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Chewy call volume above normal and directionally bullish

Bullish option flow detected in Chewy with 12,037 calls trading, 3x expected, and implied vol increasing over 1 point to 73.49%. 9/1 weekly 28 calls and Sep-23 30 calls are the most active options, with total volume in those strikes near 7,200 contracts. The Put/Call Ratio is 0.34. Earnings are expected on August 30th.

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