Behind the Scenes of Chewy's Latest Options Trends is an article about big money investors and their opinions on Chewy, a big online pet store. These investors are either bullish (optimistic) or bearish (pessimistic) about Chewy's future. The article also talks about price targets, which means the investors think Chewy's price will be in a certain range. There are also charts and details about the options trades that the investors made. Finally, the article mentions what some experts think about Chewy's future. Read from source...

personal opinions from the author might have influenced the facts. While the author admits big money investors are taking a bearish stance on Chewy CHWY, it lacks proper evidence or sources to back these claims. The overall sentiment of the big-money traders also seems to be a mere speculation by the author, with no concrete evidence to support their assertion. Additionally, the analysis of volume and open interest in these contracts appears to be outdated and does not offer any new insights into the matter. The author's failure to mention Chewy's strong performance and growth potential in recent years also raises questions about the objectivity of the article.

bullish

Despite the bearish sentiment of big-money investors towards Chewy, the options scanner from Benzinga has identified 11 uncommon options trades for the company. The overall sentiment is split between 18% bullish and 72% bearish, indicating a potential shift in trends. The volume and open interest of these contracts suggest that the big players have been eyeing a price window from $16.5 to $37.5 for Chewy during the past quarter. The largest options trades observed are PUT and CALL, with the former showing a trade type of TRADE and a bearish sentiment, while the latter is marked as a trade type of SWEEP and has a bullish sentiment. Overall, the options activities associated with Chewy point towards a potential bullish trend in the near future.

Chewy (CHWY) is an e-commerce pet care retailer that is experiencing some bearish sentiment from big-money investors. Investors with substantial funds have taken a bearish stance on Chewy, and retail traders should be aware of this trend. The overall sentiment of these traders is split between 18% bullish and 72% bearish. The accompanying chart delineates the progression of call and put option volume and open interest for high-value trades in Chewy, situated within the strike price corridor from $16.5 to $37.5, throughout the last 30 days. The largest options trades observed for Chewy include a PUT trade with a total trade price of $995,000 and a CALL trade with a total trade price of $763,200. Next earnings are expected to be released in 51 days. Chewy's price is currently down -1.86% at $24.52, and RSI indicators hint that the underlying stock may be approaching overbought. Experts predict a target price of $29.0 for Chewy, with analysts from Guggenheim, Mizuho, and Wedbush rating the stock at Buy, Neutral, and Outperform, respectively.