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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.

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