# WEN: options-positioning snapshot

Canonical: https://halfonadouble.com/stock/WEN
Data through: 2026-10-16 close
Publisher: Half on a Double

| Published field | Value |
| --- | --- |
| Close (USD/share) | 6.70 |
| Delta neutral (USD/share) | 5.77 |
| Gamma neutral (USD/share) | 6.70 |
| Gamma max (USD/share) | 7.74 |
| Open interest (contracts) | 321,347 |
| Nearest-expiration max pain (USD/share) | 6.50 (2026-10-23) |
| All-expiration max pain (USD/share) | 7.00 |
| Net gamma exposure | 14,272,219 |
| Call wall (USD/share) | 8.00 |
| Put wall (USD/share) | 7.00 |
| Put/call open-interest ratio | 0.20 |
| Options catalyst-intensity score (0–100) | 37.6 |
| Options directional score (-100 to +100) | 34.4 |
| IV rank | 51.5 |
| Front-minus-back IV | -0.8 pp |
| Front 25-delta risk reversal | -6.9 pp |
| Call OI change, 1 session | -12,556 contracts · -4.5% |
| Put OI change, 1 session | -2,064 contracts · -3.7% |
| Call minus put OI growth, 1 session | -0.8 pp |
| Call OI change, 5 sessions | -9,082 contracts · -3.3% |
| Put OI change, 5 sessions | -944 contracts · -1.7% |
| Call minus put OI growth, 5 sessions | -1.6 pp |
| Daily call OI change surprise | -0.76σ (252 prior changes) |
| Daily put OI change surprise | -0.06σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.02σ (252 prior changes) |
| Daily open interest change (contracts) | -14,620 |
| Daily open interest change z-score (prior 252) | -0.38σ (252 prior changes) |
| Gamma max distance from close | +15.5% |
| Delta neutral distance from close | -13.9% |
| Prior-year sessions closer to gamma max | 27.8% of 252 |
| Prior-year sessions closer to delta neutral | 89.3% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 11 | -0.6% | -1.2% to +0.8% | 45% | -1.5% to +1.2% | 0.0% |
| above | Day +3 | 11 | +0.3% | -1.8% to +1.9% | 55% | -2.3% to +2.7% | 0.0% |
| above | Day +5 | 11 | -0.5% | -1.7% to +0.3% | 36% | -2.2% to +0.4% | 0.0% |
| above | Day +10 | 11 | +0.4% | -2.0% to +3.0% | 55% | -2.6% to +3.8% | 0.0% |
| below | Day +1 | 10 | +0.7% | -0.6% to +1.4% | 60% | -0.9% to +2.2% | 0.0% |
| below | Day +3 | 10 | +0.8% | -0.4% to +1.7% | 70% | -1.0% to +2.4% | 0.0% |
| below | Day +5 | 10 | +0.4% | -0.0% to +2.5% | 60% | -0.4% to +5.1% | 0.0% |
| below | Day +10 | 10 | +0.7% | -3.6% to +1.8% | 60% | -5.2% to +4.6% | 0.0% |

Returns are close-to-close after the labelled number of subsequent trading sessions. Cohorts require gamma max to be within 10% of the close on both crossing sessions. Historical windows can overlap and are not independent observations, so interval coverage is not guaranteed.

- [Machine-readable snapshot](https://halfonadouble.com/api/v1/tickers/WEN.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/WEN.csv)
- [Public aggregate analysis](https://halfonadouble.com/api/v1/analysis/WEN.json?date=2026-10-16&public_schema=4)

An em dash means unavailable, not zero. Values use the same display rounding as the HTML page. This is a current snapshot; full history and individual event paths are on the canonical page.

[Definitions and limitations](https://halfonadouble.com/methodology.md).