8.18K calls and 2.58K puts traded on Nov 4, 2026, 10.75K contracts in total. Open interest was 357.73K contracts. Over the past 30 days, volume averaged 8.41K contracts per day. The WEN option volume chart shows volume by strike and expiration date.

Wendy's IV rank is 18, so its 30-day implied volatility of 47.6% is near the bottom of its one-year range. Over the past year it ranged from 28.1% on Dec 30, 2025 to 136.4% on Jun 24, 2026. See the WEN implied volatility history for a longer view.

The Wendy's put/call volume ratio was 0.31 on Nov 4, 2026, so calls outnumber puts. The put/call open interest ratio was 0.24. The WEN open interest chart shows calls and puts at each strike.

As of the Nov 4, 2026 close, max pain for Wendy's options about one week from expiration was $6.64, 13.1% below the $7.64 close. The WEN max pain chart shows it for every expiration date.

Based on 7-day implied volatility of 59.8%, options price a move of about ±$0.63 (±8.3%) over the next week, a range of roughly $7.01 to $8.27 from the Nov 4, 2026 close. The WEN expected move chart shows it for every expiration date.