Chewy (NYSE: CHWY) June 12 weekly call option implied volatility is at 167, June is at 108; compared to its 52-week range of 34 to 74. Call put ratio 3.4 calls to 1 put with a focus on a spreader of 10K contracts of July 22.50 and 27.50 calls into the expected release of quarter results before the bell on June 10.