Investors in Chewy Inc (CHWY) can now explore new options set to expire in June 2026. Among these, a put contract at the $40 strike price currently has a bid of $4.55, which allows sellers to lower their effective purchase price to $35.45, compared to a market price of $42.32. This put option has a 67% chance of expiring worthless, which would yield an 11.37% return on cash commitment, or 11.31% annualized.
On the call side, a contract at the $47.50 strike price has a bid of $5.55. By selling this call, investors could potentially achieve a total return of 25.35% if exercised at expiration, although there’s a 47% chance it may expire worthless, allowing investors to keep both their shares and the premium. Implied volatilities are 49% for puts and 48% for calls.
Chewy Inc’s current stock price is $42.32, and the new options represent potential opportunities for both bullish and bearish strategies amid a backdrop of various analytical insights on price movements.
