Notable Call Options Activity in Wendy's

Shares of Wendy's

are higher on the session by 4.22%, currently trading at $5.19. The stock has been moving largely higher over the past three weeks and is currently trading above the 50-day moving average. Options traders are focusing on calls today. The strike seeing the heaviest volume is the May 2012 $5 call, which has traded 1,700 times on open interest of 2,007 contracts. Calls are outpacing puts today by 7 to 1. The Wendy's Company, formerly Wendy's/Arby's Group, Inc., is the parent company of its wholly owned subsidiary holding company Wendy's Restaurants, LLC.