Jim Cramer - Mad Money
Wendy's Company
WEN-Q
BUY ON WEAKNESS
May 12, 2021
They have a habit of selling off after reporting earnings, which is what happened today even after offering bullish guidance and big earnings and revenues beats. Historically, buy it after a pullback.
He fears that most fast food companies can't hold their gains because of inflation. Be careful with this as much as he likes Wendy's. They report Wednesday.
options Wendy's is seeing huge calls, from 20,000 last month to 40,000 today at just one strike on Nov. 20. The stock and calls are moving higher. He bought calls. He bought and will upside calls against them as it rallies.