As the market whirls with excitement, the wind of bearish sentiment has blown over Chewy CHWY.
There’s a rumble in the crowd, a hunch that retail traders need to heed.
Zooming into the options landscape that we meticulously map within Benzinga, the footprints of big wallets etch a cautionary tale.
In realms where mystery blends with money, these sizable moves on CHWY often whisper anticipation of imminent rumbles.
How do we decode the maneuvers of these deep-pocketed players?
Today, the whispers of Benzinga‘s options scanner caught 14 rare options dances for Chewy.
This anomaly isn’t your everyday spectacle.
The sentiment from these monolithic traders paints a canvas divided, with 21% buoyant brushstrokes and 71% draped in shades of bearish black.
Within the treasure trove of options uncovered, 6 puts sway in the balance, valued at $214,998, while 8 calls strum a richer tune at $718,460.
Chewy’s Dance of Figures
Amidst the trading whirlpool lies a landscape that hints at a potential realm for CHWY between the lands of $17.5 and $32.5 over these last three months.
Patterns Unveiled in Volume & Open Interest
Within the current day’s market pulse, the heartbeat of options for Chewy echoes at an average open interest of 4311.0 and pulsating total volume of 7,053.00. The chart sketches the voyage of call and put options volume and open interest for the high-ticket trades on Chewy, residing betwixt the $17.5 and $32.5 strike thresholds, over the past lunar cycle.
The Symphony of Chewy’s Call and Put Volumes: A 30-Day Lyrical
Titanic Options on the Horizon:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CHWY | CALL | SWEEP | BEARISH | 01/17/25 | $4.2 | $4.05 | $4.1 | $25.00 | $295.6K | 7.4K | 1.0K |
| CHWY | CALL | SWEEP | BEARISH | 01/17/25 | $2.11 | $1.99 | $1.99 | $32.50 | $122.5K | 3.2K | 700 |
| CHWY | CALL | TRADE | BEARISH | 01/17/25 | $4.2 | $4.05 | $4.1 | $25.00 | $114.3K | 7.4K | 285 |
| CHWY | CALL | SWEEP | BEARISH | 09/20/24 | $3.4 | $3.3 | $3.3 | $22.50 | $49.5K | 2.5K | 365 |
| CHWY | PUT | TRADE | BULLISH | 09/20/24 | $2.92 | $2.88 | $2.88 | $25.00 | $46.9K | 3.6K | 172 |
Exploring the Essence of Chewy
Chewy stands as the grand maestro in the e-commerce arena of pet care in the US, orchestrating a symphony of $11.2 billion in sales in 2023 across a medley of pet provisions. Conceived in 2011, embraced by PetSmart in 2017, and ushered into solo stardom in 2019, this pet paradise thrives on provisions spanning from kibbles and bits to pharmacy aisles. Its dales echo with melodious sales melodies drawn from treats, meds, and all things pet.
Given the enigmatic trajectories traced by the recent options saga of Chewy, the spotlight now beckons towards the canvas of the company itself. Time to unfurl the tale of its current performance.
Tracking Chewy’s Footprints
- Bearing a mighty volume of 4,604,351, CHWY scales down by -3.85% to $23.25.
- RSI whispers allude to a possible oversold voyage for the stock beneath the surface.
- Earnings orchestrate the countdown, preparing to unveil their story in 27 days.
Options, a ride in the fast lane of asset risk, unveil a rollercoaster of profit potential against the backdrop of stock trading. Ferocious options navigators arm themselves daily with the torch of knowledge, deftly dancing between trades, primed to ride the tide of indicators and swim in the market currents.
For those seeking to script their saga aligned with Chewy’s options narrative, Benzinga Pro murmurs real-time alerts, heralding tales from the market fray.
