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Etsy call volume above normal and directionally bullish

Bullish option flow detected in Etsy (ETSY) with 15,712 calls trading, 1.3x expected, and implied vol increasing over 9 points to 49.71%. 9/26 weekly 64 calls and Jan-26 40 calls are the most active options, with total volume in those strikes near 5,600 contracts. The Put/Call Ratio is 0.16. Earnings are expected on October 29th.

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