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Chewy call volume above normal and directionally bullish

Bullish option flow detected in Chewy with 12,068 calls trading, 1.2x expected, and implied vol increasing over 3 points to 85.79%. 3/1 weekly 17 calls and 3/1 weekly 16.5 calls are the most active options, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 0.52. Earnings are expected on March 20th.

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