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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.
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).
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.
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:
Can it really get there?
What do you think?
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