Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
WEN options intelligence
The Wendy’s Co options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
48
Market data through 29 Jul 2026
Checked 30 Jul 2026 03:44 · complete available chain
Volatility expansion watch
Volatility pressure
WEN currently carries volatility options pressure with a 48/100 conviction score. The nearest-chain expected move is 9.4%, with volume/open-interest participation at 0.02.
Expected move
9.4%
Wider near-term move priced
Activity / OI
0.02
Current volume is quieter versus prior open interest
Put-call
0.20
Call-side skew
Trend fit
0
Options are not fully confirming trend
Weekly backdrop
-9.9%
RS -20.1
Expected move
9.4%
Put-call volume
0.20
Volume / OI
0.02
Reference IV
1.00
Max pain
7.50
Underlying
6.99
Nearest expiry
31 Jul 2026
Contracts
512
Options Intent Radar
Earnings/event positioning
Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.
Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $863274 of estimated gross traded notional, calls · 0-7 days · 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.
Options pressure+72
1W price-9.9%
Call premium89%
Put premium11%
Notional split
C 89% / P 11%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.02
Volume divided by open interest across the visible chain.
Trend fit
0/100
Agreement between options pressure and Sharemaestro market context.
Event window
7 Aug
Matched earnings event is 8 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Calls · 0-7 days · ITM
calls cluster with 1007 contracts traded, $393750 estimated gross traded notional, and 46% of visible notional.
$393750
Calls · 8-21 days · OTM
calls cluster with 3861 contracts traded, $104397 estimated gross traded notional, and 12% of visible notional.
$104397
Calls · 91+ days · OTM
calls cluster with 1017 contracts traded, $65882 estimated gross traded notional, and 8% of visible notional.
$65882
Calls · 22-45 days · OTM
calls cluster with 2194 contracts traded, $60546 estimated gross traded notional, and 7% of visible notional.
$60546
Puts · 0-7 days · ITM
puts cluster with 538 contracts traded, $38112 estimated gross traded notional, and 4% of visible notional.
$38112
Setup Classification
Opportunity and risk frame
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
Options positioning is not confirming the underlying trend context.
Activity Anomaly
Normal range
Activity is broadly in line with recent stored snapshots.
Volume rank0th
Volume/OI rank0th
IV rank100th
Market Context
Underlying confirmation
Close6.99
1W-9.9%
RS-20.1
Fair value-44.8%
Options pressure72
Speculation41
Volatility93
Trend fit0
Today Versus Normal
Stored-options context
30d avg 9.9% · 1 read
0th
90d avg 9.9% · 1 read
0th
180d avg 9.9% · 1 read
0th
30d avg 0.56 · 1 read
100th
90d avg 0.56 · 1 read
100th
180d avg 0.56 · 1 read
100th
30d avg 0.13 · 1 read
100th
90d avg 0.13 · 1 read
100th
180d avg 0.13 · 1 read
100th
30d avg 0.02 · 1 read
0th
90d avg 0.02 · 1 read
0th
180d avg 0.02 · 1 read
0th
Pressure Trail
Recent pressure and volatility
29 Jul 11:07
Volatility
Pressure 83
Move 9.9%
30 Jul 02:44
Volatility
Pressure 72
Move 9.4%
Strike Map
Where activity is clustering
Strike2.50
Calls · V 1 · OI 30
Puts · V 0 · OI 15
Strike3.00
Calls · V 2 · OI 37
Puts · V 0 · OI 24
Strike3.50
Calls · V 482 · OI 34
Puts · V 0 · OI 15
Strike4.00
Calls · V 481 · OI 35
Puts · V 0 · OI 28
Strike4.50
Calls · V 0 · OI 38
Puts · V 0 · OI 11
Strike5.00
Calls · V 2 · OI 78
Puts · V 1 · OI 26
Strike5.50
Calls · V 8 · OI 6
Puts · V 0 · OI 85
Strike6.00
Calls · V 21 · OI 55
Puts · V 0 · OI 692
Term Structure
Expiration activity
Expiry31 Jul 2026
Contracts60
Avg IV1.00
Put-call0.23
Expiry7 Aug 2026
Contracts56
Avg IV0.94
Put-call0.06
Expiry14 Aug 2026
Contracts54
Avg IV0.72
Put-call0.29
Expiry21 Aug 2026
Contracts60
Avg IV0.59
Put-call0.24
Expiry28 Aug 2026
Contracts46
Avg IV0.66
Put-call0.18
Skew
Call/put IV balance
31 Jul 2026Put IV premium
Call IV0.91
Put IV1.24
Skew0.33
7 Aug 2026Call IV premium
Call IV0.81
Put IV0.59
Skew-0.22
14 Aug 2026Call IV premium
Call IV0.71
Put IV0.44
Skew-0.26
21 Aug 2026Call IV premium
Call IV0.80
Put IV0.38
Skew-0.42
28 Aug 2026Balanced skew
Call IV0.73
Put IV0.68
Skew-0.05
Contract Tape
Most active contracts
ContractWEN260807C00008000
SideCall
Expiry7 Aug 2026
Strike8.00
Volume3035
OI2867
IV0.87
ContractWEN260731C00007500
SideCall
Expiry31 Jul 2026
Strike7.50
Volume1150
OI2872
IV0.73
ContractWEN260821C00009000
SideCall
Expiry21 Aug 2026
Strike9.00
Volume1031
OI33537
IV0.80
ContractWEN260731C00008000
SideCall
Expiry31 Jul 2026
Strike8.00
Volume819
OI3737
IV0.91
ContractWEN260821C00008000
SideCall
Expiry21 Aug 2026
Strike8.00
Volume685
OI42341
IV0.71
ContractWEN260731C00003500
SideCall
Expiry31 Jul 2026
Strike3.50
Volume482
OI34
IV7.48
ContractWEN260731C00004000
SideCall
Expiry31 Jul 2026
Strike4.00
Volume481
OI35
IV6.38
ContractWEN260731P00007500
SidePut
Expiry31 Jul 2026
Strike7.50
Volume388
OI877
IV0.74
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
No recent market-watch posts yet.
Earnings
Plain English Guide
Options context
What usually looks constructive
What usually looks cautious
Options can move quickly and can lose value fast. Treat this as research context, not a buy or sell instruction.