@nicholas_crown: 34% of Wendy’s free float is sold short. That does not make it the next GameStop. It does mean the stock has the ingredients for more chaos: a crowded short base, heavy call activity, and a genuine retail catalyst. But a meme event does not always require a directional bet. When both a squeeze higher and a collapse lower are plausible, defined-risk volatility can be cleaner than chasing shares or selling naked options. In this setup, the trade is not predicting where Wendy’s goes. It is betting that it does not stay still. Click the link in my profile to get our trading strategy and research in your inbox.