Bullish option flow detected in Macy’s with 24,318 calls trading, 1.9x expected, and implied vol increasing almost 3 points to 43.60%. 4/5 weekly 21 calls and 3/22 weekly 20.5 calls are the most active options, with total volume in those strikes near 8,600 contracts. The Put/Call Ratio is 0.15. Earnings are expected on May 30th.
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