Bullish option flow detected in Chewy with 4,600 calls trading, 3x expected, and implied vol increasing over 1 point to 70.30%. 1/6 weekly 39 calls and 1/6 weekly 38.5 calls are the most active options, with total volume in those strikes near 2,600 contracts. The Put/Call Ratio is 0.11. Earnings are expected on March 28th.
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Published first on TheFly
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