Bullish option flow detected in Macy’s with 7,870 calls trading, 1.4x expected, and implied vol increasing almost 3 points to 75.95%. 5/3 weekly 19 calls and May-24 19 calls are the most active options, with total volume in those strikes near 4,500 contracts. The Put/Call Ratio is 0.12. Earnings are expected on May 30th.
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