Bullish option flow detected in Macy’s (M) with 27,058 calls trading, 2x expected, and implied vol increasing over 1 point to 40.24%. 2/7 weekly 16.5 calls and 1/31 weekly 16 calls are the most active options, with total volume in those strikes near 21,800 contracts. The Put/Call Ratio is 0.09. Earnings are expected on March 4th.
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