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Macy’s call volume above normal and directionally bullish

Macy’s call volume above normal and directionally bullish

Bullish option flow detected in Macy’s with 11,852 calls trading, 1.1x expected, and implied vol increasing over 7 points to 37.71%. 9/6 weekly 15.5 calls and Sep-24 16 calls are the most active options, with total volume in those strikes near 7,400 contracts. The Put/Call Ratio is 0.28. Earnings are expected on November 14th.

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