Schaeffer's Top Stock Picks for '25

Call Volume Spikes During Huge Etsy Stock Move

Call volume is set to hit a 52-week high

Feb 5, 2019 at 2:06 PM
facebook X logo linkedin


Etsy Inc (NASDAQ:ETSY) is having a huge day on the charts, and call trading is surging as a result. Call volume is set to hit a 52-week high, with four times as many crossing compared to their put counterparts. New positions are opening at the February 60 and 65 calls, the most popular contracts today. Anyone buying to open positions here is wagering on ETSY stock pushing above the strikes by the close on Friday, Feb. 15, when the options expire.

The increased demand in near-term options has driven up the security's 30-day at-the-money implied volatility to 63.7%, which ranks in the 86th annual percentile, pointing to elevated premiums. This comes after a relatively quiet stretch from the stock, judging by its 30-day historical volatility of 35.6%, ranking in the bottom quartile of its annual range.

Etsy shares were last seen trading up 7.1% at $58.60, after hitting an all-time high of $60.58 earlier, though there's no clear catalyst for today's price action. The stock is up almost 218% year-over-year now, recently enjoying support from the 20-day moving average.

etsy stock chart

Meanwhile, this sharp rise in ETSY stock puts it above the average analyst price target of $57.46. What's more, more than 8% of the equity's float remains in the hands of short sellers, despite a 12.9% drop in the last two reporting periods. So from a contrarian perspective, the e-commerce concern could benefit from a round of price-target hikes and/or short covering.
 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?