CHWY AI Analysis Reports

Neutral-to-bearish with a strong gravitational pull toward $25-$27 max pain levels. Confidence: 5/10. The market is pinn

Primary thesis: **CHWY is pinned with positive GEX, magnetized lower toward the $25-$27 max pain cluster.** Invalidation is a sustained move above $28 or below $22. The regime favors **selling premium

Attractiveness: 8/10

Sell put spreads near OI support, favoring 30-45 DTE

Bearish

Sustained negative net premium flow and put OI building at $26-$27.50

Earnings in 6 days (likely 4/02). IV is elevated at 56.8% for the post-earnings expiration, presenting a clear IV crush

IV term structure shows a definitive kink at the 4/02 expiration (56.8% vs 54.0% for 4/10), confirming the earnings date. The expected move is ±6.3%.