Bullish option flow detected in Macy’s with 7,774 calls trading, 1.5x expected, and implied vol increasing over 10 points to 61.42%. 1/26 weekly 19 calls and Feb-24 16 calls are the most active options, with total volume in those strikes near 3,400 contracts. The Put/Call Ratio is 0.22. Earnings are expected on March 7th.
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