Options Brief: Wendy’s Arby’s Group (WEN)

WEN – Wendy’s Arby’s Group Inc. – The owner and franchisor of Wendy’s and Arby’s restaurants popped up on our ‘hot by options volume’ market scanner due to bullish activity in the November contract. WEN’s shares climbed more than 5.3% during the first half of the day to trade at $4.16. Options traders hungry for continued bullish movement in the price of the underlying stock purchased 2,000 calls at the November $5.0 strike for an average premium of $0.30 per contract. Investors long the calls are positioned to profit should WEN’s shares surge 27.4% in the next four months to surpass the average breakeven price of $5.30 by November expiration day.

About Andrew Wilkinson 1023 Articles

Affiliation: Interactive Brokers

Andrew Wilkinson is the senior market analyst at Interactive Brokers Group, where he provides daily commentary and analysis on U.S. equity options trading throughout the trading day. Andrew provides webinars designed to explain option-related trading scenarios covering futures, fixed income, forex and equities.

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