Macy’s call volume above normal and directionally bullish

Bullish option flow detected in Macy’s (M) with 8,320 calls trading, 2x expected, and implied vol increasing almost 2 points to 41.06%. 4/4 weekly 13.5 calls and 4/4 weekly 13 calls are the most active options, with total volume in those strikes near 7,900 contracts. The Put/Call Ratio is 0.02. Earnings are expected on May 21st.