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Chewy call volume above normal and directionally bullish

Chewy call volume above normal and directionally bullish

Bullish option flow detected in Chewy with 44,093 calls trading, 2x expected, and implied vol increasing almost 2 points to 59.25%. 12/22 weekly 23 calls and 12/22 weekly 22 calls are the most active options, with total volume in those strikes near 18,100 contracts. The Put/Call Ratio is 0.26. Earnings are expected on March 20th.

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