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Chewy call volume above normal and directionally bullish

Bullish option flow detected in Chewy with 25,695 calls trading, 4x expected, and implied vol increasing over 5 points to 52.28%. Jun-24 25 calls and Jun-24 24.5 calls are the most active options, with total volume in those strikes near 10,200 contracts. The Put/Call Ratio is 0.24. Earnings are expected on August 28th.

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