00Aug 21$0.20$0.57$0.77$8.23$9.778.94%
$8.00Aug 21$0.73$0.13$0.86$7.14$8.869.99%
$8.50Aug 28$0.55$0.40$0.95$7.55$9.4511.03%
$9.00Aug 28$0.30$0.70$1.00$8.00$10.0011.61%
$8.00Aug 28$0.83$0.20$1.03$6.97$9.0311.96%
$8.50Sep 4$0.57$0.48$1.05$7.45$9.5512.20%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 67 found (cheapest 0.70% of stock, avg 4.99%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$10.00$7.50Aug 14$0.03$0.03$0.06$7.44$10.06
$9.50$8.00Aug 14$0.03$0.03$0.06$7.94$9.56
$9.50$7.50Aug 14$0.03$0.03$0.06$7.44$9.56
$10.00$8.00Aug 14$0.03$0.03$0.06$7.94$10.06
$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
$10.00$7.00Aug 21$0.10$0.03$0.13$6.87$10.13
$10.00$7.50Aug 21$0.10$0.05$0.15$7.35$10.15
$9.50$7.00Aug 21$0.15$0.03$0.18$6.82$9.68
$9.50$8.50Aug 14$0.03$0.13$0.16$8.34$9.66

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 2 found (best R:R 1.27, avg credit $0.27)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
7/810/10Sep 25$0.28$0.2242%1.27$7.22$9.78
8/810/10Sep 25$0.26$0.2432%1.08$7.74$9.76

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 35 found (best R:R 4.26, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$8.00$9.00$10.00Sep 18$0.19$0.8145%4.26
$8.00$8.50$9.00Aug 21$0.07$0.4342%6.14
$8.50$9.00$9.50Aug 14$0.12$0.3853%3.17
$7.00$8.00$9.00Sep 18$0.26$0.7445%2.85
$8.00$8.50$9.00Aug 14$0.21$0.2965%1.38
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$7.00$8.00$9.00Sep 18$0.23$0.7746%3.35
$8.00$8.50$9.00Aug 14$0.22$0.2866%1.27
$8.50$9.00$9.50Aug 14$0.16$0.3454%2.12
$7.00$7.50$8.00Sep 11$0.05$0.4523%9.00
$7.50$8.00$8.50Sep 11$0.07$0.4328%6.14

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 37 found (best net $-0.22, 28 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$7.00$8.001:2Sep 18-$0.22$0.78
$7.50$8.001:2Aug 14-$0.16$0.34
$8.00$8.501:2Aug 21-$0.13$0.37
$8.00$8.501:2Sep 11-$0.10$0.40
$7.50$8.001:2Aug 21-$0.28$0.22
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$9.00$8.501:2Aug 21-$0.09$0.41
$9.00$8.501:2Aug 28-$0.10$0.40
$9.00$8.501:2Sep 4-$0.13$0.37
$10.00$9.501:2Aug 14-$0.36$0.14
$8.50$8.001:2Sep 11-$0.11$0.39

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 15 found (best yield 3.48%, avg 2.32%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$9.50Sep 25$0.300.3510.3%3.48%13.82%--50
$9.00Sep 18$0.400.444.5%4.65%9.18%81717.1K
$10.00Sep 25$0.150.2616.1%1.74%17.89%3833
$10.00Sep 18$0.150.2316.1%1.74%17.89%5714.8K
$9.00Sep 25$0.300.434.5%3.48%8.01%--88
$9.00Sep 4$0.300.414.5%3.48%8.01%53522
$10.00Sep 11$0.150.2216.1%1.74%17.89%59577
$9.00Aug 28$0.250.404.5%2.90%7.43%239646
$9.50Aug 28$0.150.2810.3%1.74%12.08%5961.0K
$9.00Sep 11$0.250.384.5%2.90%7.43%112220

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 15,426
Total Puts 3,203
Put/Call Ratio 0.21
Net Difference 12,223

Prior's Put/Call Breakdown

Total Calls 21,495
Total Puts 13,745
Put/Call Ratio 0.64
Net Difference 7,750

Prior 7-Day Put/Call Summary

Total Calls 337,667
Total Puts 115,655
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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