Wendy's July FTD data

$7.40-7.50 is the floor. This is the price where significant FTDs accumulated in late May and then again in late June. Short interest also jumped in late another 8M shares on July 10, when price was $7.48. It cannot break lower than this now because there will be buying pressure to resolve FTD's if price goes below $7.50, by market makers. Options chain also look as if it is being used for locates. Significant OI in options chain expiring this Friday, may see some action either end of week/early next week as MM rollover contracts... https://preview.redd.it/8r6e1dgmledh1.png?width=1629&format=png&auto=webp&s=f6a102afc44d64d16c7daeb55d1f119beac1226f