{"latest_run": "2026-07-30T20:50:00.022982+00:00", "coverage_count": 6116, "result_count": 1, "page": 1, "pages": 1, "filters": {"q": "", "ticker": "WEN", "sector": "", "industry": "", "direction": "", "min_score": 0, "page": 1}, "summary": {"total": 1, "avg_conviction": 47.43, "avg_conviction_label": "47.4", "bullish": 0, "bearish": 0, "volatility": 1, "mixed": 0, "leader": "WEN", "leader_score": "47", "leader_direction": "volatility", "leader_direction_label": "Volatility", "leader_tone": "warning", "leader_read": "The strongest current read is about a larger expected move, not a clean up-or-down direction."}, "charts": {"sectors": [{"ticker__sector": "Consumer Cyclical", "count": 1, "avg_score": "47.43", "sector_label": "Consumer Cyclical", "industry_label": "", "sector_url": "/structure/us/consumer-cyclical/", "industry_url": "", "bar_width": 100.0}], "directions": [{"direction": "volatility", "count": 1, "bar_width": 100.0}], "score_bands": [{"slug": "80-plus", "label": "80+", "min": "80", "max": null, "title": "80+ conviction options signals", "summary": "The strongest current options reads, where pressure, participation, volatility context, and trend fit are most aligned.", "count": 0, "url": "/options/conviction/80-plus/", "bar_width": 0.0}, {"slug": "60-79", "label": "60-79", "min": "60", "max": "80", "title": "60-79 conviction options signals", "summary": "Strong options setups with meaningful evidence, usually worth deeper confirmation in the ticker detail and weekly chart.", "count": 0, "url": "/options/conviction/60-79/", "bar_width": 0.0}, {"slug": "40-59", "label": "40-59", "min": "40", "max": "60", "title": "40-59 conviction options signals", "summary": "Developing options reads where the tape is active, but one or more confirmation layers still need context.", "count": 1, "url": "/options/conviction/40-59/", "bar_width": 100.0}, {"slug": "under-40", "label": "<40", "min": null, "max": "40", "title": "Under 40 conviction options signals", "summary": "Early, mixed, or lower-conviction options reads that can still be useful as watchlist context.", "count": 0, "url": "/options/conviction/under-40/", "bar_width": 0.0}]}, "signals": [{"symbol": "WEN", "name": "The Wendy\u2019s Co", "exchange": "NASDAQ", "country": "US", "currency": "USD", "sector": "Consumer Cyclical", "industry": "Restaurants", "sector_url": "https://sharemaestro.com/structure/us/consumer-cyclical/", "industry_url": "https://sharemaestro.com/structure/us/consumer-cyclical/restaurants/", "direction": "volatility", "direction_label": "Volatility", "tone": "warning", "conviction_score": 47.43, "options_pressure_score": 71.54, "trend_confirmation_score": 0.0, "speculation_score": 40.54, "volatility_score": 84.61, "edge_label": "Volatility expansion watch", "insight": "WEN shows volatility options pressure with a 47/100 conviction score, put-call volume ratio of 0.20, expected move of 7.2%, and Sharemaestro trend signal inactive.", "fetched_at": "2026-07-30T17:55:23.923490+00:00", "snapshot": {"fetched_at": "2026-07-30T17:55:23.923490+00:00", "underlying_price": 6.99, "total_contracts": 393, "call_contracts": 231, "put_contracts": 162, "call_volume": 11393, "put_volume": 2321, "call_open_interest": 383046, "put_open_interest": 211026, "put_call_volume_ratio": 0.20372158, "put_call_open_interest_ratio": 0.55091556, "volume_open_interest_ratio": 0.02308474, "avg_implied_volatility": 1.16015959, "max_pain_strike": 7.5, "expected_move_percent": 7.15307582, "nearest_expiration": "2026-07-31"}, "market": {"latest_close": 6.99, "one_week_change": -9.922680412371134, "one_week_change_label": "-9.9%", "relative_strength": -20.06807, "fair_value_gap_label": "-44.8%", "trend_signal": "0"}, "premium_flags": [{"label": "Persistent pressure", "value": "3x", "detail": "Volatility pressure has repeated across recent market sessions."}, {"label": "Priced move", "value": "7.2%", "detail": "Options are pricing a wider near-term move."}, {"label": "Trend conflict", "value": "0", "detail": "Options positioning is not confirming the underlying trend context."}], "intent": {"slug": "earningsevent-positioning", "label": "Earnings/event positioning", "tone": "warning", "confidence": 86.2, "confidence_label": "86/100", "summary": "Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.", "evidence": [{"label": "Notional split", "value": "C 61% / P 39%", "detail": "Estimated gross traded notional uses volume \u00d7 contract multiplier \u00d7 midpoint, or last price when no valid midpoint is available."}, {"label": "Freshness", "value": "0.02", "detail": "Volume divided by open interest across the visible chain."}, {"label": "Trend fit", "value": "0/100", "detail": "Agreement between options pressure and Sharemaestro market context."}, {"label": "Event window", "value": "7 Aug", "detail": "Matched earnings event is 7 days away."}], "watchouts": ["Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction."]}, "flow_divergence": {"label": "Volatility flow versus price", "tone": "warning", "score": 69.3, "score_label": "69/100", "summary": "Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.", "metrics": [{"label": "Options pressure", "value": "+72"}, {"label": "1W price", "value": "-9.9%"}, {"label": "Call premium", "value": "61%"}, {"label": "Put premium", "value": "39%"}]}, "conviction_clusters": [{"label": "Calls \u00b7 0-7 days \u00b7 ITM", "tone": "positive", "volume": 811, "open_interest": 406, "premium": 298410.0, "premium_label": "$298410", "premium_share": 26.672112934379328, "weighted_strike": 3.7706535141800246, "avg_iv": 4.144099696666666, "max_voi": 7.16363636, "why": "calls cluster with 811 contracts traded, $298410 estimated gross traded notional, and 27% of visible notional."}, {"label": "Puts \u00b7 91+ days \u00b7 ITM", "tone": "negative", "volume": 349, "open_interest": 10733, "premium": 281397.5, "premium_label": "$281398", "premium_share": 25.15152273533731, "weighted_strike": 15.277936962750717, "avg_iv": 0.6567589, "max_voi": 2.4, "why": "puts cluster with 349 contracts traded, $281398 estimated gross traded notional, and 25% of visible notional."}, {"label": "Calls \u00b7 91+ days \u00b7 OTM", "tone": "positive", "volume": 3941, "open_interest": 153849, "premium": 128112.0, "premium_label": "$128112", "premium_share": 11.450748072280433, "weighted_strike": 19.584876934788124, "avg_iv": 0.6806259159574468, "max_voi": 4.49626308, "why": "calls cluster with 3941 contracts traded, $128112 estimated gross traded notional, and 11% of visible notional."}, {"label": "Calls \u00b7 8-21 days \u00b7 OTM", "tone": "positive", "volume": 4336, "open_interest": 21581, "premium": 87676.0, "premium_label": "$87676", "premium_share": 7.836547614472176, "weighted_strike": 8.202952029520295, "avg_iv": 1.66325138875, "max_voi": 0.66535665, "why": "calls cluster with 4336 contracts traded, $87676 estimated gross traded notional, and 8% of visible notional."}, {"label": "Puts \u00b7 22-45 days \u00b7 ITM", "tone": "negative", "volume": 192, "open_interest": 9838, "premium": 83555.0, "premium_label": "$83555", "premium_share": 7.4682094977784415, "weighted_strike": 11.692708333333334, "avg_iv": 1.3099491615384615, "max_voi": 15.0, "why": "puts cluster with 192 contracts traded, $83555 estimated gross traded notional, and 7% of visible notional."}], "why_this_matters": "Earnings/event positioning matters because it connects the options headline to the actual evidence: $1.1M of estimated gross traded notional, calls \u00b7 0-7 days \u00b7 itm, and a volatility flow versus price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.", "detail_url": "https://sharemaestro.com/options/ticker/c9197317-d216-462a-9130-427c69a0f4c5/", "research_links": {"chart": "/terminal/c9197317-d216-462a-9130-427c69a0f4c5/", "report": "/terminal/c9197317-d216-462a-9130-427c69a0f4c5/report/", "factor": "/factors/ticker/c9197317-d216-462a-9130-427c69a0f4c5/", "insider": "/insider-activity/company/wen/"}}], "disclaimer": "Educational market research only. Not financial, investment, trading, tax, or legal advice."}