In Thursday’s Blitz Daily with Lance Ippolito, we take a look at fast food retailer Wendy’s as shares continue to breakout.
Markets are ripping higher Thursday with some fantastic moves in most stocks…
Shares of Albertsons are up around 3.5% since our feature from Tuesday’s Blitz Daily. Those June 17 expiration, $28 strike calls were up over $3 last I checked — if you took the trade, reply directly to this email and let me know how you did!
Wendy’s is another stock that’s been tearing up the charts over the past two days after Trian Fund management — the company’s largest shareholder — announced it is on the hunt for a potential acquisition.
The news sparked a 15%, two-day rally with bullish traders piling into shares and call options.
Thursday saw institutional traders order up the June 17, $18 calls — grabbing around 1,300 contracts for $150,000 in premium!
And that wasn’t the only name seeing unusually heavy options buying during Thursday’s session. I have three more hot trades waiting inside…
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