Bullish option flow detected in Wendy’s (WEN) with 20,266 calls trading, 9x expected, and implied vol increasing almost 5 points to 48.38%. May-26 8 calls and Jun-26 8 calls are the most active options, with total volume in those strikes near 7,800 contracts. The Put/Call Ratio is 0.24. Earnings are expected on August 7th.
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