Wayfair call volume above normal and directionally bullish

Bullish option flow detected in Wayfair with 2,987 calls trading, 1.7x expected, and implied vol increasing over 3 points to 65.24%. Jan-24 50 calls and 11/24 weekly 55 calls are the most active options, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 0.43. Earnings are expected on February 22nd.