Check Out What Whales Are Doing With CHWY

Financial giants have made a conspicuous bearish move on Chewy. Our analysis of options history for Chewy CHWY revealed 10 unusual trades.

Delving into the details, we found 20% of traders were bullish, while 80% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $388,607, and 6 were calls, valued at $615,932.

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Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $12.5 to $22.5 for Chewy during the past quarter.

Analyzing Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Chewy's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Chewy's significant trades, within a strike price range of $12.5 to $22.5, over the past month.

Chewy 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

About Chewy

Chewy is the largest e-commerce pet care retailer in the U.S., generating $10.1 billion in 2022 sales across pet food, treats, hard goods, and pharmacy categories. The firm was founded in 2011, acquired by PetSmart in 2017, and tapped public markets as a standalone company in 2019 after spending a couple of years developing under the aegis of the pet superstore chain. The firm generates sales from pet food, treats, over-the-counter medications, medical prescription fulfillment, and hard goods, like crates, leashes, and bowls.

After a thorough review of the options trading surrounding Chewy, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Chewy's Current Market Status

• With a trading volume of 5,609,575, the price of CHWY is up by 1.03%, reaching $16.75.
• Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
• Next earnings report is scheduled for 40 days from now.

Professional Analyst Ratings for Chewy

A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $33.0.

• An analyst from Barclays has elevated its stance to Overweight, setting a new price target at $30.
• Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on Chewy with a target price of $36.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Chewy options trades with real-time alerts from Benzinga Pro.