On the derivatives front, the highest call OI was at 18,500 strike price, followed by 18,600 strike price, while on the put side, highest OI remained at 18,000 followed by 18,200 strike price.
Wendy’s draws buyout bid as beef costs and burger rivalry weigh on business
Wendy’s shares jump after Nelson Peltz’s Trian Fund Management offers $7.35 per share to take the burger chain private, as the company faces high beef