Bullish option flow detected in Macy’s (M) with 44,243 calls trading, 9x expected, and implied vol increasing over 6 points to 51.43%. 7/25 weekly 13.5 calls and 7/25 weekly 14 calls are the most active options, with total volume in those strikes near 24,100 contracts. The Put/Call Ratio is 0.06. Earnings are expected on August 28th.
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