Macy’s call volume above normal and directionally bullish

Bullish option flow detected in Macy’s with 47,899 calls trading, 13x expected, and implied vol increasing almost 2 points to 47.65%. 4/6 weekly 19 calls and 4/6 weekly 19.5 calls are the most active options, with total volume in those strikes near 37,900 contracts. The Put/Call Ratio is 0.11. Earnings are expected on May 25th.