Closed: CHWY January 21st 42 Short Put... for a .50 debit.
Comments: In for a 1.00 credit; out today via good until cancelled order to take profit at 50% max. .50 ($50) profit. 11.8% ROC as a function of buying power effect.
CHWY trade ideas
CHWY EarningsCHWY earing deficit is devastating for the company. For example last quarter earnings they suffered a -0.2 deficit. Sent the stock tumbling. Now CHWY has a gap down with a -0.4 earnings deficit regarding inflation.
Opening (Margin): CHWY January 21st 42 Short Put... for a 1.00 credit.
Comments: Selling some 16 delta premium in CHWY post-earnings in the implied volatility afterglow (30-day is still currently at 66.9%). I considered short strangling it, but there's some skew to the call side with wonky five wides, so am just going bullish assumption on it instead.
Delta/theta: 15.79/3.03; 1.00 max profit on buying power effect of 4.22 (on margin): 23.7% ROC as a function of buying power effect; 11.8% ROC at 50% max.
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Learn from someone who has intelligence and knowledgeBecause looking at your charts kids.. stay off youtube. That is no place to learn. Its hysterical and I am laughing but here you go........ if you call this chart incomplete or don't know how to read it. Well, that is why you keep losing all your money. Just being honest. Get mad. I dont care. It's just honesty.
CHWY long
The pet care industry is forecast to exceed $150 billion by 2025. Of all the competitors, Chewy is in my opinion the most fairly valued at this time. I am already long in this position, and looking to add on a possible drop to or around POC.
This is not financial advice. Do not take advice from someone who calls himself Pleb.
Who let the dogs out?$CHWY
broke the double top resistance on the hourly, now just grind up to $100 in time.
As long as we maintain the red level we should be good for some upside!
CHEWYCHWY is creating a potential W pattern. Since May, price (when in this area) has retraced the previous high twice at least 38% of previous high. Although the previous high is lower than the one prior to that one, a price of $65.96 would be a retracement of 38% of its previous high.
$CHWY$CHWY – this looks like a classic bear flag. Trying to learn how to project price expectations thereafter… Measuring target based on initial corrective break – this aligns with the vol profile – seems like there is a zone btw this and bottom of fib levels that I will monitor.
NYSE:CHWY
$chwy - do or diehad someone ask about chwy....
Big yikes here - do or die. I am having pltr nightmares here. If the 60 level breaks this could see 40..... No trade right now here
CHWY CHWY CHWYPossible gap up from this flag. Just watch.
Must stay above 68.25. Breaking above 72.8 would be confirmation for me.
Symmetrical Triangle - Gap Fill- UpdateCHWY still looking quite nice here- Big symmetrical triangle on the daily timeframe as well as what appears to be an inverse head and shoulders forming. Bullish and will be looking for a breakout from this wedge- Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones in the meantime
- Reclaimed the 50-day EMA and seemingly looks like it will reclaim the 100 and 200-day EMA's as well
- Symmetrical Triangle on the Daily Timeframe
- Bollinger Bands Squeezing (Not Pictured)
- Falling Wedge on the Hourly Timeframe (See Attached Chart Below)
- Gap fill on the upside
PT1- $75.89
PT2- $77.94
PT3- $79.38
PT4- $80.53 + Gap Fill
Hourly Timeframe
Previously Charted
CHWY LongEntry- Calls above 74.60
Targets- 75.00, 76.00, 78.00,
Stop- 73.95
Strike/ Exp.- 76C weeklies for DT or swing
🟢 Idea about ChewyChewy Inc. is an American online retailer of pet food and other pet supplies based in Dania Beach, Florida. In 2017, Chewy was acquired by PetSmart for $ 3.35 billion, the largest transaction in the e-commerce segment at the time. The company went public in 2019, having managed to raise $ 1 billion. Revenue $ 7.15 billion (2020). Capitalization $ 29 billion
A trade on the breakout of the support level.
1) The price approached the strong level of $ 72.6.
2) Closing of the daily candle near the level and under the very LOW.
3) There is a large power reserve at the bottom.
4) Pulling local highs to the level, they are not allowed to go up.
5) Sparse horizontal volume by level.
Goal: $ 70.2
NOT IRR.
CHWYbark bark .. doesn't look too awful IMO.. could be good to enter here and if tech has a good day to the upside i'd see chwy extending gains.
Watch for fake breakout.
CHWYs momentum is upBased on a simple inverse head and shoulders target complimented by Fibonacci price points CHWY may head to the upper 80s. There is also a gap to fill that coincides with that level.
