Thanks to the uncertainties of the consumer economy, online pet products retailer Chewy (CHWY) would appear to be a risky bet. It’s already one of the top performers in the equities space, having gained over 18% since the start of the year. For context, the benchmark S&P 500 is down about 4% during the same period.
Nevertheless, the professional money doesn’t appear fazed about CHWY stock. On Friday, it stood as one of the highlights in Barchart’s screener for unusual stock options volume. Specifically, total options volume reached 46,998 contracts, representing a 193.41% lift over the trailing one-month average metric.
