Bearish flow noted in Etsy (ETSY) with 5,656 puts trading, or 1.6x expected. Most active are 9/5 weekly 50 puts and 9/5 weekly 51 puts, with total volume in those strikes near 4,300 contracts. The Put/Call Ratio is 3.39, while ATM IV is up over 3 points on the day. Earnings are expected on October 29th.
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