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Wayfair call volume above normal and directionally bullish

Bullish option flow detected in Wayfair with 18,692 calls trading, 3x expected, and implied vol increasing over 1 point to 58.21%. 9/27 weekly 56 calls and 9/27 weekly 55 calls are the most active options, with total volume in those strikes near 14,700 contracts. The Put/Call Ratio is 0.23. Earnings are expected on October 30th.

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