Bullish option flow detected in Wendy’s (WEN) with 54,941 calls trading, 12x expected, and implied vol increasing almost 14 points to 46.66%. May-26 9 calls and 12/5 weekly 8.5 calls are the most active options, with total volume in those strikes near 25,600 contracts. The Put/Call Ratio is 0.04. Earnings are expected on February 12th.
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