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Etsy call volume above normal and directionally bullish

Bullish option flow detected in Etsy with 7,959 calls trading, 1.5x expected, and implied vol increasing almost 2 points to 35.57%. Jun-25 70 calls and Dec-24 55 calls are the most active options, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 0.61. Earnings are expected on July 31st.

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