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Wayfair call volume above normal and directionally bullish

Bullish option flow detected in Wayfair with 10,666 calls trading, 1.3x expected, and implied vol increasing over 1 point to 63.84%. Aug-24 43 calls and Aug-24 38 puts are the most active options, with total volume in those strikes near 3,700 contracts. The Put/Call Ratio is 0.45. Earnings are expected on October 30th.

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