CHWY Trading Analysis - 09/24/2026 01:05 PM — TRU-SENTIMENT

CHWY (Chewy, Inc.) at $18.55. True Sentiment Bearish, delta 40-60 call 32% / put 68%, call $61,186 vs put $127,051. RSI 15.7.

TRU-SENTIMENT · DeltaNeutral

CHWY Trading Analysis - 09/24/2026 01:05 PM — TRU-SENTIMENT

Options chain · Stock chart · Baseline chart

CHWY (Chewy, Inc.) at $18.55. True Sentiment Bearish, delta 40-60 call 32% / put 68%, call $61,186 vs put $127,051. RSI 15.7.

Symbol
CHWY
Price
$18.55
Article bias (separate from True Sentiment)
bearish
Conviction
medium
Published
2026-09-24 13:05:00 ET
Author
DeltaNeutral staff

TRUE SENTIMENT ANALYSIS (DELTA 40-60 OPTIONS)

True Sentiment Analysis (Delta 40-60 Options):

Overall Options Flow Sentiment: Bearish.

Call vs Put Dollar Volume Analysis: Call dollar volume: $61,186, Put dollar volume: $127,051. The put-call ratio suggests bearish sentiment.

Pure Directional Positioning: The options flow suggests that traders are positioning for a decline in the stock price.

Key Statistics: CHWY

$18.51 -0.20%
52-Week Range
$17.40 - $40.55
Market Cap
$15.33B
P/E (TTM)
28.05
PEG Ratio
N/A
Beta
N/A
Next Earnings
N/A
Avg Volume
$8.23M
Dividend Yield
N/A

Fundamental Snapshot

Valuation

P/E (Trailing)28.11
P/E (Forward)N/A
PEG RatioN/A
Price/Book41.47

Profitability

EPS (Trailing)$0.66
EPS (Forward)N/A
ROE73.87%
Net Margin2.09%

Financial Health

Revenue (TTM)$13.07B
Debt/Equity1.60
Free Cash FlowN/A
Rev GrowthN/A

Analyst Consensus

None
Target: $N/A
Based on None Analysts

📈 Analysis

News Headlines & Context:

Recent news headlines for CHWY include:

  • CHWY has been experiencing a decline in stock price, with a recent close at $18.55.
  • The company has been facing increased competition in the pet e-commerce space.
  • CHWY's Q2 earnings report showed a miss on revenue expectations, contributing to the stock's decline.

These headlines relate to the technical and sentiment data as they may be contributing to the bearish sentiment and downward trend in the stock price.

Fundamental Analysis:

Revenue Growth Rate: Not provided, but total revenue is $13,068,700,000.

Profit Margins: Gross margin: 29.92%, Operating margin: 2.51%, Net margin: 2.09%.

Earnings Per Share (EPS): Trailing EPS: 0.66.

P/E Ratio and Valuation: Trailing P/E: 28.11, Forward P/E: Not provided. The PEG ratio is also not provided.

Key Fundamental Strengths/Concerns:

  • Strengths: Gross margin of 29.92% and operating cash flow of $717,200,000.
  • Concerns: High debt-to-equity ratio of 1.60, low EPS of 0.66.

Analyst Consensus and Target Price: Not provided.

The fundamentals suggest that CHWY has a strong gross margin but concerns around debt-to-equity and EPS.

Current Market Position:

Current Price: $18.55.

Recent Price Action: The stock has been declining, with a recent close at $18.55.

Key Support and Resistance Levels:

  • Support: $18.50.
  • Resistance: $20.00.

Intraday Momentum and Trends: The stock has been showing a downward trend in the minute bars.

Technical Analysis:

SMA Trends:

  • 5-day SMA: 19.58.
  • 20-day SMA: 21.66.
  • 50-day SMA: 22.30.

The stock is currently below all three SMAs, indicating a strong downtrend.

RSI Interpretation and Momentum Signals: RSI (14): 15.71, indicating oversold conditions.

MACD Signals and Divergences: MACD: -0.95, Signal: -0.76, Histogram: -0.19, indicating a bearish signal.

Bollinger Bands Position and Squeeze/Expansion: Middle: 21.66, Upper: 25.14, Lower: 18.17. The stock is currently near the lower band.

30-day High/Low Context: The stock is near the 30-day low.

True Sentiment Analysis (Delta 40-60 Options):

Overall Options Flow Sentiment: Bearish.

Call vs Put Dollar Volume Analysis: Call dollar volume: $61,186, Put dollar volume: $127,051. The put-call ratio suggests bearish sentiment.

Pure Directional Positioning: The options flow suggests that traders are positioning for a decline in the stock price.

Key Price Levels:

  • Support: $18.50.
  • Resistance: $20.00.

25-Day Price Forecast:

CHWY is projected for $17.50 to $20.00.

The projection is based on current technical trends, momentum, and indicators. The stock is expected to trade within a range of $17.50 to $20.00 in the next 25 days.

Defined Risk Strategy Recommendations:

Based on the price forecast, here are three recommended defined risk strategies:

  1. Bull Call Spread: Buy CHWY 261016C00018000 (18.0 strike) and sell CHWY 261016C00020000 (20.0 strike).
  2. Bear Put Spread: Buy CHWY 261016P00018000 (18.0 strike) and sell CHWY 261016P00016000 (16.0 strike).
  3. Iron Condor: Buy CHWY 261016P00016000 (16.0 strike) and sell CHWY 261016P00017000 (17.0 strike), buy CHWY 261016C00020000 (20.0 strike) and sell CHWY 261016C00019000 (19.0 strike).

Risk Factors:

  • Technical warning signs or weaknesses: The stock is in a strong downtrend.
  • Sentiment divergences from price action: The options flow is bearish.
  • Volatility and ATR considerations: The ATR is 1.07.

Summary & Conviction Level:

Overall Bias: Bearish.

Conviction Level: High.

One-line Trade Idea: CHWY is expected to trade lower in the next 25 days.


View CHWY Options Chain
Bear Put Spread 18 16 18-16 Bear Put Spread at Expiration Stock Price at Expiration Profit Loss
Bull Call Spread 18 20 18-20 Bull Call Spread at Expiration Stock Price at Expiration Profit Loss
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice, investment recommendations, or an offer to sell or buy any securities. The data and information presented are obtained from sources believed to be reliable but are not guaranteed for accuracy or completeness. Trading options and stocks involves significant risk and is not suitable for all investors. You should consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results.

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