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Macy’s call volume above normal and directionally bullish
The Fly

Macy’s call volume above normal and directionally bullish

Bullish option flow detected in Macy’s (M) with 17,392 calls trading, 3x expected, and implied vol increasing over 1 point to 56.38%. 11/8 weekly 16.5 calls and Dec-24 16 calls are the most active options, with total volume in those strikes near 14,300 contracts. The Put/Call Ratio is 0.08. Earnings are expected on November 14th.

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