Bullish option flow detected in Macy’s (M) with 30,092 calls trading, 3x expected, and implied vol increasing almost 2 points to 42.60%. 6/27 weekly 11.5 calls and 7/3 weekly 12 calls are the most active options, with total volume in those strikes near 17,800 contracts. The Put/Call Ratio is 0.07. Earnings are expected on August 28th.
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