Chewy (CHWY) shares of the ecommerce name are forming a bull flag near recent highs and held the monthly POC support of 36.50 this week and now closing back over its 8 EMA. A breakout from here above 38 can see a swift move to new highs over 40 with a higher VPOC from 2023 up at 43.75 as well could be a target. CHWY saw a large recent opening seller of 2400 April $42.50 ITM puts at $5.55 and still has quite a bit of bullish positioning in April expiration including $30 and $35 calls from buyers late last year holding in OI.