RetroFedWEN MOON? Well next Friday by the look of the option structure
Good day sirs and mamas. I have been tracking the options activity on our jovial mascot Wendys. Things are starting to look good here wanted to share some metrics I’m following. The cost to borrow (short) went from 3% to 34% since we started poking the bears. There are about 200,000 open puts for next week between 6.5-8.5. Most of them out of the money. There’s going to be mechanical buy pressuring into next week as the delta on those puts goes to 0. There’s also a fuck ton of calls in the august chain and some even further out. It looks like this pos has everything it needs to squeeze. If the 8.5p go OTM before next Friday it should light the candle. Either way boys we must fight for our mascot and our tendies or else its ZJ’s behind WENdys. If you are wondering if this is a pump and dump or a real squeeze potential, the options structure suggests a real structured move here.
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Wtf is this wall of text… i aint reading that shit
All i need to know is, symbol, strike price, expiry, and rocket emoji… and i’m in!!!
$WEN $7c July 31 is what I decided to go with, that way I can exercise them and really squeeze the bears. The $8p July 11 was a cheap hedge, and uhh lots of shares, you gotta hold the shares and keep buying the pivots. squeeze. gay ber
Coworker told me about this last week. Figure I’d throw some change at it and hold. 62 shares @ 8.03 and will see what happens.
ya I grabbed a bunch of $7 calls, $7 puts and 600 shares so far. I wouldn’t hold it forever, or start a cult about it….. but the huge options positions make me like the upside risk. Worth holding onto for 2 more weeks to see if the party starts. Might be a dud, but it’s got all the right metrics supporting the possibility of a squeeze or reversal. It’s a trade not an investment.
WSB has been compromised. That sub is Wall Street, selling crime to idiots.
Lmaoooo Wall Street is now 100% crime since the trump administration, you better find you an inefficient market to squeeze. I’ve been swinging between the “AI will take all jobs” companies and the “AI is going to destroy these jobs” company. but I have time in my heart and portfolio to Defend wendys because 1. It’s literally our mascot dummy. 2. its got the options structure for a squeeze.