IT WEN Cover

Interesting Trades on My Radar: $WEN

Wendy's (WEN) is on some run. Right before a big week for them, Options buyers are active. What are they playing and how are they playing it? Take a look.


Unusual Call Options Activity in WEN

WEN is now officially on the radar as more than 17,000 Options traded today. You can how lopsided the trades were, with 98% of the activity on the Call side (Click the image to get more data). 

IT WEN Options Data

FREE Data! Click the image to get Free Unusual Options Activity data with filters. This is the best place I could find for easy to navigate information. Please keep in mind that this is an affiliate link. I have vetted the site and I am a full subscriber. It's awesome!

Specifically, you can see they are looking at March options where the $24, $25, and $26 options are active. More than 7,000 traded in the $25s Calls. 

IT WEN New Options Chain

These $25 Calls at a little $0.58 imply a Target Stock Price of $27. (If you are wondering about the shaded vs non-shaded area, watch this video CLICK HERE) That's another 14% or so higher. Check out the chart below:

IT WEN Stock Chart

Can it really get there?
What do you think?
Comment below.

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About the Author Felix Frey

As a Wall Street Veteran, Options Expert, and founder of OptionsGeek, Felix has found a way to simplify options. He's on a mission to close the knowledge gap between the Top 1% and everyone else.