Wendy's (WEN)
Wendy's Max Pain By Strike
WEN trades at $10.61, 6.1% above the near-term max pain of $10 expiring Sep 19, 2025 (20 days). Expect downward pressure as dealers benefit from price declining toward max pain. 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 10.61. 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 | -0.61 (-5.75%) |
| Oct 17, 2025 | 10 | -0.61 (-5.75%) |
| Nov 21, 2025 | 11 | 0.39 (3.68%) |
| Jan 16, 2026 | 12 | 1.39 (13.10%) |
| Feb 20, 2026 | 11 | 0.39 (3.68%) |
| Jan 15, 2027 | 10 | -0.61 (-5.75%) |
| Dec 17, 2027 | 8 | -2.61 (-24.60%) |