Wendy’s Options Active as Shares Rise

Shares of Wendy’s Company (WEN) were up in trading on Wednesday after being upgraded by Wedbush. However, shares slumped after a gap open to settle up +1.10% for the session and closing at 16.58.

Call options were particularly active for the 17 strike price over the  last two days, so it is possible that traders are making bullish bets on the stock going into late January. Keep an eye on WEN for further activity.