Macy’s call volume above normal and directionally bullish

Bullish option flow detected in Macy’s (M) with 11,870 calls trading, 2x expected, and implied vol increasing almost 2 points to 60.28%. 3/7 weekly 13.5 calls and 3/7 weekly 14 calls are the most active options, with total volume in those strikes near 7,800 contracts. The Put/Call Ratio is 0.30. Earnings are expected on March 6th.