I bought 5k Wendy calls, how regarded am I?

Submitted by _throw_away_2019 t3_10qbvk4 in wallstreetbets

I am exhausted fighting the market makers with $SPY so I decided to open the following position:

2 x $WEN $22 calls for Aug 18th 85 x $WEN $23 calls for March 17th

Worth about ~$5,500. I think I messed up and scared but f it YOLO

However, I heard Bedrock or black rock or some type of rock bought hundreds of thousands of Wendy shares. So I had to indulge and go all in

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VisualMod t1_j6p290f wrote

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VisualMod t1_j6p29on wrote

>That is a terrible investment. You will lose all of your money.

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domasch t1_j6p2jha wrote

This is a casino here. Let's go 🚀

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AggressiveAd8673 t1_j6p2s6a wrote

Should have sent me those 5k so I can sell spy call and buy uvxy put. It's the regarded way.

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TeflonShawn42069 t1_j6p2z99 wrote

Imma get a biggie bag in your honor. Thoughts and prayers my guy.

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crypt0_sports t1_j6p6i30 wrote

The dumpster has a boarding party waiting for you.

They have a new sauce and it’s not siracha.

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Striker40k t1_j6p7rnz wrote

This mf is going from betting on Wendy’s, to working behind Wendy’s

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_throw_away_2019 OP t1_j6pd3vi wrote

Replying to bbatardo (#1,689,297)

I’m a chart guy not so much of news. If you look at the chart there was a giant engulfing candle on a downtrend + volume on the buy side. I realized .80 cents was within an IV range. The calls were cheap so why not

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Same_Class5866 t1_j6ph38r wrote

As long as you got the loan to buy those from one of our friends behind the dumpster you should do just fine.

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_throw_away_2019 OP t1_j6phds8 wrote

Replying to Same_Class5866 (#1,692,225)

Why do I need a loan to buy them? Wendy’s IV rank is at 44 which is low and great time to decide if this stock is worth buying options. A 10 cent move can move my option 5-10%. Which I’ll happily take. But think about it … tomorrow FOMC people gonna need to put money on something

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