Chewy call volume above normal and directionally bullish
The Fly

Chewy call volume above normal and directionally bullish

Bullish option flow detected in Chewy with 21,880 calls trading, 1.1x expected, and implied vol increasing almost 4 points to 82.95%. 8/30 weekly 30 calls and 8/9 weekly 23 calls are the most active options, with total volume in those strikes near 10,300 contracts. The Put/Call Ratio is 0.08. Earnings are expected on August 28th.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Related Articles
TheFlyBarclays more bullish on Chewy after management meetings
TheFlyChewy’s normalized growth algorithm calls for faster sales growth, says Goldman
TheFlyMorgan Stanley sees increased probability of Chewy shares rallying 100%
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App