Chewy Inc. Stock Surges Nearly 100%, Up 11% Today, Ryan Cohen's Influence Noted

Chewy Inc. ($CHWY) has seen a significant surge in its stock price, rising almost 100% from its lows 1.5 months ago. Investors have been actively trading Chewy options, with notable transactions including the sale of September $25 calls at $4.45 and the addition of September $30 calls at $2.34. The implied volatility (IV) for Chewy has also increased, with IV30 up 53% and 18,000 July $35 calls being traded. Chewy's stock was up 11% today, with July $30 calls initially filled at $0.90 reaching a high of $4.10, resulting in gains of over 500% for some investors. The stock's performance has been driven by strong earnings and increased interest in pet insurance stocks, including Chewy, Lemonade ($LMND), Trupanion ($TRUP), Freshpet ($FRPT), and Petco ($WOOF). Ryan Cohen's involvement has been a significant factor, with the stock up 6% recently.