Bullish option flow detected in Macy’s (M) with 14,440 calls trading, 3x expected, and implied vol increasing over 3 points to 64.16%. 4/25 weekly 11.5 calls and 4/25 weekly 11 calls are the most active options, with total volume in those strikes near 12,400 contracts. The Put/Call Ratio is 0.07. Earnings are expected on May 21st.
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