Najarian: Buy Wendy's stock ahead of report

People wait on line at a Wendy's location
Scott Mlyn | CNBC
People wait on line at a Wendy's location

CNBC "Halftime Report" trader Jon Najarian bought shares of a fast food restaurant chain on Tuesday, predicting a rally in the stock once earnings are released next week.

Based on investment bets in the options market, Najarian believes Wendy's earnings may come in ahead of expectations on Feb. 9.

In the past week, the company's stock is already up nearly 6 percent as the bulls look for upside on the name, Najarian said.

Here is where the options trader sees the fast money headed: