Bullish option flow detected in Wayfair with 29,320 calls trading, 5x expected, and implied vol increasing over 4 points to 92.31%. 7/26 weekly 54 calls and 7/26 weekly 52 puts are the most active options, with total volume in those strikes near 25,200 contracts. The Put/Call Ratio is 0.32. Earnings are expected on August 1st.
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