Wendy's (WEN)
Wendy's Max Pain By Strike
WEN trades at $10.06, pinned near the near-term max pain of $10 expiring Sep 19, 2025 (11 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($8-$12), signaling increased put positioning or downside protection. Key magnetic zone at 10 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 8, indicating bearish sentiment or hedging activity. The 39% spread signals divergent expectations across timeframes. Levels distributed around 10.06. Strong magnetic level at 10 (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 |
|---|---|---|
| Sep 19, 2025 | 10 | -0.06 (-0.55%) |
| Oct 17, 2025 | 10 | -0.06 (-0.55%) |
| Nov 21, 2025 | 11 | 0.94 (9.39%) |
| Jan 16, 2026 | 12 | 1.94 (19.34%) |
| Feb 20, 2026 | 11 | 0.94 (9.39%) |
| Jan 15, 2027 | 10 | -0.06 (-0.55%) |
| Dec 17, 2027 | 8 | -2.06 (-20.44%) |