By Licia Leslie
October 1, 2025
Hi Shoppers,
Chewy (CHWY) is primed to rally to $43.50 and possibly to the top of the pitchfork channel at $45.82:
The relative strength index is moving bullish and the MACD is just now crossing zero on the histogram which is a bullish signal also.
Shopping for options, I like the calls expiring on October 17th:
The Oct17, 2025 40.50 calls are fairly priced and will be doubled when the stock trades $43.50.
Trade Review
On Sunday I recommended the S&P 500 Mini SPX Options Index (XSP) 665 calls and they closed up a dollar on Tuesday.
I still believe we will continue to rally to be up a hundred bucks this week. So far on Tuesday afternoon we are up $44.76.
Thank You For Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
See what's hot at option pit
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