Etsy call volume above normal and directionally bullish

Bullish option flow detected in Etsy with 3,653 calls trading, 1.2x expected, and implied vol increasing almost 8 points to 48.39%. Dec-24 70 calls and 7/12 weekly 59 calls are the most active options, with total volume in those strikes near 550 contracts. The Put/Call Ratio is 0.34. Earnings are expected on July 31st.