Etsy (ETSY) shares forming a nice, narrow seven-week consolidation under $225-$227 range and near a major breakout to new all-time highs around $240. The current weekly range measures out to $265 but ETSY has a long-term measured target out to $320. On the daily, shares had a bullish MACD cross late last week while RSI back above 55 and daily squeeze setting up too. ETSY has seen a lot of bull flow recently including buyers in the November $200 calls and March $220 calls in size. The December $165 and June $180 puts were also sold to open recently.

Trade to Consider: Long the ETSY November $230/$250 Call Spread for $6 or Better