Bullish option flow detected in Macy’s (M) with 22,179 calls trading, 3x expected, and implied vol increasing over 16 points to 66.99%. 4/4 weekly 11.5 calls and 4/4 weekly 11 puts are the most active options, with total volume in those strikes near 18,200 contracts. The Put/Call Ratio is 0.37. Earnings are expected on May 21st.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on M:
- Macy’s to claw back bonuses following accounting scandal, Bloomberg reports
- Macy’s call volume above normal and directionally bullish
- Macy’s Announces Leadership Changes in Bold New Chapter
- Macy’s backs Q1 adjusted EPS view 12c-15c, consensus 15c
- Macy’s COO and CFO Adrian Mitchell to depart, Thomas Edwards to succeed