Bearish flow noted in Etsy (ETSY) with 3,896 puts trading, or 1.7x expected. Most active are Sep-25 50 puts and Sep-25 60 puts, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 2.38, while ATM IV is up over 5 points on the day. Earnings are expected on October 29th.
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