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Etsy call volume above normal and directionally bullish

Bullish option flow detected in Etsy (ETSY) with 16,761 calls trading, 1.3x expected, and implied vol increasing almost 5 points to 54.13%. Jun-26 50 calls and Dec-25 50 puts are the most active options, with total volume in those strikes near 6,600 contracts. The Put/Call Ratio is 0.40. Earnings are expected on February 18th.

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