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Chewy call volume above normal and directionally bullish

Bullish option flow detected in Chewy with 16,656 calls trading, 5x expected, and implied vol increasing almost 3 points to 75.16%. 11/10 weekly 21.5 calls and Jan-24 20 calls are the most active options, with total volume in those strikes near 13,700 contracts. The Put/Call Ratio is 0.09. Earnings are expected on December 6th.

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