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Etsy call volume above normal and directionally bullish

Bullish option flow detected in Etsy (ETSY) with 32,350 calls trading, 3x expected, and implied vol increasing over 1 point to 41.47%. Jun-25 59 calls and Jun-25 54 puts are the most active options, with total volume in those strikes near 29,500 contracts. The Put/Call Ratio is 0.10. Earnings are expected on July 30th.

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