Wendy's (WEN)
NASDAQ: WEN
· Real-Time Price · USD
10.36
-0.16 (-1.52%)
At close: Aug 26, 2025, 1:48 PM
WEN Delta Exposure By Expiry
The total Delta Exposure (DEX) for WEN across all expirations shows 15,268.56 net shares that market makers must hedge, with 255,252.03 from calls and 239,983.47 from puts. The put-call delta ratio of 0.94 suggests neutral market maker positioning. The largest delta concentration at Nov 21, 25 with -48,254.66 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Sep 19, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
WEN DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 68,035.03 | -37,866.42 | 30,168.61 | 0.56 |
| Oct 17, 25 | 12,685.82 | -361 | 12,324.82 | 0.03 |
| Nov 21, 25 | 43,173.02 | -91,427.68 | -48,254.66 | 2.12 |
| Jan 16, 26 | 47,992.86 | -90,451.59 | -42,458.73 | 1.88 |
| Feb 20, 26 | 20,581.67 | -8,089.09 | 12,492.58 | 0.39 |
| Jan 15, 27 | 45,434.15 | -8,979.61 | 36,454.54 | 0.20 |
| Dec 17, 27 | 17,349.48 | -2,808.08 | 14,541.4 | 0.16 |