Wendy's (WEN) Options Chain

NASDAQ: WENConsumer DiscretionaryRestaurantsUSD

6.23+0.01 (+0.16%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Dec 15, 2028
Days to expiration: 796
Share price: $6.23
Put/call ratio (OI): 0.08
Put/call ratio (volume): 0.33
ATM implied volatility: 46.5%
Expected move: ±$4.27
Open interest (C / P): 33.03K / 2.67K

WEN options summary

The WEN options chain for the December 15, 2028 expiration lists 7 call and 7 put contracts, with 796 days until expiration. Open interest stands at 33,027 calls and 2,666 puts, a put/call ratio of 0.08, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $7.00 strike is 46.5%, which implies the market expects a move of about ±$4.27 (68.6%) in Wendy's stock by expiration.

The most open interest sits at the $10.00 call (12.77K contracts) and the $7.00 put (1.47K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

WEN options chain · December 15, 2028

WEN calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
222	1	50.7%	3.33	3.10	3.50	3.00	0.20	0.30	0.25	52.7%	1	56
7,468	2	58.5%	2.05	1.80	2.55	5.00	0.85	1.00	0.91	47.7%	11	816
WEN $6.23
4,201	91	48.8%	1.40	1.20	1.50	7.00	1.70	2.10	2.04	44.1%	6	1,467
12,767	8	49.0%	0.71	0.65	0.85	10.00	3.80	4.50	4.10	45.6%	13	285
540	3	55.2%	0.43	0.30	0.80	12.00	5.60	6.20	5.32	43.6%	2	27
6,225	1	51.3%	0.27	0.25	0.60	15.00	8.30	9.20	8.50	51.6%	1	12
1,604	1	53.5%	0.25	0.20	0.55	17.00	5.50	10.50	11.20	—	1	3

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the WEN put/call ratio?

For the December 15, 2028 expiration, the WEN put/call ratio based on open interest is 0.08 (2,666 puts vs 33,027 calls), and 0.33 based on today's volume. A ratio above 1 means more puts than calls.

What is WEN's implied volatility?

At-the-money implied volatility for WEN options expiring December 15, 2028 is about 46.5%, an annualized estimate of how much the market expects Wendy's stock to move.

How many WEN option expiration dates are there?

WEN has 13 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.