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Etsy call volume above normal and directionally bullish

Bullish option flow detected in Etsy (ETSY) with 29,938 calls trading, 2x expected, and implied vol increasing over 7 points to 54.27%. 7/3 weekly 55 calls and Jul-25 53 puts are the most active options, with total volume in those strikes near 26,800 contracts. The Put/Call Ratio is 0.42. Earnings are expected on July 30th.

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