Smart Money Is Betting Big In CHWY Options
Portfolio Pulse from Benzinga Insights
Financial giants have shown a significant bullish interest in Chewy (NYSE:CHWY) options, with 60% of traders being bullish. Analysis of options history revealed 10 unusual trades, with a focus on a price band between $12.5 and $22.5. The largest trades include both calls and puts, with the most notable being a bullish call with a strike price of $17.50. Chewy, a leading e-commerce pet care retailer, reported $10.1 billion in 2022 sales. Currently, CHWY's stock is up by 1.32% at $17.6, with an anticipated earnings release in 14 days.
March 06, 2024 | 5:16 pm
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Chewy has seen significant bullish interest in its options, with a current stock price increase of 1.32% to $17.6. The company's strong sales performance and the upcoming earnings release could influence its stock price.
The bullish sentiment in options trading, combined with Chewy's strong sales performance and the anticipation of its earnings release, suggests a positive short-term impact on CHWY's stock price. The focus on a price band between $12.5 and $22.5 by major market movers further underscores the optimistic outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100