Bullish option flow detected in Macy’s (M) with 12,543 calls trading, 1.6x expected, and implied vol increasing over 2 points to 37.72%. 1/24 weekly 14.5 calls and 1/31 weekly 14 puts are the most active options, with total volume in those strikes near 10,900 contracts. The Put/Call Ratio is 0.52. Earnings are expected on March 4th.
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