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Put Traders Eat Up Wendy's Stock Before Earnings
WENWendy’s(WEN) Schaeffers Investment Research·2025-05-01 02:24

Wendy's Co (NASDAQ:WEN) will announce first-quarter earnings before the open on Friday, May 2. Options traders are chiming in ahead of the event, with 10,000 puts and 5,491 calls exchanged so far today, which is 6 times the intraday average amount. The most popular contract is the August 15 put, followed by the 18 call in that same series.Today's penchant for bearish bets points to a sentiment shift. Over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX ...