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Macy’s call volume above normal and directionally bullish

Bullish option flow detected in Macy’s with 10,486 calls trading, 2x expected, and implied vol increasing over 6 points to 61.94%. Mar-24 20 calls and Jun-24 16 puts are the most active options, with total volume in those strikes near 10,000 contracts. The Put/Call Ratio is 0.57. Earnings are expected on March 7th.

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