Wendy's (WEN)
Wendy's Max Pain By Strike
WEN trades at $10.54, 4.2% below the near-term max pain of $11 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($2-$12), signaling increased put positioning or downside protection. Key magnetic zone at 11 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Wendy's Max Pain By Expiry
Max pain for WEN shows a downward trend from 12 to 2, indicating bearish sentiment or hedging activity. The 107% spread signals divergent expectations across timeframes. Levels distributed around 10.54. Strong magnetic level at 11 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Aug 15, 2025 | 11 | 0.46 (4.41%) |
| Sep 19, 2025 | 10 | -0.54 (-5.08%) |
| Oct 17, 2025 | 2 | -8.54 (-81.02%) |
| Nov 21, 2025 | 11 | 0.46 (4.41%) |
| Jan 16, 2026 | 12 | 1.46 (13.91%) |
| Feb 20, 2026 | 11 | 0.46 (4.41%) |
| Jan 15, 2027 | 10 | -0.54 (-5.08%) |
| Dec 17, 2027 | 8 | -2.54 (-24.06%) |