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.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App