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Chewy call volume above normal and directionally bullish

Bullish option flow detected in Chewy with 12,676 calls trading, 1.4x expected, and implied vol increasing over 1 point to 82.01%. Jun-24 17.5 calls and Apr-24 30 calls are the most active options, with total volume in those strikes near 3,900 contracts. The Put/Call Ratio is 0.40. Earnings are expected on March 20th.

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