Deep-pocketed investors have adopted a bearish approach towards Chewy CHWY, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CHWY usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Chewy. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 44% leaning bullish and 55% bearish. Among these notable options, 4 are puts, totaling $444,426, and 5 are calls, amounting to $351,788.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $15.0 and $37.5 for Chewy, spanning the last three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Chewy stands at 2072.0, with a total volume reaching 5,281.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Chewy, situated within the strike price corridor from $15.0 to $37.5, throughout the last 30 days.
Chewy Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CHWY | PUT | TRADE | NEUTRAL | 01/17/25 | $17.50 | $348.3K | 5.7K | 900 |
| CHWY | CALL | SWEEP | BULLISH | 09/20/24 | $15.00 | $155.0K | 44 | 310 |
| CHWY | CALL | SWEEP | BEARISH | 01/16/26 | $37.50 | $62.3K | 466 | 495 |
| CHWY | CALL | SWEEP | NEUTRAL | 01/16/26 | $37.50 | $50.4K | 466 | 287 |
| CHWY | CALL | TRADE | BULLISH | 03/22/24 | $18.00 | $48.7K | 1.2K | 394 |
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.
In light of the recent options history for Chewy, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of Chewy
- With a trading volume of 5,716,031, the price of CHWY is up by 0.77%, reaching $18.39.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 8 days from now.
What The Experts Say On Chewy
In the last month, 1 experts released ratings on this stock with an average target price of $25.0.
- Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $25.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Chewy with Benzinga Pro for real-time alerts.
Edge Rankings
Price Trend
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
