If you haven`t bought the all time low:
Then you should know that looking at the CHWY Chewy options chain ahead of earnings , i would buy the $43.5 strike price Puts with
2022-12-9 expiration date for about
$2.46 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
NYSE:CHWY
Forming multiple bottoms with potential to break trend line resistance, and hit 59 which is over 40%.
Analysts' mean target price @ $59.04.
96% Institutional ownership
Looking at the chart, i would say we can see a regional triple bottom pattern on Chewy, Inc. (CHWY).
Goldman Sachs has a $59 price target while Royal Bank of Canada $77.
Looking forward to read your opinion about it.
We just finished Elliot wave with an ABC correction and WXY combination, we are thinking it's going to bounce off of a strong demand zone and retrace to 50 fib zone.
Entry: 38
Invalidation: 26
Target: 77
Yesterday Chewy, Inc. (CHWY) had a strange amount of options, 1.2K Puts and 10.2K Calls, many of them expiring soon,
2022-3-18, with a strike price of $70.
2 Week Range 36.69 - 97.74
yesterday the price was $42.04
On 1/27/2022 Royal Bank of Canada Initiated Coverage for Chewy, Inc. (CHWY) with an Outperform rating and a price target of $77.00.
I aim for the...
