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Wayfair call volume above normal and directionally bullish

Bullish option flow detected in Wayfair (W) with 8,004 calls trading, 1.1x expected, and implied vol increasing over 1 point to 76.21%. 10/10 weekly 93 calls and 10/3 weekly 93 calls are the most active options, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 0.52. Earnings are expected on October 28th.

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