Chewy call volume above normal and directionally bullish

Bullish option flow detected in Chewy with 6,718 calls trading, 1.5x expected, and implied vol increasing almost 3 points to 65.13%. Jul-23 55 calls and Jan-23 60 calls are the most active options, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 0.48. Earnings are expected on March 28th.