🎯 $Chewy, Inc.(CHWY) Options Strategy: Bull Call Spread
- Underlying: CHWY
- View: Cautiously optimistic for a bounce from support, targeting resistance near $24.19. MACD bullish crossover and RSI above 50 support a short-term bullish bias.
- Strategy Type: Debit Spread / Directional Bullish
- Option Contract Portfolio:
- Buy 1 CHWY 19 Aug 2026 $20.00 Call
- Sell 1 CHWY 19 Aug 2026 $22.50 Call
- Max Gain & Loss: Max Gain: ~$1.45 per spread; Max Loss: $0.55 debit paid per spread.
- Initial Cost/Credit: Net Debit of ~$0.55 (estimated from option chain mid-prices).
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