Bullish option flow detected in Macy’s (M) with 17,971 calls trading, 5x expected, and implied vol increasing almost 3 points to 61.83%. Dec-24 17 calls and Dec-24 16 calls are the most active options, with total volume in those strikes near 5,800 contracts. The Put/Call Ratio is 0.32. Earnings are expected on November 26th.
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Read More on M:
- Macy’s price target lowered to $21 from $23 at JPMorgan
- Appaloosa exited Boeing and UPS during Q3, added Vistra and NRG
- Macy’s call volume above normal and directionally bullish
- Unusually active option classes on open October 17th
- Macy’s announces holiday collaboration with Disney
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
