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Etsy call volume above normal and directionally bullish

Bullish option flow detected in Etsy with 5,722 calls trading, 1.1x expected, and implied vol increasing almost 2 points to 43.12%. 3/22 weekly 70 calls and 3/22 weekly 71 calls are the most active options, with total volume in those strikes near 2,800 contracts. The Put/Call Ratio is 0.18. Earnings are expected on May 1st.

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