Noteworthy bullish options activity in $CHWY 51c for 6/26 with some small put protection coming in later in the day. Fibonacci bb setup with bullish engulfing daily candle, post ER profit taking CHWY is a strong brand, ppl love the service... Targeting 51+ for next week, possibly eow Enjoy... Trade at your own risk. I took 20 contracts will update trade later.
... for 2.28. Notes: Had to fiddle somewhat with the put side versus my "Week Ahead" post. Still high rank/implied at 74/89 ... .
CHWY Earnings play +ve earnings outcome target - $57.5 -ve earnings outcome support - $43
EARNINGS: CHWY (71/85/17.34%)* announces Tuesday after the close. The June 19th 41.5/60 17-delta short strangle pictured here pays 2.55 with break evens wide of the expected move. The similarly delta'd July 17th 39/65 gives you more room to be wrong, but doesn't pay that much more for the wait -- 2.48 at the mid. LULU (36/57/10.01) and PVH (57/85/14.8)...
$CHWY is looking for its support. After break out, it is bounced above the pivot resistance.
It is rare to see a real V-shaped recovery, IBUY will most likely test previous all-time-high. $54 to $56.5 is an important range. To see it more clearly, just zoom out, or use a weekly chart. OBV has been indicative... as we cross above or below the 200sma, we can see OBV start a trend, either down or up, in conjunction with the 200sma. After our most recent...
CHWY broke down from a month and a half top below the 27.6 support area. Momentum and trend indicators remain bearish, indicating further downside towards the 23.5 area. Happy Trading!
$CHWY is a speculative buy. We are labelling it as speculative because of all the unicorns that have IPO'd this year and have performed horribly. However, a number of people are coming out and saying that the stock is interesting, including Whitney Tilson and Credit Suisse. Credit Suisse thinks Chewy's (NYSE:CHWY) revenue momentum will translate into...
EARNINGS: It's a fairly light week for earnings, but there is some highly liquid underlyings to play for volatility contraction: CHWY (--/74): Monday, After Market Close. LULU (64/42): Wednesday After Market Close. COST (44/23): Thursday, After Market Close. ORCL (42/26): Thursday, After Market Close. Pictured here is a CHWY January 17th 21 short put at the 20...
CHWY’s innovation outlook is neutral based on a current score of 29 out of 99, underperforming sector average. Insiders sentiment is positive. For more analysis and articles visit our website .
might try this if it double bottoms similar to last time
In a previous post I talked about this being a risky time to buy for a long term investment in the S&P , Emini, SPY , or MES . Despite what the media may want you to believe - this market is no longer in a strong bull trend. If it was, prices would break out strongly above previous highs. But what is happening instead? Prices go mostly sideways to down, signalling...