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Chewy call volume above normal and directionally bullish

Bullish option flow detected in Chewy (CHWY) with 52,505 calls trading, 8x expected, and implied vol increasing over 3 points to 59.96%. 8/22 weekly 41.5 calls and 8/29 weekly 43 calls are the most active options, with total volume in those strikes near 18,800 contracts. The Put/Call Ratio is 0.22. Earnings are expected on September 10th.

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