Bearish flow noted in Chewy with 10,457 puts trading, or 1.7x expected. Most active are 12/9 weekly 36 puts and 12/9 weekly 51 calls, with total volume in those strikes near 5,600 contracts. The Put/Call Ratio is 2.10, while ATM IV is up over 1 point on the day. Earnings are expected on December 8th.
Published first on TheFly
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