On the day customers have bought 9438 ETSY Sep 10 calls paying up to 1.55.
Etsy Inc., trading 10.59 (up .88) with an IV30 of 75.40 and an HV10 of 54.55, is seeing call sweeping today.? The stock, with an ADV of only 652 contracts and open interest of 9100 contract, has seen more volume than total OI in call buys.? Customers are gobbling up the September 10 calls ahead of earnings, which take place in August.? On the day customers have bought 9438 of the Sep 10 calls paying up to 1.55 a contract, and the largest blocks were traded around 1.35 and 1.45.
This appears to be a customer or customers that think that there is serious upside in ETSY as these calls have lots of delta and do not appear to have been done with any stock.? The customer is looking for a swift move above 11.00 a share toward 12.00 a share between now and September expiration
These are aggressively bullish the underlying and volatility.