Chewy Inc. Class A
68.71 - 72.54
20.62 - 74.84
Echofin Members Consensus
3) I am going into this week with the $CHWY short position and the $GRWG long position. The thesis is still very much intact for these and we will just have to be patient and allow the market to do what it does. I am also looking to add some fresh new trades this week. You can see the watchlist below: NOTE: As usual, you are FREE to use the Watchlist as you see fit. You DO NOT need to wait for my alerts but please Remember that: 1) Only trades/signals dated 10/12 and later ( up to today) are valid for new entries/positions. 2) The stock must close above the trigger price ( for Long trades) or below ( for Short trades) in order for it to be considered as " triggered" 3) Size your trades correctly and don't trade money that you can't afford to lose. 4) I may not take all of these trades for my own account. As usual, I will send an alert for the trades that I am taking. Here is the Watchlist: https://ivtrades.com/options-watchlist/
@everyone Just a quick update to close the week: (1) It was a fairly slow week and I completed 4 trades in the IVtrades account $TSM (x2) , $CHWY & $BE and have one open position ( $NLS). I have attached the trade log for October so far. (2) The market has been trading mostly on "stimulus hope" and we might get a standard "sell the news" event when the stimulus actually passes. (3) With every day we go up, the downside risk is increasing and I will start to make some adjustments next week that will help us to continue to make some decent money on the upside and stand ready to flip short when the time comes. (4) In this business we need to be flexible and hold our biases loosely. That is how you make money over the long haul!
Next Dividend Date
Chewy, Inc. engages in the provision of pure-play e-commerce business. It supplies pet medications, food, treats and other pet-health products and services for dogs, cats, fish, birds, small pets, horses, and reptiles. The company was founded by Ryan Cohen and Michael Day in September 2011 and is headquartered in Dania Beach, FL.
CEO: Sumit Singh
HQ: 1855 Griffin Road Dania Beach, 33004 FL