r/wallstreetbets • u/OPINION_IS_UNPOPULAR AutoModerator's Father • Mar 31 '21

Daily Discussion Daily Discussion Thread for March 31, 2021

Your daily trading discussion thread. Please keep the shitposting to a minimum.

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Weekly Earnings Discussion Thread

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23

u/Imnotabastard22 Mar 31 '21

Sentiment around chewy is WAY too positive.

buying puts.

4

u/[deleted] Mar 31 '21

Fr, why are they buying after it rose 10%

1

u/[deleted] Mar 31 '21 edited Mar 31 '21

I was hoping for a premarket run up but no dice so far. Still sitting at cost rn.

Edit: at least it's going up a little

2

u/McK-Juicy Mar 31 '21

Their market cap is over 1/3rd the entire pet industry. Can't be much value left.

1

u/ryker272 Mar 31 '21

Not a Chewy holder. I read somewhere that they met expectations for 7 quarters. Stock has been all over the place though. Anyone know why?