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 10,080 calls trading, 2x expected, and implied vol increasing over 2 points to 51.50%. 5/24 weekly 19.5 puts and 5/24 weekly 20.5 calls are the most active options, with total volume in those strikes near 3,200 contracts. The Put/Call Ratio is 0.44. Earnings are expected on August 20th.

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