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Wendy’s call volume above normal and directionally bullish

Bullish option flow detected in Wendy’s (WEN) with 20,692 calls trading, 6x expected, and implied vol increasing almost 6 points to 50.67%. Nov-25 10 calls and Nov-25 11 calls are the most active options, with total volume in those strikes near 14,600 contracts. The Put/Call Ratio is 0.03. Earnings are expected on November 7th.

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