Jim Cramer - Mad Money
Wendy's Company
WEN-Q
PARTIAL SELL
Jun 09, 2021
Another meme stock. He believes in taking profits, being prudent with your money, even though the Redditters hate him for selling any of these meme stocks. Stocks are not a game and, yes, he understands risk. Bulls and bears make money, but pigs get slaughtered.
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.