Macy’s call volume above normal and directionally bullish
The Fly

Macy’s call volume above normal and directionally bullish

Bullish option flow detected in Macy’s with 3,777 calls trading, 1.2x expected, and implied vol increasing over 1 point to 45.09%. 5/24 weekly 18 calls and 5/24 weekly 21 calls are the most active options, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 0.30. Earnings are expected on August 20th.

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