CHWY trade ideas
chewy $chwy #chwy Even in recession people seem to have a way of keeping their pets fed. Not sure about other countries but in the U.S., we often find that when people are doing poorly, they tend to spend even more $ and time with their pets.
This is so far the best opportunity since 2020 to begin creating a long-term position.
Also looks like a nice technical level to create a call position with a little bit of time on it.
I could be wrong but I don't think they have even begun using the A.i. narrative yet in earnings calls and truth is they are the perfect kind of company to later realize that they can save a lot of $ and increase profits dramatically over the next few years with use of a.i. and robotics.
1-2 week string trade on CHWY for Gap fillThis trade was pointed out by a few alpha channels I follow, it makes sense and the support/resistance have touch points from months ago. This is an easy 10% swing and if options are utilized can equate to a hefty sum just by filling the large candle of the gap.
CHWY Chewy Options Ahead of EarningsIf you haven`t bought CHWY here:
or sold it before the previous earnings:
Then analyzing the options chain and the chart patterns of CHWY Chewy prior to the earnings report this week,
I would consider purchasing the 30usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately 0.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
CHWY | SHORT | Rare opportunityNYSE:CHWY
My friends, allow me to present to you one of the easiest and most profitable trades I have recently discovered. This trade offers an impressive risk-reward ratio of 1 to 6.5.
Once it hits the bearish trigger line, I will open the short position. It's likely that we'll witness some struggle from the bulls as they attempt to hold the last line of defense. However, when the price loses that critical line, it creates a clear path for the price to fill the gap.
Remember, trading always carries risks, but with careful analysis and a sound strategy, opportunities like this can present attractive potential gains. As always, prudent risk management and careful monitoring of the trade will be essential for success
Going Long on CHWYCHWY is oversold at 33.60. After several quarters of earnings beats and lots of analysts upgrades it has gotten caught up in the recent fears of a pullback in the overall market and is overdone. if it drops below 33.56 and recovers, it can be considered a FBD (fake break down) and will be ready to run, IMHO. RSI and other indicators deeply oversold, and 33.56 represents a .618 retracement of June move off of the last earnings report. Best of Luck!
CHWY | InformativeNYSE:CHWY
If the price of CHWY breaks above the bullish line of $40.78, it may indicate a bullish signal, suggesting potential upward price movement. In this scenario, the target price could be set at $43.72.
Conversely, if the price of CHWY breaks below the bearish line of $34.87, it may suggest a bearish signal, implying potential downward price movement. In this case, the target price could be set at $30.21.
CHWY Chewy Options Ahead of EarningsIf you haven`t bought CHWY here:
or sold it here:
then Analyzing the options chain of CHWY Chewy prior to the earnings report this week,
I would consider purchasing the $29.5 strike price Puts with
an expiration date of 2023-6-2,
for a premium of approximately $1.29
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.