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Macy’s call volume above normal and directionally bullish

Bullish option flow detected in Macy’s (M) with 18,751 calls trading, 2x expected, and implied vol increasing over 1 point to 45.00%. Mar-26 25 calls and 1/9 weekly 24 calls are the most active options, with total volume in those strikes near 11,900 contracts. The Put/Call Ratio is 0.16. Earnings are expected on March 5th.

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