Chewy Option Alert: Oct 20 $20 Calls Sweep (4) near the Ask: 1000 @ $0.35 vs 8496 OI; Ref=$18.03
Portfolio Pulse from Charles Gross
Chewy (CHWY) has seen a significant option alert, with 1000 calls for October 20 at $20, near the ask price of $0.35. This is compared to an open interest of 8496. The reference price is $18.03.
September 26, 2023 | 1:57 pm
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POSITIVE IMPACT
Chewy has seen a significant increase in call options, indicating a bullish sentiment among investors. This could potentially drive the stock price up in the short term.
The increase in call options indicates that investors are expecting the price of Chewy's stock to rise. This bullish sentiment could potentially drive up the stock price in the short term. However, the impact may be limited due to the existing open interest.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100