Bearish flow noted in Wendy’s (WEN) with 20,094 puts trading, or 38x expected. Most active are 2/6 weekly 7.5 puts and Jan-26 8.5 calls, with total volume in those strikes near 20,700 contracts. The Put/Call Ratio is 11.77, while ATM IV is up nearly 3 points on the day. Earnings are expected on February 12th.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WEN: