Trade of the Week: Chewy

Low Risk Investments, Trade of the Week

Block trades can be useful in determining what smart money sentiment is on certain stocks. For example, a large put spread traded last week in Chewy (CHWY). The pet supplier site has seen its share price rebound off the lows in recent weeks. However, this recent put spread suggests there could be further downside ahead. Another possibility is someone is placing a short-term hedge against downside risk.

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