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Etsy call volume above normal and directionally bullish

Bullish option flow detected in Etsy with 10,398 calls trading, 1.5x expected, and implied vol increasing over 1 point to 46.61%. 8/9 weekly 58 calls and Aug-24 60 calls are the most active options, with total volume in those strikes near 7,000 contracts. The Put/Call Ratio is 0.18. Earnings are expected on October 30th.

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